In a bid to bring enterprise-level advisory services closer to SMEs, Singapore’s Association of Small and Medium Enterprises (ASME), North East Community Development Council (NECDC) and SPRING Singapore have launched yet another Enterprise Development Center (EDC) in Singapore’s third largest residential area, Tampines.
Prior to the opening of EDC@NorthEast, there were five EDCs located at the Chinese, Malay and Indian Chambers of Commerce as well as ASME and the Singapore Manufacturers’ Federation.
Singapore Company Registration specialist Rikvin supports the move, recognizing it as a means to help small enterprises turn around their businesses at the grassroots level. In gist EDCs provide the following free business advisory services to SMEs on the following issues:
- Productivity and innovation management
- Business roadmapping and planning
- Workplace safety and health
- Technology innovation
- LEAN in services/manufacturing
- Six Sigma
- RFID barcoding
- Cold chain management
- Sustainable manufacturing
- Enterprise Resource Planning
- Overall business improvement
- Venturing overseas and
- Work-life balance.
“The array of services offered through EDCs are vital to keeping operations sustainable and effective. By bringing these services closer to the heartlands, small enterprises will be better positioned to reap higher returns and see their businesses take flight. They can also learn about and take full advantage of the resources that are available to SMEs that have chosen to form a Singapore company,” said Mr. Satish Bakhda, Rikvin’s Head of Operations.
To date, as many as 15,500 SMEs have benefitted from the advisory services and resources offered through EDCs. The EDC@NorthEast is set to reach more than 700 SMEs per annum.
“We are optimistic that the move to go deep into the heartlands will encourage more people to be entrepreneurial. By offering closer access to resources, individuals and owners of small enterprises may be more inclined to tap business resources that may have seemed distant before and in turn, encourage others to take that entrepreneurial leap as well. The move to go “inland” is a symbolic one, and we recognize this move as vital to driving entrepreneurialism in the heartlands,” added Mr. Bakhda.