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SME Management Action for Results (SMART) Initiative


The SME Management Action for Results (SMART) Initiative provides Singapore-based SMEs with consultancy advice and funding support to develop management systems and processes. Under the SMART Initiative, SMEs develop a roadmap to build their business capabilities in key business areas.

Enhanced funding of 70% of the actual qualifying cost for consultancy incurred by the company on the project, subject to a total maximum grant of S$3,500, is provided. A qualified business excellence consultant will work with the management team for 5 man-days over 2 to 3 months.

On completion of the Roadmap, participating SMEs can initiate improvements to address the gaps identified in their management systems and processes. These improvement projects may be implemented either under LETAS or other existing government schemes, subjected to the company’s capabilities, areas of improvements and eligibility criteria of the schemes.


You may apply for the SMART initiative if your company meets these criteria :

  • registered or incorporated in Singapore
  • at least 30% local shareholdings
  • company’s fixed assets investments (at net book value) must not exceed S$15 million*
  • employment size must not exceed 200 employees* (for companies in service industry)
  • at least S$2 million in sales turnover
  • at least 3 years of business operations

* Computed on a group basis

How to apply?

Hotline : 6898 1800
Email : enterpriseone@spring.gov.sg
Wesbite : www.business.gov.sg

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