That’s how much the government is going to set aside to spur employee training for the next 5 years, Minister for Manpower, Gan Kim Yong, said in response to a question by MP Ho Geok Choo, during the recent Parliament session.
Besides expressing the government’s continual support for workers’ upgrading, tax-relief from approved Continuing Education and Training (CET) course fees for individuals will also be increased from $3,500 to $5,500.
Started in 1995, Mr Bean is the leading chain soya bean food & beverage retailer in Singapore today. With more than 30 outlets located islandwide, Mr Bean offers a variety of soya bean drinks and snacks. Young and old can enjoy refreshing shakes, ice blended flavoured soya drinks, ice-creams, pastries and more. Adopting a fast food concept, Mr Bean possesses the experience and technology to produce fresh and delectable product offerings with traditional nutritional value. Today, Mr Bean prides itself on a strong corporate philosophy – where constant research goes into producing healthy and creative products.
Hot after the heels of the whole Google v. China, may I present to you, Goojje.com. China’s answer to Google, without the whole ‘anti-censorship’ crap.
Goojje is a play on the chinese enounciation of the word ‘Google’. Google sounds like Goo-哥, so Goojje is supposed to say Goo-姐.
Martell is asking you to submit your business idea on what to do with a 760 sq ft retail space in Clarke Quay and you stand to win executive training at INSEAD as well as the space itself.
More details can be found at SGEntrepreneurs who’ve done a great writeup on the program.
Just heard about this relatively new scheme (it was announced in July 2009) from Far East Organization. The scheme, known as ‘Rental Space for Equity Programme’, looks to encourage first-time entrepreneurs looking to start their retail business but do not have the necessary capital to pay for rental space.
They have 6 participating malls are
Central (Clarke Quay)
Pacific Plaza (Orchard)
Far East Square (Near CBD)
Square 2 (Novena)
Orchard Central (Orchard)
West Coast Plaza
According to their press release, elgible tenants under this scheme will issue Redeemable, Convertible, Cumulative, Preference Shares (RCCPS) in lieu of their monthly base rent, with a cumulative dividend of 4% per annum.
After 1-2 years, they could opt for redemption, or redeem it at the end of the two/three year lease. Far East Organization also in this case, may convert their issued RCCPS to ordinary share.
Far East Organization are looking for vendors with exciting new brands as well as existing retailers who want to expand their stores and presence in Singapore.
If you think you have the mad chops, why not give it a try, it sounds like a pretty good deal when you’re just starting out.
Editor Note:When visiting their website, in order to view the brochure and press release, you will have to save it to your system first and rename it to add the .pdf extension. At the current press time, it would appear that the files downloaded from the site, does not come with the necessary file extension. We’ve wrote an e-mail to Far East Retail to inform them about this error.
Jan 1st 2010. A date which for better or worse signals the end of an era of television programming on our public transportation system. TVMobile, Mediacorp’s mobile television network, has ceased its broadcast at 12am this morning.
While no more television programming will be shown on the display units, there is still potential for other kinds of information like, arrival time, weather and other non-intrusive data. What do you think? What kind of information would you like to see on your daily bus commute?
For those who’ve missed Joi Ito and crew at the Neoteny Conference this month, the guys over at SGEntrepreneur has given us the heads-up on one of the discussion at the conference, “Starting Up Start-ups”
NRF sets aside S$50m to nurture early stage high-tech start-up companies
SINGAPORE: Singapore’s National Research Foundation (NRF) has announced the selection of seven incubator managers under its Technology Incubation Scheme (TIS).
The managers are tasked with nurturing early stage high-tech start-up companies, and S$50 million has been set aside for this.
The initiative is part of the 360-million-dollar National Framework for Innovation and Enterprise programme, announced by Prime Minister Lee Hsien Loong in March 2008.
Under the scheme, the NRF will provide up to 85 per cent co-investment in each start-up company identified by the selected incubator managers, up to a maximum of S$500,000 per company. On the other hand, the incubator manager will be required to invest at least the balance of 15 per cent in the start-up.
As an incentive, the incubator manager will be given an option upfront to buy out NRF’s share in the invested start-ups within three years of investment, by repaying the capital plus interest.
NRF said this way, the government will share the downside risks of the investments.
The seven incubator managers chosen from a pool of 32 are: Clearbridge Accelerator; I2G Tech Accelerator; Neoteny Labs; Plug & Play; Social Slingshot; Small World Group; and Stream Global.
This is great news, looks like our local startup scene is about to get hotter!
If anybody have any information about the other incubators, please let us know in the comment section below! We’d also like to encourage our users to check out this new community-run documentation project called ‘Startup Lah’, a wiki for startup information, and help to contribute information into its repository.
Update 2:
Reader wangkw has given us the link to Plug & Play Tech. Thanks!
