Businesses in need of funding can turn to the traditional sources such as banks and financial houses, and institutional support such as venture capitalists and private funds.
The Singapore Government also provides funding to both Singaporean and foreign companies.
Spring Singapore, a statutory board of the Ministry of Trade and Industry, offers numerous financing opportunities for start-ups and small businesses, such as the Spring Startup Enterprise Development Scheme (SEEDS).
Innovation in business and products is encouraged through schemes such as the Incubator Development Programme and Business Angels Scheme.
Spring Singapore also announced a slew of Business Financing Enhancements for existing companies that took effect from February 2009. These cover loan programmes for companies of varying sizes and reach. The Micro Loan Programme, for example, offers loans of up to $100,000 to startup and small enterprises.
The EnterpriseOne Portal by Spring Singapore, a government agency dedicated to aiding enterprise growth, also offers a comprehensive list of government grants for various purposes, from training subsidies and technology upgrades to improving work-life balance among your employees.
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