THE INVICTUS FUND (SECOND TRANCHE)
ARE YOU A SOCIAL SERVICE AGENCY or CHARITABLE ORGANIZATION?
DO YOU WANT TO TAP ON GOVERNMENT GRANTS FOR DIGITALIZATION?
WHAT IS IT?
The Invictus Fund was introduced by the National Council for Social Services (NCSS) to garner private donations to support Social Service Agencies (SSAs) in their continuous quest to enhance service delivery and provide more value-add functions for their clients.
The Covid-19 pandemic has dealt challenges to the SSAs to maintain their services and standards. As such, the government announced a top-up of $18.3 million to The Invictus Fund as part of the Fortitude Budget in June 2020. The additional funding will provide the much needed relief for SSAs to cope with service delivery in the new normal.
HOW MUCH WILL I GET?
The Invictus Fund will support SSAs to transform operations through the following 2 key areas:
1. Digital Solutions
Support SSAs to digitalise and adopt technology to enhance work processes and improve service standards
| Digital Solutions | Funding Support |
| Pre-Scoped IT Solutions
Eg. Accounting & HR System, Inventory Tracking, Document Management, Laptops, Online Conferencing Tools etc |
80% of cost, capped at $30,000 per SSA |
| Customised Solutions
Eg. Unique customised system to meet specific needs of a SSA |
80% of cost, capped at $300,000 per SSA |
Some of the popular Pre-Scoped IT Solutions include:
(a) Xero Accounting Software
(b) ABSS Accounting Software
(c) HReasily Payroll Solution
(d) Talenox Payroll & Leave Management Software
2. Business Continuity Plan with Safe Management Measures
Support SSAs to adopt business continuity plans that incorporate safe management measures amidst the new normal
| Business Continuity Plans Having | Funding Support |
|
Up to $100,000 per SSA |
Only SSAs with a total reserves ratio of < 1 year * will be supported under this area.
* Reserves Ratio = Total Reserves divided by Annual Total Operating Expenditure.
WHO IS ELIGIBLE?
The Invictus Fund is open to all the full and associate members of NCSS.
HOW TO APPLY?
There are 4 application windows for the fund:
- 28 Sept to 30 Oct 2020
- 4 to 29 Jan 2021
- 5 to 30 Apr 2021
- 5 to 30 Jul 2021
Applications will have to be made via the NCSS online portal using CorpPass.
The Invictus Fund (Second Tranche): Frequently Asked Questions (FAQ)
Yes, you can apply for more than 1 pre-scoped solution. However the total funding will be capped at $30,000 per SSA, subject to the availability of funds.
Yes, each SSA can only purchase up to $8,000 worth of laptops and/or online conferencing tools.
Applicant SSAs will be notified within 6 weeks of submission.
The solution should be used for minimally one year.
The solution must be used for at least one month before claims can be submitted. The processing time is about 4 to 6 weeks.
The funds will be directly credited to the bank account that was provided during application.