Business benefits-at-a-glance

  • Singapore Budget aims to leverage science and technology so that business can continue to compete competitively.
  • Government will expand SMEs Go Digital programme that will help SMEs transform digitally.
  • 70% of the cost of additional tools like cyber security and artificial intelligence will be subsidised. SMEs can search for these solutions on a business grants portal.
  • As Asia is the next driver of economic growth, SMEs must utilise this opportunity to ensure they stay competitive especially in a volatile economy.
  • Initiatives like Scale-up SG and Innovation Agents Programme help SMEs get more expertise on using the necessary technology opportunities to innovate successfully – as well as venture into new markets.
  • Initiatives like LEAD and PACT help SMEs build deep partnerships with each other as well as experts within the industry so that they can cooperate to solve common challenges and tap on one another’s networks and international linkages.

What initiatives can help SMEs innovate and globalise?

1. Scale-up SG

2. Innovation Agents Programme

3. Helping SMEs build deep partnerships – locally and globally

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