(From channelnewsasia.com) -- Spring Singapore has set aside S$30 million for two new programmes aimed at building a talent pipeline for Small and Medium Enterprises (SMEs) in Singapore.

The two programmes which target tertiary students and graduates aim to attract 2,000 fresh talents into the SMEs over the next five years.

SMEs in Singapore are hoping that they will not lose out to larger corporations when attracting talents.

They are also hoping that the new programmes launched by Spring Singapore Wednesday will help change the mindset of local graduates.

Under the Management Associate Partnership (MAP), Spring Singapore will work with high growth SMEs to train local university graduates.

They will learn how to operate the company over an 18-month mentoring programme.

Qualifying SMEs can receive up to S$15,000 grant for the training and development of each management associate.