There are a number of government grants for companies in Singapore East 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 East 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 East 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 East 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.
When you wish to start any kind of business you need first to contemplate which kind of business you would like to start. Thereafter you need to find office space, build client base, and hire employees. So you are going to face plenty of challenges which you would really like to address first to successfully run your business.
In other way starting a business may be easy but to run it successfully you are going to face stiff challenges. The most daunting task, however for entrepreneur is raising start-up capital and loans in order to raise and run a business.
The internet with growth of penetration through the world wide population has given tools to the entrepreneurs to address their every needs. Luckily for the entrepreneur they may find various options available through internet for funding their new companies. But finding and securing the funds for their company will take careful research, good negotiating skills, and, the most important thing a commitment towards launching new business.
To start a capital search you should have a good business plan first which may attract the investor which is going to invest for your business plan. A business plan that may show investors and lenders the potential growth of your company. You should follow that up with whole heartedly with a thorough knowledge of the resources available on internet and through other medium and a determination which may make your business reality.
Further it may be said that raising capital or funding your business might not be that much difficult, what is most important is you get your funding money or capital in right time and on right terms. You should take care of few facts while trying to raise money for your business i.e. how much you need?, When you need and from whom you want to get it?
- Bedok Skills Future Funding
- Changi Grant Skill Center
- Katong Skillsfuture Grant
- Kembangan Training Allowance Subsidy
- Loyang Training Course Allowance
- Marine Parade Skills Future Funding
- Pasir Ris Grant Skill Center
- Siglap Skill Up Grants
- Simei Small Business Training Grants
- Tampines Fund For Innovation