Advanced Certificate in Business Innovation for Small and Medium-sized Enterprises (SMEs) Module 2: Business Model Innovation

Artificial Intelligence
Innovation & Business Improvement

Next Intake: 5 Jun 2025 (Thu)

Basic
SkillsFuture
Short Courses
This module is part of Advanced Certificate in Business Innovation for Small and Medium-sized Enterprises (SMEs)

This module is conducted in-person.

Next course starts on

5 Jun 2025 (Thu) See Full Schedule

Fee

SGD2,180* (as low as SGD254 after maximum funding) Learn More

Duration

2 Full Days (Weekdays)

Level

Basic

Who Should Attend

SME owners, managers, entrepreneurs, business development professionals
Strategy consultants seeking to innovate and apply cutting-edge strategies within SMEs.

PREREQUISITES

There are no prerequisites for this programme. Prior knowledge on any of the topics is not required.

Overview

Business Model Innovation (BMI) enables small and medium-sized enterprises (SMEs) to deliver enhanced value to customers, optimise operations, and seize new opportunities, ultimately driving long-term success. Compared to product and process innovation, BMI can deliver exponential rates of growth in today’s complex business environment. In the context of Industry 4.0, BMI can help SMEs to align their business models with emerging technologies and overcome digital challenges.

This module focuses on reinventing and adapting business models to stay competitive and responsive in the evolving market landscape, with the goal of guiding SME leaders through the process of rethinking and reshaping their business models to foster innovation, drive growth, and create value. Participants will explore various innovative business models, understand how to align them with their business vision and learn strategies to implement these models effectively.

Learning Objectives

At the end of the 2-day module, participants will be able to:

Identify opportunities for innovation and market adaptation
Understand the principles and importance of business model innovation for small and medium-sized enterprises (SMEs)
Explore various innovative business models and their applicability to different industries
Develop strategies to implement and integrate new business models within existing structures
Incorporate sustainability practices into business models for SMEs

Assessment

As part of the requirement for SkillsFuture Singapore, there will be an assessment conducted at the end of the course. The mode of assessment, which is up to the trainer’s discretion, may be an online quiz, a presentation or based on classroom exercises.

Participants are required to attain a minimum of 75% attendance and pass the associated assessment in order to receive a digital Certificate of Completion issued by Singapore Management University.

Calculate Programme Fee

Fee Table

COMPANY-SPONSORED

PARTICIPANT PROFILE

SELF-SPONSORED

SME

NON-SME

Singapore Citizen < 40 years old

Permanent Resident

LTVP+

$654

(After SSG Funding 70%)

$254

(After SSG Funding 70%
+ ETSS Funding 20%)

$654

(After SSG Funding 70%)

Singapore Citizen ≥ 40 years old

$254

(After SSG Funding 70%
+ MCES Funding 20%)

$254

(After SSG Funding 70%
+ ETSS Funding 20%)

$254

(After SSG Funding 70%
+ MCES Funding 20%)

International Participant

$2,180

(No Funding)

$2,180

(No Funding)

$2,180

(No Funding)

All prices include 9% GST

Please note that the programme fees are subject to change without prior notice.

Post Secondary Education Account (PSEA)
PSEA can be utilised for subsidised programmes eligible for SkillsFuture Credit support. Click here to find out more.

Self Sponsored

SkillsFuture Credit: Singapore Citizens aged 25 and above may use their SkillsFuture Credits to pay for the course fees. The credits may be used on top of existing course fee funding.

This is only applicable to self-sponsored participants. Application to utilise SkillsFuture Credits can be submitted when making payment for the course via the SMU Academy TMS Portal, and can only be made within 60 days of course start date.

Please click here for more information on the SkillsFuture Credit. For help in submitting an SFC claim, you may wish to refer to our step-by-step guide on claiming SkillsFuture Credits (Individual).
Workfare Skills Support Scheme: From 1 July 2023, the Workfare Skills Support (WSS) scheme has been enhanced. Please click here for more details.

Company Sponsored

Enhanced Training Support for SMEs (ETSS)

Organisation must be registered or incorporated in Singapore
Employment size of not more than 200 or with annual sales turnover of not more than $100 million
Trainees must be hired in accordance with the Employment Act and fully sponsored by their employers for the course
Trainees must be Singapore Citizens or Singapore Permanent Residents
Trainees must not be a full-time national serviceman
Trainees are eligible for ETSS funding only if their company's SME status is approved prior to the course commencement date. To verify your SME's status, please click here.

Please click here for more information on ETSS.

Absentee Payroll