There are a number of government grants for companies in Singapore North 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 North 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 North 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 North 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.
Various skill development programs with aims to enhance employability of Indian youth. The Short Term Training imparted through NEEM Scheme is expected to benefit candidates. Skill development and vocational training programs are conceptualized, executed and monitored by various organizations.
On the job training is an important milestone in the process of enhancing one's credentials. Skill development and entrepreneurship development efforts across the country have been highly fragmented so far. With the present education and skill levels in the labour force is very low. It will be a major challenge for India. To overcome this challenge Govt. of India launched various skill development programs.
Skill development initiatives will help to realise the inert potential of educated youths. As India moves progressively towards becoming a global knowledge economy, it must meet the rising aspirations of its youth.
There are a variety of skill training programs all over the country that include:
Pradhan Mantri Kaushal Vikas Yojana (PMKVY) is the one of the leading scheme of the Ministry of Skill Development & Entrepreneurship (MSDE). The objective of this skill is to enable a large number of Indian youth to take up industry-relevant skill training.
National Employability Through Apprenticeship Program (NETAP) is a Public Private Partnership of Ministry of Skill Development & Entrepreneurship. National Apprentice Promotion Scheme is a new scheme of Government of India to promote apprenticeship training and increase the engagement of apprentices.
The Udaan scheme is targeted to help the ambitious and progressive youths in India.
Seekho aur Kamao is a scheme for upgrading the skills of minority youth in various modern / traditional skills depending upon their qualification.
The National Skill Development Corporation India (NSDC) was setup as a one of its kind, Public Private Partnership Company.
Deen Dayal Upadhyaya Grameen Kaushalya Yojana There are several challenges preventing India's rural poor from competing in the modern market, such as the lack of formal education and marketable skills. This program enable Poor and Marginalized to Access Benefits
Boeing, Tata Advanced Materials Ltd (TAML) and Nettur Technical Training Foundation (NTTF) have launched a programme to train front-line workers for the aerospace industry.
Tata Motors in association with Nettur Technical Training Foundation (NTTF) has launched a programme under the National Employability Enhancement Mission (NEEM) - a nationwide skills enhancement initiative of Government of India. This mission aims to enhance employability through the objective of learn and earn, under which Tata Motors will bear all the expenses of training cost of apprenticeship training.
This scheme is for employers in specified industries to engage apprentices in designated trades to impart apprenticeship training or on the job training in industry to youth. Apprentices get an opportunity to expose in real working conditions. They get a chance to work on advanced machines and equipments, industry specific best practices and learn more about their field. Apprentices become skilled workers.
Craftsmen Training Scheme
Government of India initiated Craftsmen Training Scheme is for imparting skills in various vocational trades to meet the skilled manpower requirements for technology and industrial growth of the country. The period of training for various trades varies from six months to two years and the entry qualification varies from 8th to 12th class pass.
Green Skill Development Program
The Green Skill Development Programme (GSDP) of the Ministry of Environment, Forest and Climate Change (MoEF&CC) is an initiative for skill development in the environment and forest sector to enable India's youth to get gainful employment and / or self-employment. The programme endeavours to develop technical knowledge and commitment to sustainable development. It will help in the attainment of the Nationally Determined Contributions (NDCs), Sustainable Development Goals.
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