The Invictus Fund (Second Tranche) - 361 Degree Consultancy

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

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
  • Safe management systems
  • Social distancing and reduced interaction
  • Contact tracing
  • Proper cleanliness of premises
  • Health checks and protocols
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.


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