SPRING Singapore (Standards, Productivity and
Innovation Board)
Local
Enterprise Finance Scheme (LEFS)
A fixed interest rate financing programme designed to
encourage and assist local enterprises to
upgrade, strengthen and expand their
operations. This scheme is administered by SPRING Singapore
and offered through
participating financial institutions.
Micro Loan Programme
A fixed interest rate financing programme designed to help
the very small local enterprises gain better
access to financing. This scheme is
administered by SPRING Singapore and offered through
participating financial institutions.
Local Enterprise Technical Assistance Scheme (LETAS)
A scheme to help local enterprises defray cost incurred in modernising and
upgrading their operations
through the engagement of an external expert for a
limited period of time.
Local Enterprise Finance Scheme
A scheme that complements the existing Local Enterprise Finance Scheme (LEFS).
The scheme is
offered through six Participating Financial Institutions (PFIs).
It will provide an additional form of
financing for SMEs. The scheme allows more
flexibility for financial institutions to package attractive
loan facilities to SMEs based on their risk profile.
Business Fusion Programme (For more details, call :
6898 1800 or email
firststop@spring.gov.sg)
Encourages SMEs of related industries or in the same
value chain to come together to exchange
information, share resources and
enhance mutual co-operation. SMEs under the Business Fusion
Programme can better
compete by leveraging on each other's resources and expertise. By pulling
resources together, they are in a stronger position to venture into new markets.
CEO Learning Circle
(For more details, call : 6898 1800 or email
firststop@spring.gov.sg)
A conduit for continuous learning and business networking for Chief Executive
Officers (CEOs) of
small and medium-sized enterprises (SMEs). Organised monthly,
the aim is to provide a forum for
these CEOs to keep abreast of changes, learn
from the best practices and network with other SMEs
and bigger companies. It is
hoped that the interaction and rapport built up during the sessions will
allow SMEs to share their experiences and overcome their problems of size.
Financial Advisor
Programme
(For more details, call : 6898 1800
or email firststop@spring.gov.sg)
A programme, under the Spring-Singapore Chinese Chamber of Commerce and Industry
collaboration,
which will help
SMEs to strengthen their capital structure, trim cost and improve cashflow
management.
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Economic Development Board
Technopreneur
Home Office Scheme
The Technopreneur Home Office Scheme will facilitate the creation of
high-technology and
knowledge-intensive new businesses by allowing technology
entrepreneurs (technopreneurs) to
register and use their residential premises as
home offices.
Startup EnterprisE Development
Scheme (SEEDS)
Aims to provide equity financing for startup in the seed stage of enterprise
formation. It is a
S$50 million fund administered by the EDB. For every private
dollar raised from 3rd party investor(s)
by the seed startup company, EDB will
match a dollar for every 3rd party private sector cash injection,
up to a
maximum sum of S$300,000. Both EDB and the 3rd party investors will take equity
stakes in the
company, the percentage of which will be in proportion to their
respective dollar amount of investment.
Initiative in New Technology Scheme (INTECH) (For more
details, call 6336
2288 or
e-mail to
webmaster@edb.gov.sg)
INTECH training scheme encourages
manpower development in the application of new technologies,
industrial R&D,
professional know-how, and design and development of new products, processes and
services, so as to establish new capabilities within companies or industries.
Innovation Development Scheme (IDS) (For more details,
call 6336 2288 or
e-mail to
webmaster@edb.gov.sg)
Encourages companies from manufacturing and services clusters to undertake
innovation projects
in Singapore.
Research and Development Assistance Scheme (RDAS) (For
more details, call
6336 2288 or
e-mail to
webmaster@edb.gov.sg)
To support companies’ specific R & D projects which enhance the
competitiveness and support their
manufacturing and business activities.
Total Business Plan Scheme (For more details, call
6336 2288 or e-mail
to
webmaster@edb.gov.sg)
Caters to the needs of Promising Local Enteprises (PLEs)
who require strategic planning to push them
to the $100-million turnover target.
Under the TBP scheme, grants of up to 70% are provided to defray
the costs of
engaging external consultants to chart the PLE's future growth direction, and to
implement associated programmes. They also help to improve the companies'
finance, manpower and other operational needs.
The Enterprise Challenge
Funds innovative proposals with the potential to create new value or significant
improvements to the
delivery of public service.
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Infocomm Development Authority of Singapore
Critical Infocomm Technology Resource Programme (CITREP)
CITREP aims to equip the Infocomm
professionals in Singapore with critical, emerging and specialised
skills so as
to increase their organisation's competitive advantage, as well as enhance their
own
employability.
Relevant training courses which impart knowledge and skills in the identified
technologies will be
evaluated and endorsed under CITREP. Self-sponsored
trainees and organisations that fully sponsor
their employees for training in
these endorsed courses can apply for CITREP support, which includes
the course
and exam fees (if any) of the training course.
Infocomm Local
Industry Upgrading Programme (Infocomm LIUP)
Its primary focus is to accelerate the development of a vibrant local IT
industry by cultivating stronger
ties and collaborations between local IT
companies and IT MNCs. Through the iLIUP partnership,
Singapore enterprises can
gain exposure to cutting-edge technologies and tap on an established global
network of technical expertise that will reduce development costs and
time-to-market for their
products.
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TIF Ventures Pte Ltd
A corporatized subsidiary of EDB, TIF
Ventures manages the Technopreneurship Investment Funds
and other
venture-related businesses in promotion of Singapore's venture capital
industry.
Technopreneurship
Investment Fund
designed to catalyze the development of a vibrant venture capital (VC) industry
in Singapore, through
drawing more VC activities into Singapore, establishing
relationships and networks with, and seeking
knowledge transfer from, top-tier
venture capital companies in the world.
Venture
Investment Support for Start-ups
A program to directly co-invest into early stage promising and strategic
companies that are based or
linked to Singapore. It aims to play a catalytic
role in drawing investments into earlier stage start-ups
by lowering the mental
barrier through lower risk exposure.
Technopreneurship Investment Fund (TIF)
Information about the establishment of this investment
fund which aims to attract top-tier VC firms to
Singapore; establish a global
network with leading VCs; and provide funding for early stage funds and
startups.
Patent Application
Fund
Set up by the National Science & Technology Board (NSTB) and currently
administered by the
Intellectual Property Office of Singapore (IPOS), provides
financial assistance to applicants to defray
the costs of patent applications.
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