Enterprise Singapore: Supporting Local Businesses for Economic Growth
If you’re a small or medium-sized enterprise (SME) looking to grow, innovate, or internationalise, Enterprise Singapore can offer you a range of support services. As a statutory board under the Ministry of Trade and Industry of the Government of Singapore, Enterprise Singapore was established in 2018 to provide SMEs with advice, connections, financial support, and access to various centres. The organisation supports companies to build capabilities, innovate and internationalise, and also promotes Singapore as a hub for global trading and startups.
Enterprise Singapore offers several financing schemes to support SMEs at each stage of their business growth. These schemes include the Enterprise Development Grant (EDG), which funds projects that help businesses upgrade, innovate, grow and transform. The organisation also provides financial capability courses, financing guides and playbooks, and access to financing support. If you’re looking to benefit from Budget 2024, trade, sustainability, and other initiatives, Enterprise Singapore can provide you with the necessary information and guidance.
Overall, Enterprise Singapore is dedicated to supporting SMEs in Singapore to develop, upgrade their capabilities, innovate, transform, and internationalise. If you’re an SME looking for support in any of these areas, Enterprise Singapore is definitely worth checking out.
Key Takeaways
- Enterprise Singapore offers SMEs a range of support services, including financing schemes, advice, connections, and access to various centres.
- The Enterprise Development Grant (EDG) is a scheme that funds projects to help businesses upgrade, innovate, grow and transform.
- Enterprise Singapore is dedicated to supporting SMEs in Singapore to develop, upgrade their capabilities, innovate, transform, and internationalise.
Enterprise Development and Support
As a Singaporean company, you have access to a range of support services and resources to help you grow and expand your business. Enterprise Singapore offers a variety of facilities and services to assist startups and SMEs in upgrading their capabilities, exploring new markets, and expanding their international trade.
Support Services for Startups and SMEs
Enterprise Singapore provides a range of support services for startups and SMEs, including consultation with experienced business advisors to help you identify your company’s needs and develop a growth strategy. You can also access a variety of training and development programmes to help you upgrade your capabilities and innovate in your industry.
If you are looking to expand your business overseas, Enterprise Singapore can provide you with support and resources to help you navigate the complexities of international trade. This includes advice on free trade agreements and other regulations that may affect your business, as well as assistance with market research and entry strategy.
Internationalisation and Trade
Enterprise Singapore is committed to supporting the growth of Singapore as a hub for global trading and startups. They offer a range of programmes and initiatives to help Singaporean companies expand their international trade and take advantage of new opportunities in global markets.
If you are looking to expand your business overseas, Enterprise Singapore can provide you with support and resources to help you navigate the complexities of international trade. This includes advice on free trade agreements and other regulations that may affect your business, as well as assistance with market research and entry strategy.
In addition, Enterprise Singapore works closely with other government agencies and industry partners to promote Singapore as a hub for international trade and investment. They offer a variety of resources and support services to help Singaporean companies connect with international markets and take advantage of new opportunities for growth and innovation.
Standards, Accreditation, and Industry Insights
National Standards and Accreditation
Enterprise Singapore is the national standards and accreditation body that builds trust in Singapore’s products and services through quality and standards. Standards provide a common framework of specifications and guidelines for products, services, and processes. Enhance your business capabilities with industry-recognised best practices. Building global standards.
The Singapore Accreditation Council (SAC) is the national accreditation body that provides independent assessment and accreditation services. The SAC’s accreditation services help to build trust in products and services by ensuring that they meet internationally recognised standards.
Market Intelligence and Industry Data
Innovation is key to the growth of enterprises in Singapore. As an enterprise, you need to be up-to-date with the latest trends and market insights to be able to innovate and stay ahead of the competition. Gov.sg provides a directory of information and updates on various industries in Singapore. This directory can help you stay informed about the latest trends and market insights.
EnterprisesG is a platform that provides industry data and insights to help enterprises make informed decisions. The platform provides access to a range of data sources, including industry reports, market research, and company profiles. With EnterprisesG, you can get the information you need to make informed decisions about your business.
In conclusion, Singapore’s national standards and accreditation body, Enterprise Singapore, and the Singapore Accreditation Council provide independent assessment and accreditation services to build trust in Singapore’s products and services. To stay ahead of the competition, you need to be up-to-date with the latest trends and market insights. Gov.sg and EnterprisesG provide a directory of information and updates on various industries in Singapore, as well as industry data and insights to help you make informed decisions about your business.
Frequently Asked Questions
How can businesses apply for grants offered by Enterprise Singapore?
To apply for grants offered by Enterprise Singapore, businesses can visit the Enterprise Singapore website and browse the available grants. Each grant has its own eligibility criteria and application process, so it’s important to read the details carefully before applying. Businesses can also contact Enterprise Singapore for assistance with the application process.
What are the career opportunities available with Enterprise Singapore?
Enterprise Singapore offers a range of career opportunities across various departments, including business development, finance, human resources, and research and development. Interested individuals can visit the Enterprise Singapore website to view current job openings and submit their applications online.
Which government ministry oversees the operations of Enterprise Singapore?
Enterprise Singapore operates under the Ministry of Trade and Industry.
What is the role of Enterprise Singapore in supporting local enterprises?
Enterprise Singapore’s role is to help local enterprises grow and expand both locally and internationally. They offer a range of services and programmes, including grants, loans, and training programmes, to help businesses improve their capabilities and competitiveness.
How many individuals are employed by Enterprise Singapore?
As of June 2024, Enterprise Singapore employs approximately 1,200 individuals.
What are the internship opportunities provided by Enterprise Singapore?
Enterprise Singapore offers internship opportunities for students and graduates who are interested in gaining experience in areas such as business development, finance, and research and development. Interested individuals can visit the Enterprise Singapore website to view current internship opportunities and submit their applications online.