SME Management Action For Results (SMART)
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Get a grant to develop business systems and processes for business excellence.
For who?
- Your business qualifies as long as:
- 30% - 100% of your shareholding is local
- your fixed assets are worth S$0 - S$15M*
- you have 0 - 200 employees (for non-manufacturing companies)*
For what?
- To subsidise the costs of developing management systems and processes using the Business Excellence framework.
- The framework ensures systematic and continuous growth of small and medium enterprises (SMEs).
- Your business can participate in 2 phases of SMART to achieve business excellence:
- Phase 1 - The Roadmap
A business excellence consultant reviews and identifies the gaps in your management systems and processes. The consultant then draws up a roadmap to address these gaps.
- Phase 2 - Implementation
You implement the roadmap drawn up in Phase 1 on your own or with the help of consultants.
How much?
- Phase 1 – 50% of the S$5,000 consultancy fee.
- Phase 2 – 50% of the allowable costs of implementation which include manpower, consultancy fees, equipment, materials and intellectual property rights.
Things to note
Facts & Figures
- S$4 million has been set aside for 300 SMEs to participate in SMART fro
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