Singapore East Skillsfuture Grant

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.

Training Programme for Adults above 30

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.

Multi Channel Integration and EDI transactions have been increasing day-by-day and they would certainly tend to grow as long as the EDI industry undergoes constant improvement. The EDI-based transactions comply with the X12 standard, which in turn has several sub-standards supported by various industries that keep growing over time.

Amongst the various supported standards today, UCS (Uniform Communication Standard), VICS (Voluntary Inter-industry Commerce Standards), HIPAA (Health Insurance Portability and Accountability Act) are the pre-dominant ones.

As per the statistical analysis revenues of the EDI Software packages should increase at a steady rate of 5 percent rate during the period because of a number of reasons such as the big organizations boosting up deployment of SME solutions, and even the mid size range companies implementing the EDI operations with suppliers paving the way to more and more EDI transactions for Channel Integrations

Moreover the EDI usage grows in the health care industry is increasing, thanks to the Health Care Insurance Portability and Accountability Act (HIPAA) grant.

Consequently the larger organizations will retain the investments in their EDI operations, leading to more and more EDI transactions.

Coming to the EDI Services and support revenue, there shouldn't be any decrease in them either, as they would steadily grow at a 2 percent on account of reasons like growth in the EDI outsourcing services. Furthermore, with more mid size hubs and SMEs moving joining the internet revolution, the volume of EDI transactions also tend to go high.

In fact looking at the historical perspective, initially when e-Commerce started, the experts had the perception that it would bring the end of EDI, rather than supporting it. However in realistic terms they never thought about the mere fact that basically EDI is e-Commerce by far and large!

Over time this trend has been noticeable and slowly but surely the industrialists have realized that the EDI transactions are a part of the e-commerce, essentially supporting e-commerce rather than competing with it.

As a matter of fact, the EDI transactions aren't really growing in a particular sector, and right from health care down to mid size SMEs, they have been only increasing.