Page 13 - index
P. 13
RESEARCH, ANALYSIS & TRENDS
ny, seek partners, investment and #4: Info-Comm Technology (ICT) government put in. 26,000 compa-
other mutually beneficial relation- is getting huge support. nies received assistance, especially
ships. 10,000 SMEs are set to receive in trade and financing.
proven ICT solutions for their com-
Singapore has not stopped advanc- pany, greatly transforming and rev- This year, that trend will continue,
ing toward its place as an interna- olutionizing these individual compa- as the government will double the
tional trade hub in 2014. nies as well as the Singapore econ- maximum loan quantum, add in
omy as a whole. The budget also more expenditures, and take on
calls for an 80% subsidiary for qual- more of the risk-share. It’s a real
#3: Companies will receive $2
billion as part of the National ifying costs of emerging technolo- sign of dedication to the tactic.
Productivity Fund. gies in a pilot program. There is
Singapore is showing major sup- also a huge movement to subsidize How to capitalize on loan availa-
port for SMEs in the context of both companies’ fibre broadband, get- bility: Strike while the iron is hot.
general development and human ting companies connected at a Retailers seeking financial support
resources support. The govern- speeds of 100 mbps or better. for expansion in the Singapore
ment’s Productivity and Innovation should take advantage of potential-
Credit (PIC) has disbursed more How to capitalize on the budget’s ly available dollars, especially if
than $1 billion over the last three dedication to ICT: This portion of those dollars are for immediate or-
years. This year, it will continue that budget 2014 allows companies ders, R&D, or much needed brick
trend, including a Wage Credit considering a technology upgrade a and mortar support. At the same
Scheme (WCS) that will support the golden opportunity to begin imple- time, keep in mind the aforemen-
wages of economic workers mentation. For example, the tioned Info-Comm Technology. De-
throughout all of Singapore trade. emerging technology portion of the termine your true, needed focus of
budget covers up to $1 million, al- potential capital investment and
lowing firms plenty of leeway to
How to capitalize on the PIC and pursue it. ◊
National Productivity Fund: De- discover new potential technolo-
termine whether or not you are eli- gies. The fibre broadband subsidy By Anant Choubey, Regional Head
gible for growth funds and take ad- covers up to $200,000 per building. – APAC, Capillary Technologies
In a world that is increasingly omni-
vantage of them if you are. Particu-
larly, look toward labor, tools, and channel, this may be more im- About the Author:
grants to work with companies that portant than ever for retailers, who
may be able to offer insights or can leverage this new speed to col- Anant Choubey is re-
strategy. The Singaporean govern- lect, analyze, and adjust based on sponsible for sales and
ment has taken the time to develop information faster than ever before. marketing in the APAC
resources for companies that fall region at Capillary
into the SME category. There may #5: Plenty of loans for business- Technologies and cur-
also be dollars available for divi- es have been made available. rently manages the
sions of larger companies if they Singapore’s budget seems to be an firm’s business across
are in coordination with other, open acknowledgement of the need South East Asia. His prime focus is
smaller companies. Keep in mind for capital for retailers and busi- to strategize and expand Capillary
your core needs, but also keep in nesses in general. This is not new; in burgeoning market in South East
mind your core opportunities. Train- micro loan programs in the country Asia. He has donned many hats in
ing associates and offering them have issued 3,500 loans to SMEs Capillary over the years, from oper-
incentives to perform may be over the last two years. The gov- ations to client servicing to busi-
something you can do more easily ernment has also heavily encour- ness development and has been
within the boundaries of the new aged, fostered and facilitated pri- instrumental in setting up Capil-
budget. Also consider upgrading vate investment as well. It’s Co- lary’s India business, before mov-
your toolkit for development by in- investment Programme (CIP) has ing to Singapore to establish and
vesting in better tools. kick started funding from the private
sector, encouraging private players manage South East Asia market.
to kick in roughly $500 million,
The budget has made room for ad-
vancement. Why shouldn’t retailers more than three times what the
take advantage?
MediaBUZZ Pte Ltd - Independant ePublisher for Asia
ny, seek partners, investment and #4: Info-Comm Technology (ICT) government put in. 26,000 compa-
other mutually beneficial relation- is getting huge support. nies received assistance, especially
ships. 10,000 SMEs are set to receive in trade and financing.
proven ICT solutions for their com-
Singapore has not stopped advanc- pany, greatly transforming and rev- This year, that trend will continue,
ing toward its place as an interna- olutionizing these individual compa- as the government will double the
tional trade hub in 2014. nies as well as the Singapore econ- maximum loan quantum, add in
omy as a whole. The budget also more expenditures, and take on
calls for an 80% subsidiary for qual- more of the risk-share. It’s a real
#3: Companies will receive $2
billion as part of the National ifying costs of emerging technolo- sign of dedication to the tactic.
Productivity Fund. gies in a pilot program. There is
Singapore is showing major sup- also a huge movement to subsidize How to capitalize on loan availa-
port for SMEs in the context of both companies’ fibre broadband, get- bility: Strike while the iron is hot.
general development and human ting companies connected at a Retailers seeking financial support
resources support. The govern- speeds of 100 mbps or better. for expansion in the Singapore
ment’s Productivity and Innovation should take advantage of potential-
Credit (PIC) has disbursed more How to capitalize on the budget’s ly available dollars, especially if
than $1 billion over the last three dedication to ICT: This portion of those dollars are for immediate or-
years. This year, it will continue that budget 2014 allows companies ders, R&D, or much needed brick
trend, including a Wage Credit considering a technology upgrade a and mortar support. At the same
Scheme (WCS) that will support the golden opportunity to begin imple- time, keep in mind the aforemen-
wages of economic workers mentation. For example, the tioned Info-Comm Technology. De-
throughout all of Singapore trade. emerging technology portion of the termine your true, needed focus of
budget covers up to $1 million, al- potential capital investment and
lowing firms plenty of leeway to
How to capitalize on the PIC and pursue it. ◊
National Productivity Fund: De- discover new potential technolo-
termine whether or not you are eli- gies. The fibre broadband subsidy By Anant Choubey, Regional Head
gible for growth funds and take ad- covers up to $200,000 per building. – APAC, Capillary Technologies
In a world that is increasingly omni-
vantage of them if you are. Particu-
larly, look toward labor, tools, and channel, this may be more im- About the Author:
grants to work with companies that portant than ever for retailers, who
may be able to offer insights or can leverage this new speed to col- Anant Choubey is re-
strategy. The Singaporean govern- lect, analyze, and adjust based on sponsible for sales and
ment has taken the time to develop information faster than ever before. marketing in the APAC
resources for companies that fall region at Capillary
into the SME category. There may #5: Plenty of loans for business- Technologies and cur-
also be dollars available for divi- es have been made available. rently manages the
sions of larger companies if they Singapore’s budget seems to be an firm’s business across
are in coordination with other, open acknowledgement of the need South East Asia. His prime focus is
smaller companies. Keep in mind for capital for retailers and busi- to strategize and expand Capillary
your core needs, but also keep in nesses in general. This is not new; in burgeoning market in South East
mind your core opportunities. Train- micro loan programs in the country Asia. He has donned many hats in
ing associates and offering them have issued 3,500 loans to SMEs Capillary over the years, from oper-
incentives to perform may be over the last two years. The gov- ations to client servicing to busi-
something you can do more easily ernment has also heavily encour- ness development and has been
within the boundaries of the new aged, fostered and facilitated pri- instrumental in setting up Capil-
budget. Also consider upgrading vate investment as well. It’s Co- lary’s India business, before mov-
your toolkit for development by in- investment Programme (CIP) has ing to Singapore to establish and
vesting in better tools. kick started funding from the private
sector, encouraging private players manage South East Asia market.
to kick in roughly $500 million,
The budget has made room for ad-
vancement. Why shouldn’t retailers more than three times what the
take advantage?
MediaBUZZ Pte Ltd - Independant ePublisher for Asia
