springnews Human Resource Management Do you have what it takes to attract, retain and develop the talents that makes your organisation effective? Answering Customer Demands CambRidge Institute grew by knowing and understanding its customers at home and abroad The Daughter of Invention Zimplistic Pranoti’s father encouraged her to take the household appliances apart Vol 1 No 7 / @ 2009 enabling enterprise Contents www.spring.gov.sg/springnews News Clips 1 Feature Story Are you a Dowager or a Progressive Entrepreneur? 4 SME Showcase Cambridge Institute 8 Zimplistic Pte Ltd 9 EDITORIAL TEAM Jennifer Yap ([email protected]) Estelle Koh ([email protected]) DESIGN & LAYOUT Kevin Loo PHOTOGRAPHY Ooi Cheong Administration Tan Meng Kiang PUBLISHING CONSULTANT Proof Perfect Pte Ltd ISSN 1793-8767 Please email your comments/feedback to: [email protected] Programmes 10 News Clips 1 Ministerial Dialogue with ASPRI To encourage more exchanges between the government and industry, SPRING arranged a series of ministerial dialogue sessions for key industry associations. Mr Lim Hng Kiang, Minister for Trade and Industry, met with the Association of Process Industry (ASPRI) on 20 May 2009 to discuss the industry’s outlook and plans amid the economic downturn. ASPRI updated on its LEAD projects, in particular the success of the inaugural ProcessCEM Asia 2008, a bi-yearly industry exhibition and conference which was held at Suntec Convention Centre from 22-24 October 2008. The event attracted over 100 exhibitors from 14 countries with $15 million in sales orders recorded. Moving forward, in anticipation of the immense opportunities in this area, ASPRI will be rallying its regional counterparts together to form an ASEAN Process Industry Association to give the region’s industry a global head-start. Minister Lim encouraged ASPRI to work closely with relevant government agencies to upgrade the capabilities of its member companies and industry. ProcessCEM Asia 2008 Sheng Siong’s Groundbreaking Ceremony Sheng Siong announced plans to invest $65 million in its new customised distribution centre at the ground-breaking ceremony on 1 June 2009. The new distribution centre will help support the steady growth of their supermarket outlets and increase efficiency of their supply chain processes. Located at Mandai Link, the 2.32 hectare site will also house Sheng Siong’s headquarters, including its back office functions. The event was graced by Minister of State for Trade & Industry and Manpower, Mr Lee Yi Shyan, who commended Sheng Siong’s efforts in developing their capabilities and increasing market presence both locally and regionally during these challenging times. He also encouraged other SMEs to tap on government assistance programmes to strengthen their capabilities in preparation for the economic recovery. (From left) Mr Tan Ling San, Executive Director; Mr Lim Hock Eng, Chairman; Mr Lee Yi Shyan, Minister of State for Trade & Industry and Manpower; Mr Lim Hock Chee, Managing Director and Mr Lim Hock Leng, Deputy Managing Director. TECS Awards Ceremony Another 21 technology start-ups have won $8 million grant support to bring ideas to market. These winners were selected from 220 submissions, bringing the total number of Technology Enterprise Commercialisation Scheme (TECS) awardees to-date to 38. They were evaluated on the commercial potential, scientific and technical strengths, cost-effectiveness and impact of their projects. Speaking at the TECS award ceremony at the Swissotel Merchant Court on 4 June 2009, SPRING’s Chairman, Mr Philip Yeo, urged entrepreneurs with innovative ideas to see this downturn as an opportunity to get ahead of the competition and be in a good position during the next upturn. He also announced that SPRING would be accepting TECS applications all year round to be more responsive to the needs of local entrepreneurs and start-ups. Mr Philip Yeo giving the address at the TECS awards ceremony. 2 News Clips Visit to CerealTech Mr Philip Yeo, Chairman of SPRING, visited CerealTech Pte Ltd on 9 June 2009. Established in 1995, CerealTech’s core business is in the research and development of enzyme-based microingredient systems and the application of such technology in the food manufacturing industry. CerealTech provides integrated solutions for food manufacturing operations, particularly for the grain-based industry. This includes micro-ingredient systems, process optimisation and support, technical and production solutions, product R&D, and training. Mr Philip Yeo tasting the bread made using CerealTech’s NatRise system, which uses natural yeasts from air. One of the key companies providing such service in the region, the majority of its micro-ingredient systems and integrated services are exported to 18 countries, with its top three export destinations being Asia Pacific, Middle East and Europe. Mr Foo Ko Kin, Managing Director of CerealTech shared the company’s expansion plans with SPRING. They see good market potential in emerging markets such as Afghanistan, Iran and Russia with the increase in the affluence and spending power in these countries. He also exchanged views with Mr Yeo on how SPRING and other government agencies can assist in their development plans. New Fashion Incubator for Young Designers Aspiring designers can now tap on the Fashion Incubator project, launched on 9 June 2009, as a retail platform and learn the business ropes of the fashion industry. A joint effort by Japanese retailer Parco and Textile and Fashion Federation Singapore (TaFf), and supported by SPRING, this 18-month project aims to groom 50 home-grown designers over a period of three years. Parco has set aside 6,000 sq ft at its 85,000 sq ft new store at Millenia Walk to house these new talents. Every year, the project will showcase 25 emerging designers, who will be offered a one-year lease at the Fashion Incubator. These designers will undergo a mentorship programme where they will be paired with a principal mentor who will oversee the product development, and a business mentor who will assist in the business development. PARCO@Millenia is expected to open in March 2010 and is currently selecting its first batch of designers. 36th ACE BlueSky Exchange – The Startup Story ACE, in support of the spirit of youth entrepreneurship, brought together several young entrepreneurs to share their start-up experience at the 36th ACE Bluesky Exchange, titled ‘The Startup Story’. Youth entrepreneurs of today ride on the trends of technology and adopt unique and innovative business models to bring their products and services to the masses. Through their sharing, ACE hopes to inspire more students and youths to follow in their footsteps. Business veterans like Elim Chew of 77th Street, and young entrepreneurs like Alvin Yap of TheMobileGamer, Elfaine Tan of Fr3B Pte Ltd and Nicholas Chan of Azione Capital, gave insights into the challenges faced by start-ups. Government agencies also took the opportunity to promote the assistance schemes available for these youth entrepreneurs. Held on 19 June 2009 at the SMU, the event attracted about 300 participants. News Clips 3 LEAD Circle Best Practices Sharing Session IE and SPRING jointly hosted the inaugural LEAD Circle Best Practices Sharing Session on the 18 June 2009. The event received a hearty response, with over 80 participants from 24 Business Federations, Chambers of Commerce and Industry Associations. IE and SPRING provided an update on how LEAD Associations have been pro-active in helping members during this difficult economic period. They also highlighted the schemes available to help LEAD Associations upgrade themselves such as the Secretariat Training Programme and the Business Advisors Programme. The highlight of the day was a Blue Ocean Strategy presentation by Mr Carl Thong and Mr David McDonald of Macsimize Consultants. They exhorted participants to think beyond the existing business environment in coming up with innovative ways to grow businesses. They cited how our local furniture industry and the Singapore Furniture Industry Council had explored ‘Blue Oceans’ by banding together to seek growth overseas, rather than in the crowded local retail space, and by building on key niche capabilities such as environmentally-friendly furniture. CCI for Hospitality The Customer-Centric Initiative (CCI) for Hospitality is the latest addition to the CCI programme. Now into its fifth year, the CCI for Hospitality umbrella includes hotels, serviced apartments, attractions, tour and travel services, MICE and events. Launched on 22 June 2009, the initiative attracted on board about 51 companies, representing 37% of the accommodation providers in Singapore. Minister in the Prime Minister’s Office and NTUC Secretary-General, Mr Lim Swee Say, commended these companies for having the foresight to want to train, encourage and empower their staff to put customer satisfaction first. The Singapore Hotel Association (SHA), in partnership with SPRING, also announced the first Industry Mystery Audit Programme for hotels in Singapore. Through the programme, SHA members will be able to gauge their overall service competitiveness, benchmark against local and international companies, and identify any gaps in their service provision and training through the findings. Launch of CCI for Hospitality SAC Forum cum Assessor Enclave The Singapore Accreditation Council (SAC) held the SAC Forum cum Assessor Enclave on 29 June 2009 at the Chevrons to raise the competence of SAC’s volunteers. The annual event aims to foster closer working relationships, especially between the assessors and conformity assessment bodies (CABs), through networking and experience sharing. The theme was “Ensuring Competence through Accreditation”. At the event, about 33 assessor awards were given out to thank the volunteers for their contributions that have led to the success of the SAC accreditation programmes. Ms Chang Kwei Fern, Director of Accreditation, SPRING, shared SAC’s five years’ road map and urged all volunteers to continue upgrading their competency to raise the bar of accredited conformity assessment bodies. She also expressed the need to develop more conformity assessment bodies to support the growth and needs of the key industries anchoring in Singapore. The event attracted about 150 participants. Currently, there are more than 200 CABs and about 200 active volunteers involved in the SAC accreditation programmes. 4 Feature Story Are You a Dowager or a Progressive Entrepreneur? More than staff bonding events, newsletters and hiring new staff, human resource management is about how you strengthen your ability to attract, retain and develop the talent that makes your organisation effective. While there are vast differences in the business priorities of an emerging enterprise trying to make its mark on the local scene and a growing enterprise that has already penetrated overseas markets, all are SMEs that the government is encouraging through its HR Capability Package to put in place a structured HR framework to enhance their ability to attract and retain valuable staff. Taking a broad look at how SMEs manage their staff, they fall roughly into two categories: the Dowager and the Progressive Entrepreneur. The dowager business is usually a long-running business that has started out as a single store. The business may have expanded, however, its archaic style of management hasn’t changed over the years. Old ideals and perceptions govern how they manage their workforce. Salaries tend to be below market rate, promotions are based on “gut feel” or family connections rather than by performance, and in some cases, no employment contract exists at all. The progressive entrepreneur business on the other hand is a modern start-up led by owners who want to grow their business and have their people grow with them. They know the importance of developing a culture consistent with their values and set out clear key performance indicators (KPIs) to monitor growth. However, their success has got ahead of them, and the company has grown beyond their HR management capabilities. In many cases, the boss himself still tries to control each minute aspect of the business and is reluctant to hand over control to his staff. To move beyond this stage, a degree of control needs to be relinquished and trust given to the employees. HR needs to be developed as a significant function within the company and a competent HR manager hired to oversee the changes needed to help the business grow. The progressive entrepreneur is also starting to recognise the need to employ competent staff, pay competitive salaries and provide training so that they have the right people in the right positions. With employees ranking high up among business costs, both types of companies would do well to take a closer look at enhancing their HR management capabilities. Developing the HR potential Since it is well recognised that organizational performance can be enhanced through the strategic management of human resources, and that companies that can attract the best talent generally win, why is HR still not a top priority in many SMEs today? Feature Story 5 “While the intentions are in place to strengthen their HR practices, many SMEs frequently lack the know-how needed to put the right systems in place, one that has the various components of recruitment, pay, benefits, training, performance management and career planning working together as a cohesive system, rather than in silos or as ad-hoc features,” explains Ms Miranda Lee, Partner, Ernst & Young Solutions LLP. This is where the HR Capability Package comes in useful. Developed jointly by SPRING Singapore and the Singapore Workforce Development Agency together with Ernst & Young, the package provides the framework and guidelines to help SMEs identify their HR gaps and implement good HR practices and processes to attract, develop and retain staff. This easy-to-use DIY package provides tips and pointers to address specific HR issues, delving into details such as developing a base pay structure, setting up an employee referral programme, and moderating performance ratings. For SMEs new to HR functions, there are handy tools and templates that will help in implementing critical HR functions. Becoming the choice of the new generation “Economics is not the only hurdle smaller SMEs face when attempting to enhance their HR capabilities. For these enterprises, attracting and retaining the right staff is a challenge, not only because their HR capabilities are weak, but because their brand is, too!” says Ms Lee. To add salt to the wound, the majority of job seekers today are the Gen Y crowd – a demographic that is more demanding than the existing Gen X employees. Gen Ys tend to be more vocal in their demands for rapid career progression, and don’t think twice about giving up a secure job to pursue “greener pastures”. They are selective about the companies to work for, often turning the tables on the interviewers by grilling them about the career paths available and at what speed they could expect to move ahead. SMEs with no clear HR policies in place would simply not have a hold on these driven and demanding self-starters. “The Career Management module of the HR Capability Package will in this instance be a much needed tool for HR Capability Package helps Suki Sushi to provide clear and fair guidelines to its employees. SME bosses to help them develop appropriate career development paths for their staff. Implemented together with the other modules in the package, it will hence enhance the SMEs’ ability to attract and retain valuable staff with progressive HR policies, build stronger employer branding and becoming the choice employers of the new generation,” adds Ms Lee. No longer raw to HR management Suki Sushi, for one, has certainly seen results. Before implementing the HR systems from the Package, many of the company’s HR policies were implemented on an ad-hoc basis. There was no Employee Handbook to outline the basic employment policies and HR matters, neither was there a proper system for documentation, hence staff promotion and appraisals were based on the number of years in service and bosses’ “gut feel”. Recruitment interviews were conducted in a haphazard manner, with the various outlets clueless about how to assess candidates for suitability. When staff resigned, there were also no exit interviews to find out why they were leaving. The situation is quite different today, notes Mr Roger Soh, Group HR/Operations Manager. “After embracing the HR Capability Package, job descriptions and responsibilities were put in place, and Performance Appraisal Forms were created to ensure that employees are appraised based on their competencies, performance and contribution to the company.” Every employee is now given an Employee Handbook to ensure that there is a common understanding of company policies and regulations. We have also gained many insights from exit interviews, which enabled us to address unfavourable issues and to retain our staff.” Mr Soh finds that having well-structured HR policies enables the company to provide clear and fair guidelines for all its employees. “Having updated HR policies in place means that all employees are aware of what kind of qualities and behaviour we value in the company, which in turn enhances productivity and efficiency in working towards our business visions and objectives,” says Mr Soh. “The company has also gained a positive image and reputation, which will help us as we recruit new talent.” Achieving clarity from sound HR practices Yet another company, Atlas Sound & Vision, has benefited from improvements resulted from the clarity in structuring payment and work policies, and being better able to identify and assess training needs. “We conducted our first company-wide performance evaluation based on the model provided in the HR Capability Package. The feedback we received from staff brought up a number of important issues that had not previously been the focus of the company,” explains Sherwin Tien Siregar, Senior Manager, Business Development. One of the issues they realised was that as the company had grown in employ- 6 Feature Story ment size, a substantial inequity in pay for the same position had developed over time. The Compensation & Benefits module in the HR Capability Package allowed Atlas Vision & Sound to look more critically at its hiring, compensation and benefits policies to ensure that these strategies were competitive with the market, and had the in-built flexibility to complement the company’s growth cycles. “Had we continued with our earlier practices, this would have gone under the radar and it may have cost the company valuable staff,” adds Sherwin. Another area that has improved is in managing employee training. Atlas has always recognised the need to invest in training, spending some 2-3% of its payroll on it annually. With the Learning & Development module in the HR Capability Package, the company has been able to better identify specific and relevant training needs for staff based on their areas of responsibilities and career goals. This benefits the company, as clearer identification of training needs has enabled them to make their investment dollars count for more, and also the employees, who are better equipped to make an impact in their work. Atlas has now hired a HR Manager to better manage the company’s human resources. This is in line with the company’s belief that having a sound HR system is critical in supporting the various business functions in the company. Atlas envisions developing an empowered workforce which drives extraordinary results, and at the same deriving greater job satisfaction and personal fulfilment. “It is my belief that employees make the company. If you want your company to be great, you need employees that can perform at their best,” says Sherwin. “Our personal experience is that only engaged and motivated employees are able to consistently deliver results.” SMEs: Future talent magnets? According to Ms Lee, many companies are simply looking to survive the present economic downturn crisis. “The priority for them is cash flow – raising capital and managing collections as clients start to push for extended credit terms up to 90 days or more. When such companies are battling for every penny, HR concerns tend to take a back seat,” she adds. However, companies should actually take advantage of the downtime HR Capability Package has helped Atlas to better identify training needs. during the economic slowdown to position themselves for the boom ahead. The HR Capability Package is a good way to start, as a sound HR framework will stand them in good stead at any stage of their growth. As more SMEs make the effort to put in place solid HR structures to develop, recognise and reward their people, there may come a day when the playing field will be levelled and job seekers no longer see the size of the company as the most important consideration – what they will see are the opportunities within SMEs that can develop them to their full potential. How the HR Capability Package can help The HR Capability Package is an easyto-use DIY package that companies can apply on their own to identify and address gaps in their HR capabilities, then take active steps to implement sound practices and processes that remove the guesswork from HR decisions. The HR Capability Package is designed to help SMEs improve and strengthen HR management capabilities by addressing HR gaps and promoting good HR practices in the following six areas: ➊ Manpower Planning: Assessing current workforce capabilities, demographics and determining future workforce requirements. ➋ Recruitment and Selection: Soliciting applicants and assessing their suitability to fill recently-vacated or newly-created positions. ➌ Compensation and Benefits: Designing and managing market-competitive compensation and benefits strategies and programmes. ➍ Performance Management: Maintaining or improving employee job performance through objective-setting, appraisal, coaching and feedback. ➎ Learning and Development: Planning for and conducting activities that develop employee capabilities, knowledge and know-how to meet business, organisational and individual needs. ➏ Career Management: Establishing policies and processes which enable employees to set career objectives and determine appropriate educational and developmental programmes to further develop their skills to achieve short-term or long-term career objectives. For each of these areas the package covers: –Framework and key guidelines on how to execute the HR activities and functions –Tips and pointers on how to manage specific HR matters –Tools and templates which companies can use immediately, or with some customisation, to meet company needs. The HR Capability Package is available for free online download from the website of the Singapore National Employers Federation (SNEF) (www.snef.org.sg). SNEF also conducts training workshops to help SMEs use the package. To register for the training course, please email to: [email protected]. Feature Story SPRING-SNEF FREE HR ADVISORY & INFORMATION SERVICE for SMEs 7 The Singapore National Employers Federation, in collaboration with Spring Singapore has launched a new Human Resource Advisory and Information Service for Small & Medium-Sized Enterprises (SMEs). This Service is targeted at Singapore-based SMEs with an employment size of up to 200 employees. The services provided are as follows: a. FREE HR Advisory Service via phone: Enquiries on HR matters can be made via calls to the smehr@snef hotline: 6221 2334. This service is available Mondays to Fridays (9.00am to 5.30pm) b. FREE HR Advisory service via email: All email enquiries can be sent to: [email protected] c. If necessary, HR Consultants can arrange for a face to-face meeting to discuss the HR matter in more details. d. To help SMEs meet their HR capability needs, SPRING Singapore and the Singapore Workforce Development Agency (WDA) have jointly developed a HR Capability Package to improve and strengthen SMEs’ human resource management capabilities by addressing HR gaps and promoting good HR practices. If you have any queries and/or clarifications, please call Mr Kee Chia Choon, Director, smehr@snef, at Tel: 6324 0437 or email: [email protected] or Mr Stephen Wong, Executive (HRM Projects), at Tel: 6324 1481 or email: [email protected] 8 SME Showcase Cambridge Institute A home-grown educational establishment that grew by knowing and understanding its customers at home and abroad. Answering Customer Demands When founder of the successful, homegrown Cambridge Institute, Mr Edwin Chan, set up the business in 1997, starting a school was the last thing on his mind. Taking advantage of the recession at the time, Mr Chan started a sole distributorship, selling self-study language material. However, a customer satisfaction survey six months later revealed that some of his customers found it difficult to learn without the support of classroom learning, so Cambridge Institute was born. “Customer satisfaction is the most important ingredient of successful business,” explains Mr Chan. “I set up our first classroom to help the six students who responded to the survey requesting classroom teaching as support. It was never my intention to build a school, I just wanted to see my customers satisfied!” Expanding at home and abroad Today Cambridge Institute offers 26 different languages in five convenient locations across the island: 23 classrooms out of Peninsula Plaza near City Hall, three in Jurong, three in Simei, four in Adelphi, and a recently leased four-storey building on Race Course Road to further expand its local course offerings. The business has also expanded overseas and currently operates in China, Vietnam and Indonesia, with plans now in motion to set up in Melbourne, Australia. “SPRING and IE have been instrumental in helping us expand overseas. As they carry the brand name of Singapore, it is easier for us to connect with the right parties overseas by having them facilitate the necessary introductions,” says Mr Chan. “For example, with introductions recently made by SPRING, we were able to immediately establish the right partnerships to move into Australia.” Creating a win/win environment for all Negotiating in each country requires different skill sets and specialised knowledge of the local language. “We realised early on that we needed to really understand the language and culture of the countries we wanted to expand into in order to make the business a success,” explains Mr Chan. “To overcome these barriers, we hire locals and offer these individuals training in Singapore. Our people are our most important assets. When everyone is happy, and motivated towards the same business goals, success is on the cards.” This is the win/win situation which Mr Chan seeks to achieve in all his business arrangements. By understanding the culture and environment in each country, Mr Chan was able to adopt the appropriate and different business models to facilitate growth. While Cambridge Institute set up its own school in Batam, Indonesia, it works in collaboration with partner education institutions in the other countries. In China, Vietnam and Australia, it offers language support for students studying at its partner universities and also operates the same arrangement in boarding schools in Vietnam. A natural progression Asked the secret to the continued success of Cambridge Institute, Mr Chan explains that it is all down to identifying opportunities and meeting demand. “Expanding our range of courses became an obvious next move.” Cambridge Institute today conducts not just language courses, but has expanded to offer a variety of other programmes including business management, journalism, entrepreneurship, and – with its most recent building acquisition on Race Course Road – music and dance. Quality assured But excelling takes more than just meeting demand. Mr Chan is committed to offering quality, not just in terms of the depth of courses on offer, but in how it services its customers. Having the right systems in place to deliver this quality was an important step in the growth of the company. “We needed to know where we stood in terms of quality if we were going to achieve our vision of being a leading school in Asia,” Mr Chan affirms. So Cambridge Institute applied for and obtained ISO 9001:2001 in 2004. The move immediately boosted the institute’s credibility and resulted in an increase in enrolment. It was awarded CaseTrust status in 2005 and registered with China’s MOE in 2007. Receiving Singapore Quality Class (SQC) in 2007 also made business in China easier for Cambridge Institute because it meant being able to offer its China students an easier pathway to an education abroad. As an SQC-certified institute, its China students go through a quicker application process and don’t require a banker’s guarantee. Giving advice to business owners looking to expand overseas, Mr Chan offers up two important pieces of advice: “Firstly, go all out to satisfy your customers. No matter which country you go into, if you don’t address your customers’ needs, you won’t succeed. Secondly, make sure you understand the language and culture of the country. Hire local people and seek the support of government institutions to give you the right introductions.” SME Showcase 9 The Daughter of Invention Her father encouraged her to take the household appliances apart Zimplistic Pte Ltd Next time you are about to tell your children “Don’t touch”, think of Pranoti Nagarkar Israni and you’ll probably hold your tongue. This entrepreneurial inventor’s natural-born curiosity was nurtured and encouraged by her parents. “He never stopped me from removing the casing from the TV and other household appliances so I could find out how they worked!” she laughs. While some of the appliances may not have gone back together as planned, it all worked out right in the end, as Pranoti prepares to launch her next new invention Rotimatic, an automatic chappati maker. Saving the “endangered” chappati This NUS graduate was inspired to her latest invention in part to save the “endangered” chappati and in part to allow her mother and millions like her to be able to join the family table instead of slaving over the stove making one individual chappati after another. “The trouble is that chappatis have to be eaten hot off the stove, so the cook is usually the last to sit down to the table after everyone else has finished. And now in India, as more women work, they no longer have the time to make chappatis. This traditional staple of the Indian diet is slowly being replaced by rice and ready-made bread forms,” Pranoti explains. It is obvious that the Rotimatic will satisfy a demand, not just in India, but in kitchen’s across the world as the art of chappati-making can be simplified to a “enter a number and wait” process. Pranoti’s dream is that kitchens worldwide will have the Rotimatic positioned beside the rice cooker and the toaster. However, the path to invention has not gone smooth for this never-say-die inventor and entrepreneur. Working towards her dream Upon graduation from the School of Mechanical Engineering at NUS, Pranoti joined Innovasia and worked on Philips projects for two years. The experience proved highly valuable. “I got to witness the entire product cycle, and this gave me the confidence to branch out on my own and invent my own products,” she explains. She quit her job in June 2008 and registered her own company. It was important to have a proof of concept to be able to raise more money. With her savings of $20,000 and an office space given to her by NUS Entrepreneurship Centre, she built her own mini workshop. In two months, the proof of concept was ready and NUS recommended her for the YES! Grant. Within 6 months, she was awarded the YES! Grant, which enabled her to hire a full-time electronics staff. Today, she is working on making this version more robust, smaller in scale and compliant to the required safety regulations. Winning the hearts of investors Winning the Startup@Singapore competition in the Open category has gone some way to moving the product closer to market. The resulting publicity in the Sunday Times won Pranoti interest from several investors, and negotiations are currently in progress. With plans to launch Rotimatic commercially in 2011, Zimplistic is at present in talks with a MNC to secure a licensee deal. “Our immediate concern is protection of our copyright. Although we have registered our patents, which are pending, we have to tread carefully. Part of the grant funding is going towards the costs of patent filing and legal advice to protect our interests.” So why is Zimplistic not going it alone? As Pranoti explains: “As a start-up company, it is more advantageous for us to work with a larger company than to compete with them. We can use their distribution channels, license the product to them and collect the royalties.” Pranoti places part of the success of Rotimatic on the infrastructure set up in Singapore for young inventors such as herself. “It provides support,” she explains from her present office and workshop located at NUS Entrepreneur Incu- Pranoti places part of the success of Rotimatic on the infrastructure set up in Singapore for young inventors such as herself. It provides all the support she needs to develop and launch our products. It’s just a question of knowing where to go and what is available. bator. “Here we have all the support we need to develop and launch our products. It’s just a question of knowing where to go and what is available.” Backed by such support, Pranoti is spurred to continue her inventions. “We have many more ideas in the pipeline,” she enthuses. Of course this is as much as she is prepared to reveal at the moment to keep her ideas protected. We’ll just have to wait and see. 10 Programme Singapore Quality Class About the Certification Singapore Quality Class (SQC) is the certification for organisations which have achieved the Business Excellence Standard. In other words, it is a national recognition for organisations with management systems and processes in place to achieve all-round business excellence. SQC is one of the four certifications under the Business Excellence Framework. Who can Apply Businesses of all types and sizes can apply to SQC. It is particularly relevant to businesses who want to take a wellrounded and holistic approach to business excellence. Application Criteria Your company must adopt and strive to meet the Business Excellence Standard. When you are confident that your company has achieved it, you may submit the application form to SPRING. SPRING will assign certified assessors to evaluate your systems and processes based on the Business Excellence Assessment for Continuous Improvement (BEACON) self-assessment tool. If your company score at least 400 out of 1,000 points in the assessment, you will be awarded the SQC. If your company scores 700 or more points, you will be shortlisted of the Singapore Quality Award (SQA). Benefit of SQC Your company can use the SQC logo on all your collaterals. The logo is a mark of excellence that shows your business excels in all the key areas of your business. Continual Assessment To ensure that your management and systems are working well continuously, SPRING will conduct a mid-term review 1½ years after you have been awarded the SQC. Three years after your certification, you will need to renew your certification. Young Entrepreneurs Scheme for Startups (YES! Startups) About the Programme YES! Startups was launched on 18 November 2008 with the objective of nurturing and encouraging youths to be enterprising and innovative through ‘hands-on’ entrepreneurship learning. This scheme will provide funding support for youths to set up their innovative startup. Who can Apply YES! Startups is available to applicants who meet the following eligibility criteria: Singapore citizen or Permanent Resident, below 26 years old on the date of application (before 26th Birthday) Parental consent must be sought for those below 18 years old First-time entrepreneur Incorporation of a private limited company (upon approval) with its business activities wholly or mainly based in Singapore. Evaluation Criteria Business proposal will be evaluated based on the following criteria : Innovativeness of the Business Idea How different/novel the idea is against what is already available in the market? Feasibility of the business model Is the business model viable and potentially sustainable? Potential market opportunity Will the market demand and buy such an item? Applicants are encouraged to approach their schools and alma mater for advice on setting up a business. At the same time, applications supported by the schools in at least one of the following three areas can benefit from a ‘green lane’ approval: a. At least half of the money raised by youths to qualify for co-matching to come from the institutions of higher learning (IHLs), b. Start-ups make use of Intellectual Property (IP) owned by IHLs, or c. IHLs incubate and mentor new starts-ups for at least 12 months. Financial Assistance SPRING Singapore will match S$4 for every S$1 that you raise through selffunding, schools or third-party sources, the grant is capped at S$50,000. For example, if you apply for a S$40,000 grant, you must match this with a S$10,000 investment. The grant can be used for business development expenses such as: – Manpower and operating expenses – Purchase of equipment, software, materials and consumables materials – Acquisition of intellectual property (IP) rights – Professional services Marketing/promotion activities The Singapore Human Capital Summit 2009 is a premier conference on managing and developing human capital, organised for Asia, in Asia. 12 Programme Customer-Centric Initiative (CCI) by SPRING and NTUC, with representatives from WDA, STB and the Singapore National Employers Federation (SNEF), this multi-agency effort is supported by the respective industry associations. About the Programme The CCI, launched in 2005, is a national effort to encourage companies to be committed to service excellence and to take the lead to raise service standards in their industry and transform Singapore’s service quality. Chaired Objectives To transform service level of companies in key service sectors and improve service ranking To create impactful and visible outcomes to local consumers and tourists To promote widespread outcomes and motivate others To develop specific measurable indicators to assess impact of movement Who Can Apply Companies in the Hospitality, Retail, Food and Beverage, Healthcare, Transport and Tourism sectors. Assistance Package A total assistance package has been specially developed to assist companies in their service quality transformation. It covers: The Service Excellence framework that provides companies with a total approach to service excellence - Service Leadership, Service Agility, Customer Experience and Customer Delight. Funding assistance of up to 50% for companies to develop service strategies and service blueprints, set service standards, reinforce service systems, conduct service audits and certify to Singapore Service Class The Workforce Skills Qualifications framework (WSQ) that provides companies with a system to train their staff on service competencies Technology Enterprise Commercialisation Scheme About the Programme The Technology Enterprise Commercialisation Scheme (TECS) provides vital resources to help convert breakthrough R&D concepts and proprietary IP into promising businesses. By addressing early-stage funding gaps, TECS aims to help technology enterprises and entrepreneurs in Singapore to grow past their embryonic phase, secure third party funding and achieve growing revenues. Who can Apply Technology entrepreneurs and SMEs can all apply. They should meet the following criteria: Physically present in Singapore Registered/incorporated for less than 5 years at the time of the award Has at least one in-house technology engineer or scientist Individual Principal Investigators, as well as research scientists and engineers from public sector research organisations are also considered for funding under the Proof-of-Concept phase How does TECS Work TECS is a competitive grant in which proposals are ranked based on the evaluation of a team of reviewers, and the best proposals are funded. It covers both Proof-of-Concept and Proof-of-Value proposals. The areas of focus are: Electronics, Photonics & Device Technologies Chemicals, Materials Science, Nano Technology Information and Communications Technology (ICT) (excluding Interactive Digital Media) Biomedical Sciences (excluding Drug Discovery) Evaluation Criteria 1.Strength of the scientific or technical Idea 2.Ability to successfully carry out the project 3.Commercialisation potential 4.Economic benefits to Singapore How to Apply Proposals can be submitted through the TECS website http://www.spring.gov. sg/tecsportal. Qualifying submissions will be batched for reviews on a regular basis (about once every 2 months). Ensure Business Continuity Stay Prepared. Tips for businesses to strengthen their resilience In a crisis, the ability to deliver and function will be key to business survival. The right measures can help to minimise the risks and costs by ensuring the safety of employees and the continuity of business in the event of a real crisis. The Flu Pandemic Business Continuity Guide, developed by SPRING Singapore, cites practical measures that businesses can adopt to keep the flu outbreak at bay. It will be a stepping stone towards the certification to SS540, the Singapore standard for business continuity management (BCM). SS540 also allows businesses to assess, plan and strengthen the resilience of its value chain of suppliers. How Aik Moh Paints readies itself to operate during the flu outbreak Aik Moh Paints and Chemicals has well-structured procedures such as temperature monitoring of staff and visitors, quarantine order for staff who travelled to affected countries and isolation of staff with flu-like symptoms. It has planned redundancy facilities with two chemical plants, fully equipped with facilities and resources to ensure continuation of operations if one is forced to shut down. To better handle unforeseen circumstance and ensure business continuity, Aik Moh has established a special BCM team in each plant. They are trained and equipped with medical knowledge and are able to take appropriate emergency steps in cases of flu pandemic or other crisis. Aik Moh is currently working closely with its business partners on a potential consortium project on SS540 certification. “Our company strongly recognises the criticality of having a Flu Pandemic Contingency Plan and the need to build on it to a complete BCM,” said Executive Manager, Roy Tan (below). “Recently, we have received several customers’ requests to have BCM. It is important for us to be BCM-ready to ensure business resilience and give confidence to our customers.” For more information, please contact the Singapore Business Federation. Tel: 6827 6867 or email: [email protected] URL: www.sbf.org.sg SPRING Singapore 2 Bukit Merah Central Singapore 159835 main tel: +65 6278 6666 fax: +65 6278 5414 www.spring.gov.sg www.business.gov.sg
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