- Registered and operating in Singapore
- At least 30% local shareholding
- Group annual sales turnover ≤ S$100m or group employment of ≤200 employees
This initiative of Singaporean government can greatly help small- and medium-sized businesses improve their business operations and increase their productivity. Below are some other benefits that SMEs can enjoy with this grant:
- Facilitates business growth by providing support to SMEs and helping them improving their business capabilities.
- Provides a great opportunity to business to earn both local and international recognition for their brand.
- Drives SME Innovation by encouraging companies to come up with new products, services, technologies and ideas.