Wife saw an interesting 2 hours course yesterday and referred it to me. I decided to sign up for it for a nominal fee. It seems applicable to me now since I am looking to start a business and I will need to know what financial help I can get from the government 🙂
The majority of companies everywhere mainly consist of SMEs (Small, Medium Enterprises) that can be small mom and pop shops to having sales turnover of at least $100 mio. In times of an economic slowdown, they are usually the ones that suffer a credit tightening as banks preserve lines for bigger corporations.
It was a good learning experience to learn that an SME can apply for a voucher, tax incentive, grant or loan to help it grow the business from this government entity. They even offer to fix an appointment for a dedicated person to meet up to help you walk through your requirements.
As an example, the Capability Development Grant (CDG). It is a financial assistance program that helps an SME build capabilities across 10 key business areas, ranging from raising service standards, adopting technology to staff training and overseas expansion. The grant supports a wide range of capability upgrading initiatives to help one grow its businesses locally and globally.
Will need to study this in further detail. As and when I start my business, I will need all the help I can get.
http://www.spring.gov.sg/Growing-Business/Grant/Pages/capability-development-grant.aspx
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