<Update: 19th Feb 2009> Dear Reader, if you’re based in Singapore or want to do something on this island, have an business idea and looking for partners / funding, feel free to drop me an email alextohkh@gmail.com, I’m constantly on a look out for the “next one” that gets the adrenaline pumping. Cheers!
With the Financial Crisis in the US and Singapore declaring that we have slipped into recession. With analysts declaring that this recession will not be a V-shape recovery rather it’ll be a prolonged sustained slow recovery, thought it’ll be helpful to list the various “aids” and “alternatives” that entrepreneurs can tap onto, especially in Singapore. Will try to populate this list and keep it as updated and extensive as possible, if you chance upon any that I’ve missed please do drop me a comment.
<Update: 22nd Feb 2009> – BUILD (Building and Upgrading Initiatives for Long-Term Development)
SPRING is stepping up efforts to help SMEs develop key capabilities for long-term growth by leveraging on a comprehensive set of capability programmes. A $200 million enhanced capability development package, BUILD has been rolled out on 1 February 2009 for a period of two years. SPRING targets to support 2,000 enterprises over this period through BUILD.
BUILD provides enhanced support to SMEs by increasing the grant level from 50% to 70% of qualifying costs for all the existing capability development programmes that SPRING offers. These programmes currently cover areas such as technology innovation, design, branding and business management systems, business leaders development, process re-engineering, IP management and product development.
BUILD also provides enhanced support to industry associations by increasing the funding support for new LEAD projects to 80%. For the secretariat of LEAD Associations, there will be training grants of up to 90% to enhance their abilities to execute their respective LEAD Programmes.
The emphasis of BUILD is on strengthening enterprise capabilities during the downturn so that companies can emerge stronger when the economy recovers.
List of programmes with enhanced support
- Technology Innovation Programme
- Intellectual Property Management Programme
- Design Engage Programme
- BrandPact
- SME Management Action for Results Initiative
- Business Leaders Initiative
- Customer-Centric Initiative
- Local Enterprise and Association Development Programme
Enterprise One
- General A-Z Listing on Types Of Assistance provided by the Singapore Government
- Search for Grant Types and the Government Agencies supporting such grants
National Research Foundation
- Grant Calls in specific areas of Biomedical Science, Environmental and Water Technologies and Interactive and Digital Media (500million over 5 years)
- $75 Million Proof Of Concept Grants
Media Development Authority
- Specific grants catered to as their name goes: Media Development
National Arts Council
SPRING Singapore
