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Anchor Locally while Capturing Value from Innovation to Compete Globally

     While the COVID-19 pandemic has swung a curve ball at all economies, Singapore is determined to remain globally relevant and competitive. To do this, we will continue to attract the best to invest and strengthen the ecosystem in Singapore.

Highlights:

To ensure that Singapore maintains its competitiveness, we will employ the following strategies:

  • Build a strong crop of Singapore enterprises through sector and ecosystem-wide strategies. We will achieve this by transforming our industries, adopting collaborative approaches with businesses to seize opportunities, partnering and helping our enterprises to build their capabilities and strengthen their competencies, facilitating their access to financing and capital, encouraging and assisting them with their internationalisation journey.

  • Support enterprises to build innovative capabilities and commercialise R&D for value capture. Singapore will link up the supply of innovative solutions with the demands of enterprises across the economic sectors and commercialise ideas and products generated from R&D activities.

  • Support enterprises across various stages of growth to build an ecosystem of resilient enterprises so that they are capable of withstanding disruptive shocks while competing in international markets.
 
Find out more at www.enterprisesg.gov.sg and factsheets.
 
For more information on support measures for businesses, visit https://go.gov.sg/budget-2021-business-booklet.
 
Speech by Second Minister Dr Tan See Leng - Anchor Locally, and Capture Value from Innovation to Compete Globally
 
Watch to find out how we can build an exciting and vibrant economy together
 
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