Higher funding support to help businesses during the economic downturn is extended till 31 January 2011. Find out more about the changes.

For who?

• Your business qualifies as long as:
  
  
  • you are registered or incorporated in Singapore
  • 30% - 100% of your shareholding is local
  • your group fixed assets are worth S$0 - S$15 million*
  • you have 0 - 200 employees (for companies in the services sector)*
  • you have at least S$2 million in sales turnover
  • you have at least 3 years of business operations
    
    * Computed on a group basis i.e. checking up to three levels for corporate shareholders holding 20% - 100% of the total shareholding in your company and one level down where your company owns 51% - 100% of shareholding in a subsidiary company.

For what?

• To develop and strengthen small and medium enterprises (SMEs)'s management systems and processes in a systematic manner.
  
  
• The SMART initiative helps you to develop a roadmap to build your business capabilities in areas of priority to your business.
  
  
• A qualified business excellence consultant will work with the management team for 5 man-days over 2 to 3 months.

How much?

• SPRING will support up to 70% of qualifying cost for the consultancy incurred by your company on the project during the qualifying period subject to a maximum grant of S$3,500.

• To find a consultant, please refer to the list of business excellence consultants on SPRING Singapore’s website.
  
  
• To learn more about SMART, attend the briefing sessions conducted by SPRING Singapore. Find out the latest SMART briefing on SPRING Singapore's website.

Changes from 1 February 2009 - 31 January 2011

• SMART is part of BUILD (Business Upgrading Initiatives for Long-Term Development) which helps businesses to strengthen their capabilities during the downturn for future growth.
  
  
• BUILD provides higher funding support to SMEs for all existing SPRING Singapore's capability development programmes. This applies to applications received between 1 February 2009 and 31 January 2011.

	Existing	Revised
Funding Support	Up to 50% of qualifying cost, subject to maximum of S$2,500	Up to 70% of qualifying cost, subject to maximum of S$3,500

 For more info

SME Management Action for Results (SMART) Initiative
SPRING Singapore