This Month's Highlights

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​Welcome to the August 2024 edition of our Real Inbound Consulting newsletter!

​This month, we’re bringing you insights and stories of business grants that can take your business to the next level. At RIC, we’ve been busy helping companies secure grants to enhance operation efficiency. Whether you're looking to streamline processes or expand your reach, we’ve got valuable grants lessons to share.
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Here’s what we’ll be discussing in this month’s newsletter:
  • How Automation Transformed a Leading F&B Solutions Provider in Singapore
  • The Top Pitfalls to Avoid When Applying for Business Grants
  • How to Use Grants to Drive International Sales: Webinar​

Grant Story

How Automation Transformed a Leading F&B Solutions Provider - Grant Story

We successfully helped a leading commercial ware-washing service provider tackle inefficiencies caused by manual processes and high labor costs. With the support of an Enterprise Development Grant (EDG) secured by RIC, they successfully implemented advanced automation solutions that resulted in:
  • A 85% boost in weekly productivity
  • Saving over 800 staff hours per week
  • Annual cost reductions of SGD 350k
  • Improved hygiene practices and significant water savings​

Costs supported:
  • Qualifying Cost and Support Level: Over SGD 100k grant approved, covering up to 70% of qualifying costs.
  • Cost Savings: Annual savings of over SGD 350k, with a 5-year productivity gain of 6.89 times the project cost.​
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This transformation was more than just a numbers game—it allowed the company to focus on growth, setting them up for continued success in a competitive market. Could your business benefit from similar automation? If you're thinking of applying for a grant, there's one thing you must keep in mind: avoid the common pitfalls that trip up many applicants.
​"At last, all clarifications done with the auditor and auditor cleared us already. Thank you very much for your excellent contributions – pat on the back. As mentioned, the Enterprise office okayed us after the visit. So all should be in order. Hope to receive the grant soon! Thanks!"

​- Chief Operating Officer of Client Firm

Grant Tip Of The Month

Common Pitfalls to Avoid When Applying for Business Grants: Insights from a Grant Consultancy

Applying for grants can be a game-changer- but too often, businesses miss out on grant approvals and claims due to small, avoidable errors. Here are some of the top pitfalls we’ve seen:
  • Inadequate preparation: Companies often overlook eligibility requirements, such as maintaining local shareholding throughout the project​
  • Incomplete or inaccurate applications: Incorrect financial details or project scopes can lead to costly delays
  • Poor budgeting: Including ineligible expenses or miscalculating costs could leave you underfunded

By addressing these challenges head-on, your business can avoid setbacks and secure the funding needed to propel your next big initiative. 

Learn more about how to avoid such pitfalls and optimise your grant application for success!

Webinar Of The Month

How to Use Grants to Drive Sales Internationally

Expanding your business beyond your home territory is a significant milestone, but it comes with its own set of challenges and risks. In our recent webinar, we explored how businesses can navigate these complexities and leverage grants to support their international growth​.​ This exclusive session offers actionable strategies to help your business tap into new markets while leveraging grant funding. 

Our distinguished speakers, Gerald Yap, Founder and Director of Real Inbound Consulting, and Fraser Morrison, CEO and Founder of 1000steps, shared their expertise on maximizing these opportunities for business expansion last August 22, 2024 on our Live Webinar event. 

Missed the live session? Don’t worry!
You can watch the webinar replay on our website.

Upcoming Events

Webinar

Watch our past webinars, learn online
​with experts from the comfort of your location.​

Events & Other Activities

Connect, network, and engage
​directly with industry professionals.​

Thank you!

Thank you for reading our August newsletter. At Real Inbound Consulting, we are here to support your journey towards business excellence through strategic grant consulting. If you have any questions or need personalized assistance, please do not hesitate to contact us.
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