Get a grant to develop business systems and processes for business excellence.

For who?

* Your business qualifies as long as:

o 30% - 100% of your shareholding is local
o your fixed assets are worth S$0 - S$15M*
o you have 0 - 200 employees (for non-manufacturing companies)*

*Computed on a group basis. Where 20% - 100% of your shares are owned by companies, the total value of your fixed assets and employees is calculated three levels up. Where your company owns 51% - 100% of another company (subsidiary), your subsidiary’s fixed assets and employees will also be added to the computation.

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:

o 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.

o 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

* To find a consultant for Phase 1, 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.

* When you complete Phase 2, you may apply for Singapore Quality Class certification under the Business Excellence framework.