There are a number of government grants for companies in Singapore Central to help them overcome obstacles in their growth. It is worth your while to go through a few of the business support grants provided by government for SME and Startups in Central Singapore.
Top 6 Government Grants for companies:
1. Capability Development Grant (CDG)
It is a scheme for providing financial assistance to startups for building capabilities in ten business areas. Mostly in Singapore Central it includes consultancy, cost of certification, cost of equipment, and training.
2. ACE startups
For the first-name entrepreneurs having an innovative idea, the scheme provides mentor-ship support and startup capital grant. The Accredited Mentor Partners (AMP) support the startups with advice, learning programs, and networking contacts.
3. Early-Stage Venture Funding (ESVF)
It is the biggest equity scheme by government which co-funds startups along with venture capital firms. Beneficiaries of this funding are early-stage technology startups. National Research Foundation (NRF) co-fubds startups with approved VCs.
4. Technology Enterprise Commercialization Scheme (TECS)
To help entrepreneurs realize their tech-based ideas into promising business, this scheme assists them in growing their business past the seed stage and then obtaining funding from third-party to achieve targeted revenues and growth.
5. Financial Sector Technology and Innovation (FSTI)
Aim of this startup grant is to enable financial institutions to establish their innovation labs in the country and support the development of industry-wide technology infrastructure and innovation solutions.
6. ComCare Enterprise Fund (CEF)
Instituted by Ministry of Social and Family development to provide funding to social entrepreneurs and aimed at seeding Social Enterprise startups.
In Thelearningtobefearless Government knows the important role that it’s startups and SMEs play in its economy and hence support these entities with Government grants. As an entrepreneur, learner one of the ways in Singapore Central is you must try to get funding on capability upgrading initiatives such as process improvement and product development.
Business Grants Portal brings government grants for businesses into one place, so it’s easier to find and apply for the grants you need.
For shaping the future of state, government is promoting skill development centers and higher education centers. Some major expansion has been done by state government in the field of higher education. Engineering colleges have become the prime center for nurturing talent. Top engineering colleges are busy in producing talented engineers year after year.
Role of Higher Education: Higher education plays a key role in the development of any country, state or region. The chance of economic growth of any state is as good as the pool of their skilled people. No plan of economic development can succeed without skilled people, as economic development depends a lot on the quality of resources they have.
When it comes to higher education shaping the economic development in any state, engineers play a key role. Since infrastructure development is a key thing for economic boost of the state; hence, engineers become vital as they play key role in the construction of roads, bridges, hospitals, schools, railway tracks and many other things.
Higher education also helps in shaping the future of people as skilled people not only get good employment opportunities they also create employment for other as well. Skill development program has helped people to become self-reliant and financially independent.
Roles of Higher Education Institutions: Role of educational institution has changed a lot over the years, unlike the earlier years where most colleges and universities focused on traditional courses, nowadays these higher education institutions offer different programs which not only help them develop certain skill sets but also these programs are designed according to the need of corporate sector, the aim is to groom youngsters in such a way that they become industry ready.
For years Indian educational system was considered as a system which could only produces clerks and it has changed a lot. Nowadays engineering and management has become the preferred choice of the youngsters. Higher education institutions also focusing in developing more entrepreneurs these days in this way they help state government to resolve the issue of unemployment. Skilled people create their own employment rather than someone who holds a degree and wait for someone else to provide him or herself employment.
The number of educational institutions is growing every year with private institutions and universities making their impact as well. With growing demand of quality engineers and management graduates number of institution and universities has started mushrooming. One needs to be very careful while selecting from engineering colleges.