Committee of Supply (COS) 2026
Last updated 2 March 2026
MTI’s key priorities for 2026
The Ministry of Trade and Industry’s (MTI) Committee of Supply (COS) Debate 2026 underscores Singapore’s commitment to secure growth, good jobs and opportunities, and prepare Singaporeans well to access them.
Establish leadership in key growth sectors and push the frontier into new growth areas
Extend our lead in Advanced Manufacturing by directing national-level R&D resources towards high-value domains
Support businesses in developing cutting-edge products and processes
Strengthen Singapore’s position as a global hub for trust-based services
Push the frontier into new growth areas such as quantum, decarbonisation technologies and space-related industries
We will achieve these through the following initiatives:
Launch RIE Flagship in Semiconductors Programme
Enhancements to National Semiconductor Translation and Innovation Centre (NSTIC) (Power Electronics) programme
Enhancements to Research and Innovation Scheme for Companies (RIS(C))
Capture opportunities in the global space economy through National Space Agency of Singapore
Launch the $800M Decarbonisation Grand Challenge
Sustain a dynamic and vibrant enterprise ecosystem
Nurture a new generation of globally leading enterprises
Increase support to sustain a vibrant startup ecosystem
Enhance support for businesses to grow and stay competitive
We will achieve these through the following initiatives:
Additional $1B for the StartupSG Equity scheme
Launch second $1.5B tranche of Anchor Fund
Refresh of LaunchPad@One-North
Expansion of LaunchPad to Punggol Digital District
Extension of Energy Efficiency Grant
Enhancements to Enterprise Financing Schemes
Enhancements to Heartland Enterprise Placemaking Grant and Enhanced Visual Merchandising Programme
New EDGE grant
Establish Singapore as an AI leader with an AI-empowered economy
Position Singapore as a location of choice where companies and top talent come together to develop, test, deploy, and scale innovative and impactful AI solutions
We will achieve these through the following initiatives:
Launch of ‘Champions of AI’ programme
AI Missions to build AI leadership in key sectors
Establish AI Park in One-North (‘Kampong AI’)
Strengthen our position as a trusted and well-connected hub, and more aggressively support firms to internationalise
Strengthen our attractiveness to international visitors
Enhance support for companies to pursue significant overseas ventures
Enhance support for Singapore enterprises to venture abroad
Develop our infrastructure to support regionalisation through the Johor-Singapore Special Economic Zone
We will achieve these through the following initiatives:
Launch of first phase of the Greater Sentosa Master Plan (GSMP)
Refresh Orchard Road to drive purpose-of-visit
Enhancements to Market Readiness Assistance (MRA) grant
Enhancements to Double Tax Deduction for Internationalisation (DTDi) scheme
Refreshed Global Innovation Alliance (GIA) strategy
Develop Woodlands Gateway
Safeguard and expand our economic space, by deepening and diversifying our economic links, while defending our economic interests
Deepen our trade and investment linkages with key economic partners
Diversify economic linkages to emerging markets and new growth sectors
Defend our economic interests by advancing flexible multilateralism, strengthening the rules-based trading order and establishing resilient supply chains
Enable our businesses to proactively navigate transitions
Work closely with Trade Associations and Chambers, enterprises, and the labour movement as industries evolve and technologies reshape markets
Progress in our energy transition to prepare for a low-carbon future, and secure our energy resilience
Enhance domestic carbon mitigation strategies
Explore new energy pathways
Decarbonise hard-to-abate sectors
Strengthen and diversify access to natural gas
Speeches
Deputy Prime Minister and Minister for Trade and Industry, Mr Gan Kim Yong
Minister-in-charge of Energy and Science & Technology in the Ministry of Trade and Industry, Dr Tan See Leng
Senior Minister of State for Trade and Industry, Ms Low Yen Ling
Minister of State for Trade and Industry, Mr Alvin Tan
Minister of State for Trade and Industry, Ms Gan Siow Huang
Press releases and factsheets
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Media materials
Establish leadership in key growth sectors and push the frontier into new growth areas
Factsheet on RIE Flagship in Semiconductors and NSTIC (Power Electronics) [PDF, 186KB]
Press Release on $800M Decarbonisation RIE Grand Challenge [PDF, 163KB]
Sustain a dynamic and vibrant enterprise ecosystem
Factsheet on $1 Billion Expansion of Startup SG Equity [PDF, 206KB]
Factsheet on Launch of Second S$1.5 Billion Tranche of Anchor Fund [PDF, 188KB]
Factsheet on Business Refresh Package [PDF, 271KB]
Factsheet on Streamlined Industrial Lease Assignment Process [PDF, 352KB]
Establish Singapore as an AI leader with an AI-empowered economy
Factsheet on Champions of AI Programme [PDF, 213KB]
Strengthen our position as a trusted and well-connected hub, and more aggressively support firms to internationalise
Factsheet on Woodlands Gateway [PDF, 727KB]
Artist Impression of Woodlands Gateway [PDF, 727KB]
Artist Impression of Greater Sentosa Master Plan [PDF, 301KB]
Progress in our energy transition to prepare for a low-carbon future, and secure our energy resilience
Factsheet on accelerated solar deployment to meet 3 GWp solar target by 2030 [PDF, 238KB]
Useful resources
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Go Business
Visit the GoBusiness portal for more information on available enterprise support. Use the Government Assistance e-Adviser to discover your eligibility for schemes by answering a few simple questions.
Learn more about Go Business
SME Centres
Our experienced Business Advisors will support you in growing your business through 1-on-1 business advisory sessions, capability development workshops, and group-based upgrading projects. Book a complimentary consultation at an SME Centre of your choice.
Learn more about SME Centres
MOF's Pro-Enterprise Initiatives - Supporting Businesses from Procurement to Invoicing
Find out how government procurement has been made more accessible and the transitional support provided to help businesses onboard InvoiceNow.
Learn more about MOF's Pro-Enterprise Initiatives [PDF, 3.04MB]