This Month's Highlights
Welcome to the September 2024 Edition of RIC's Innovation Insights!
This month, we bring you the latest updates on how businesses can tap into new funding opportunities and drive innovation for sustainable growth. Our spotlight covers how to make the most of government initiatives and grants to stay competitive in an ever-evolving marketplace.
In our Tip of the Month, we explore the Research, Innovation, and Enterprise (RIE) 2025 plan, along with the NTUC Company Training Committee (CTC) Grant to help transform both your enterprise and workforce.
Lastly, don’t miss our September news highlights, covering key developments in the business and technology sectors. Stay tuned for insights that could fuel your growth and success.
This month, we bring you the latest updates on how businesses can tap into new funding opportunities and drive innovation for sustainable growth. Our spotlight covers how to make the most of government initiatives and grants to stay competitive in an ever-evolving marketplace.
In our Tip of the Month, we explore the Research, Innovation, and Enterprise (RIE) 2025 plan, along with the NTUC Company Training Committee (CTC) Grant to help transform both your enterprise and workforce.
Lastly, don’t miss our September news highlights, covering key developments in the business and technology sectors. Stay tuned for insights that could fuel your growth and success.
Tip Of The Month
How To Leverage The Research, Innovation and Enterprise (RIE) 2025 to Plan For R&D Funding
Singapore’s Research, Innovation, and Enterprise (RIE) 2025 plan is a game-changer for businesses aiming to innovate and stay competitive. With a $25 billion investment, the RIE 2025 focuses on driving growth in key sectors such as manufacturing, healthcare, and digital transformation. This initiative supports businesses in commercializing innovations, enhancing their R&D efforts, and contributing to national economic growth.
RIC plays a pivotal role in helping businesses align with RIE 2025's strategic priorities, securing essential grants to fund their projects. From manufacturing to digital innovation, we guide companies through the process, ensuring they tap into the right funding opportunities to fuel their growth and stay ahead in an ever-evolving marketplace.
RIC plays a pivotal role in helping businesses align with RIE 2025's strategic priorities, securing essential grants to fund their projects. From manufacturing to digital innovation, we guide companies through the process, ensuring they tap into the right funding opportunities to fuel their growth and stay ahead in an ever-evolving marketplace.
Featured Grant
Empower Your Business with the NTUC Company Training Committee (CTC) Grant
The NTUC Company Training Committee (CTC) Grant offers a valuable opportunity for businesses to transform both their operations and workforce. With up to 70% funding support, this government initiative helps companies enhance productivity, adopt new technologies, and upskill their employees to stay future-ready. Whether it’s job redesign, equipment upgrades, or digital transformation, the CTC Grant is designed to drive holistic business improvement.
RIC is committed to guiding businesses through the application process, ensuring they maximize their chances of securing this vital funding. By helping companies align their transformation plans with the grant's objectives, we ensure that both enterprise growth and workforce development are achieved simultaneously, setting businesses on a path to long-term success.
RIC is committed to guiding businesses through the application process, ensuring they maximize their chances of securing this vital funding. By helping companies align their transformation plans with the grant's objectives, we ensure that both enterprise growth and workforce development are achieved simultaneously, setting businesses on a path to long-term success.
September News Highlights
Expand Your Business in AsiaThe 2024 Franchising & Licensing Asia (FLAsia) conference highlights the rapid growth of Asia's franchising market, driven by economic expansion and rising disposable incomes. Over 300 global franchises, including Dian Xiao Er and Kids in The Room, are seeking partnerships to tap into new markets. FLAsia provides a platform for brands to explore opportunities, connect with investors, and expand in Asia’s growing consumer landscape.
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EDB Boosts Corporate Venture Launchpad with S$32M for Startup CollaborationSingapore’s EDB is committing S$32 million to expand its Corporate Venture Launchpad (CVL) program, fostering collaboration between startups and corporates. It has supported 24 companies and created 14 ventures. The new funding will focus on capability-building, with EDB co-funding up to 50% of manpower and services to help businesses innovate and scale.
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Singapore Rises as MedTech Hub with S$20B Output and Growing InnovationAt the MedTech Forum, SMS Low Yen Ling highlighted Singapore’s rise as a MedTech hub, with over 400 companies and 30 global leaders. The sector has created over 6,000 jobs and tripled its output to S$20 billion since 2014. Government initiatives like the MedTech Catapult and AI investments are driving further innovation, positioning Singapore as a key player in healthcare technology.
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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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