SME Tech Innovation Singapore: Grants for Developing Software-Based Products

​This webinar explains how SMEs can innovate and build new software-based products for commercialisation. It covers what it actually looks like for SMEs to technologically innovate, provide practical pathways to build new offerings & sources of revenue, and discuss the relevant government grants available in Singapore.

It was jointly delivered by Real Inbound Consulting and Engenesis, an international venture-building company. It took place on 23rd July 2020, 1pm SG time. 

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Full Sypnosis:

Name any single industry and you will find it is currently being disrupted by technology. Whilst SME business owners are aware of this, just as many are immobilized. 

They do not know where to turn to, how to tread the innovation path and are concerned that it is too risky to innovate through technology themselves. At the same time, new technologies are being introduced into the market by leading innovators who are experiencing the benefits of this shift. 

In fact, it is predicted that within the next 10 years, half of the current S&P 500 will be displaced to new, emerging players in the market. 

When it comes of SME innovation, some of the common questions include:

• Why is it a good time to innovate using technology?
• What are the initial roadblocks people experience preventing them from starting?
• What are some real case studies of SME’s who have successfully innovated?
• Do I need to be knowledgeable about IT to innovate my company?
• What sorts of costs do I need to technologically innovate?
• Are there any government grants that I could receive to conduct innovation?

In the event, you will hear about real case studies of businesses just like you:

• How a financial solutions company obtained a grant of $124,000 SGD and successfully built a payment software that reduced processing time more than 50%
• How a telecommunications company launched into the agriculture space with a new business model after obtaining $132,000 SGD of funding from the Singapore Government

It is Easier Than You Think to Lead Innovation In Your Industry

The cost of designing and building out technology products has dramatically reduced over the last decade. You can tap into high-caliber expert networks to help generate new income streams that serve your industry.

SMEs in Singapore Have Access to Grant Funding that Can Accelerate The Innovation Process

Every nation in the world is aiming to be the place that the next generation of technology companies utilize to setup and serve the global market. The Singapore Government is no exception to this and provides world-leading programs to support SMEs to innovate and commercialize new technology ventures.

Compared to Startups, SMEs have a Better Opportunity to Take Their Product to Market

With existing brand capital, relationships, supplier networks and lasting customer databases, SMEs are uniquely positioned to build, launch and scale their own technology based products.

Brought to You By:

1. Engenesis Ventures

Engenesis is an international venture building company. Their mission is to cause a new level entrepreneurial activity in the world. Apart from leading a portfolio of early stage ventures across the Asia-Pacific, it is committed to the education and training of corporate innovators. SME innovators and startup founders globally. 

Learn more here: http://www.engenesis.com/

2. Real Inbound Consulting
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Real Inbound Consulting Pte Ltd specialises in helping SMEs implement & secure grant funding for grant-supportable projects. Such projects include New Product Development, Digitisation and Overseas Expansion. Being recognised by Enterprise Singapore as Certified Management Consultants, it has handled a wide range of projects across its SME clients from a diverse set of industries. 

Find out more here: https://www.realinboundconsulting.com/