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Singapore’s central bank to launch $55m grant for Equity Market Singapore

According to a press release, Singapore’s central bank is launching a US $55 million (SG $75 million) grant to help enterprises seeking to raise capital through Singapore’s equity market.

The grant for equity market Singapore (GEMS), will take effect next month and is set to run for three years.

The Monetary Authority of Singapore (MAS)’s grant is made up of three components and follows other programmes for the bond and private equity market initiated in previous years. The Listing Grant, the Research Talent Development Grant, and the Research Initiatives Grant are a part of the scheme.

The Listing Grant will facilitate enterprises seeking a listing on Singapore Exchange (SGX).

Enterprises will be able to apply for the Listing Grant under three tiers, with the scheme co-funding 70% of eligible listing expenses up to US $739,000 (SG $1 million) for ‘new technology sector’ enterprises with a minimum market capitalisation of US $222 million (SG $300 million). New technology sector enterprises do business in the areas of fintech, digital consumer tech, on-demand services, and gaming services and peripherals.

The GEMS Listing Grant will co-fund 20% of eligible listing expenses up to US $369,000 (SG $500,000) for ‘high-growth sector’ enterprises, with a minimum market capitalisation of SG $300 million. High-growth sector enterprises include digital clusters, hubs, and related services, advanced manufacturing, logistics, urban solutions and infrastructure, and healthcare, as identified in the Committee on the Future Economy 2017 report.

The Listing Grant will co-fund 20% of eligible listing expenses up to US $148,000 (SG $200,000) for enterprises from all other sectors, with no minimum market capitalisation.

The GEMS’s Research Talent Development Grant will enhance Singapore’s research coverage, particularly for mid and small-cap enterprises. It will help improve investor knowledge, which will, in turn, facilitate price discovery and liquidity.

The research talent development grant is designed to groom a pipeline of equity research analysts and retain experienced research talent to initiate research coverage primarily of listed mid and small-cap enterprises.

This grant will co-fund 70% of the salaries for fresh graduates hired as equity research analysts; and 50% of the salaries for re-employed experienced equity research analysts.

Under the Research Initiatives Grant, the MAS will earmark funds to crowd-source initiatives that will propel the development of Singapore’s equity research ecosystem.

These initiatives can include the publication of industry or sector primers, and innovative ways to distribute research and disseminate enterprise information to investors.

The MAS Managing Director said that Singapore has been working to enhance its private and public markets so that domestic and international growth enterprises are able to access different types of capital best suited to their needs.

The scheme will be funded by the Financial Sector Development Fund (FSDF). According to its website, the FSDF functions under the Monetary Authority of Singapore Act to develop infrastructure to support the financial services sector in the country.

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Qlik’s vision is a data-literate world, where everyone can use data and analytics to improve decision-making and solve their most challenging problems. A private company, Qlik offers real-time data integration and analytics solutions, powered by Qlik Cloud, to close the gaps between data, insights and action. By transforming data into Active Intelligence, businesses can drive better decisions, improve revenue and profitability, and optimize customer relationships. Qlik serves more than 38,000 active customers in over 100 countries.

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CTC Global Singapore, a premier end-to-end IT solutions provider, is a fully owned subsidiary of ITOCHU Techno-Solutions Corporation (CTC) and ITOCHU Corporation.

Since 1972, CTC has established itself as one of the country’s top IT solutions providers. With 50 years of experience, headed by an experienced management team and staffed by over 200 qualified IT professionals, we support organizations with integrated IT solutions expertise in Autonomous IT, Cyber Security, Digital Transformation, Enterprise Cloud Infrastructure, Workplace Modernization and Professional Services.

Well-known for our strengths in system integration and consultation, CTC Global proves to be the preferred IT outsourcing destination for organizations all over Singapore today.

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Planview has one mission: to build the future of connected work. Our solutions enable organizations to connect the business from ideas to impact, empowering companies to accelerate the achievement of what matters most. Planview’s full spectrum of Portfolio Management and Work Management solutions creates an organizational focus on the strategic outcomes that matter and empowers teams to deliver their best work, no matter how they work. The comprehensive Planview platform and enterprise success model enables customers to deliver innovative, competitive products, services, and customer experiences. Headquartered in Austin, Texas, with locations around the world, Planview has more than 1,300 employees supporting 4,500 customers and 2.6 million users worldwide. For more information, visit www.planview.com.

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SIRIM is a premier industrial research and technology organisation in Malaysia, wholly-owned by the Minister​ of Finance Incorporated. With over forty years of experience and expertise, SIRIM is mandated as the machinery for research and technology development, and the national champion of quality. SIRIM has always played a major role in the development of the country’s private sector. By tapping into our expertise and knowledge base, we focus on developing new technologies and improvements in the manufacturing, technology and services sectors. We nurture Small Medium Enterprises (SME) growth with solutions for technology penetration and upgrading, making it an ideal technology partner for SMEs.

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HashiCorp provides infrastructure automation software for multi-cloud environments, enabling enterprises to unlock a common cloud operating model to provision, secure, connect, and run any application on any infrastructure. HashiCorp tools allow organizations to deliver applications faster by helping enterprises transition from manual processes and ITIL practices to self-service automation and DevOps practices. 

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IBM is a leading global hybrid cloud and AI, and business services provider. We help clients in more than 175 countries capitalize on insights from their data, streamline business processes, reduce costs and gain the competitive edge in their industries. Nearly 3,000 government and corporate entities in critical infrastructure areas such as financial services, telecommunications and healthcare rely on IBM’s hybrid cloud platform and Red Hat OpenShift to affect their digital transformations quickly, efficiently and securely. IBM’s breakthrough innovations in AI, quantum computing, industry-specific cloud solutions and business services deliver open and flexible options to our clients. All of this is backed by IBM’s legendary commitment to trust, transparency, responsibility, inclusivity and service.

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