PACT Programme: What Partners Should Know About
PACT helps to become a partner to grow innovation and business development. The main motive of the PACT Programme is to motivate mutually beneficial collaborations between companies so that they can earn more profit. Those companies which are going to collaboration must go beyond regular business activities. For the benefit of the group of companies, one enterprise should take responsibilities in driving projects as a leader (known as a “Lead Enterprise”).
What is the Scope of Projects?
There are huge numbers of scope available. Projects may be regarding capability development or joint business development. Here, we have provided some examples of project please have a look-
- Supplier/ Partner Development – A Lead Enterprise enables existing/new providers to overhaul their innovation capacities in order to enhance the nature of the supply chain.
- Co-innovation – A Lead Enterprise serves to co-create and test-bed an inventive result of its littler provider.
- Knowledge Transfer – A Lead Enterprise builds up an instructing system to enable its littler wholesalers to enhance its income administration aptitudes.
- Alliances or Consortiums – A Lead Enterprise shapes a union with littler firms in order to mutually seek after new worldwide activities. Those who are smaller firms in the alliance, they get benefit through their new clients or customers.
- Shared Resources – A Lead Enterprise pools regular assets with smaller firms to accomplish economies of scale and additionally participate in shared promoting endeavours.
What Will Be the Level of Support?
The support for SMEs will be available of 70% and for non-SMEs will be of 50% of the qualifying costs. So, if you will SMEs then it will be beneficial for you so that you can get more support.
What Should Eligibility?
LEAD enterprise is a Singapore registered company and it has the authority to drive all PACT projects. This totally depends that may also be an MNC or Singapore company. Here, we have mentioned more information related to the same. So, without wasting any time, proceed at below section of this page. Areas which are mentioned below can also be considered:
- The Lead Enterprise ought to have clear abilities over those of the other partaking organizations in the undertaking. It assumes liability for the execution and effective conveyance of the task.
- The Lead Enterprise should help taking an interest organization in a way that is past its typical business interests. For instance, the Lead Enterprise ought not to be pitching its item or administration to the littler firms through the task.
- The task ought to incorporate a greater part of Singapore ventures, despite the fact that outside organizations can be engaged with the cooperation.
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