Small-medium enterprises or SMEs will soon be able to boost their - TopicsExpress

Small-medium enterprises or SMEs will soon be able to boost their capabilities through an enhanced voucher scheme. Beginning March, they can apply for a 5 thousand dollar voucher, under the Innovation and Capability Voucher scheme. This will go towards offsetting their expenditure as they implement solutions in four areas: innovation, productivity, human resources development and financial management. This includes professional services, and equipment and hardware. Minister of State for Trade and Industry Teo Ser Luck announced the enhancement, following a walkabout at Alexandra Village, this morning. Each SME can apply for up to two vouchers to implement solutions. Under the existing scheme, theyre eligible for eight vouchers in total - the rest of which goes towards consultancy services. The scheme was first launched in July 2012, with a budget of 32 million dollars for four years. Another 10 million dollars will be pumped into the scheme, bringing the total budget to 42 million. To date, 3 thousand vouchers have been distributed.

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