Venture Platform Pte Ltd
40 Ubi Crescent, #01-04 Ubi Techpark, Singapore 408567
Tel. 65 6533 5834 | Fax. 6533 5835
Copyright © 2011. All Rights Reserved.
40 Ubi Crescent, #01-
Copyright © 2011. All Rights Reserved.
Provides Singapore-based SMEs consultancy advice and funding support to develop
management systems and processes
With the SMART Initiative, SMEs can develop and strengthen their management systems
and processes in a systematic manner. By doing so, they will be able to add value to their
customers and stakeholders, enhance their competitiveness and be on their way to
attaining business excellence.
Eligibility Criteria
SMEs can apply for the SMART initiative if they meet these criteria :
* Registered or incorporated in Singapore
* At least 30% local shareholdings
* Company’s fixed assets investments (at net book value) must not exceed S$15 million
* Employment size must not exceed 200 employees* (for companies in service industry)
* At least S$2 million in sales turnover
* At least 3 years of business operations
* computed on a group basis.
Development of Roadmap
The SMART Initiative helps SMEs to develop a roadmap to build their business capabilities
in areas of priority to the business. A qualified business excellence consultant will work
with the management team for 5 man-days over 2 to 3 months.
Funding
SPRING is providing enhanced funding of 70% of the actual qualifying cost for consultancy
incurred by the company on the project during the qualifying period, subject to a total
maximum grant of S$3,500.
Implementation of improvement projects
On completion of the Roadmap, participating SMEs can initiate improvements to address
the gaps identified in their management systems and processes.
These improvement projects may be implemented either under LETAS or other existing
government schemes, depending on the company’s capabilities, the areas of improvements
and eligibility criteria of the schemes.
With the SMART Initiative, SMEs can develop and strengthen their management systems
and processes in a systematic manner. By doing so, they will be able to add value to their
customers and stakeholders, enhance their competitiveness and be on their way to
attaining business excellence.
Eligibility Criteria
SMEs can apply for the SMART initiative if they meet these criteria :
* Registered or incorporated in Singapore
* At least 30% local shareholdings
* Company’s fixed assets investments (at net book value) must not exceed S$15 million
* Employment size must not exceed 200 employees* (for companies in service industry)
* At least S$2 million in sales turnover
* At least 3 years of business operations
* computed on a group basis.
Development of Roadmap
The SMART Initiative helps SMEs to develop a roadmap to build their business capabilities
in areas of priority to the business. A qualified business excellence consultant will work
with the management team for 5 man-
Funding
SPRING is providing enhanced funding of 70% of the actual qualifying cost for consultancy
incurred by the company on the project during the qualifying period, subject to a total
maximum grant of S$3,500.
Implementation of improvement projects
On completion of the Roadmap, participating SMEs can initiate improvements to address
the gaps identified in their management systems and processes.
These improvement projects may be implemented either under LETAS or other existing
government schemes, depending on the company’s capabilities, the areas of improvements
and eligibility criteria of the schemes.
Services
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