SINGAPORE: A combination of new initiatives and expansion of existing schemes worth S$1 billion was announced on Monday (Feb 18) by Finance Minister Heng Swee Keat to help home-grown firms build “deep” capabilities.This forms one of the three key thrusts aimed at supporting the ongoing industry transformation, said Mr Heng in his Budget statement.Firms can look forward to “customised” assistance in identifying and overcoming business challenges, as well as scaling up, in the form of two new programmes – the Scale-up SG programme and the Innovation Agents programme.The former, which will be launched by Enterprise Singapore in partnership with the private and public sectors, will help “high-growth local firms” to build new capabilities, innovate, grow and internationalise, said Mr Heng.The latter, also administered by Enterprise Singapore, will be a two-year pilot for firms to seek advice on innovation opportunities from experienced industry experts.Under the Innovation Agents programme, these experts will be “matched” with suitable firms, and the mentorships can be a one-to-one or group consultation lasting for a few months to a year based on needs and scope.To deepen the pool of “smart, patient capital” to help firms scale up, Mr Heng announced that an additional S$100 million will be set… Read full this story
- Cameroon: Programme-Based Budgeting 2019
- Docker, once worth $1 billion, tells staff it's trying to raise cash amid 'significant challenges'
- Why is Juul worth $16 billion? It’s more like a cigarette than you think
- Mauritius Hosts International Conference On Contribution of Indian Diaspora in Nation Building
- Liberals promise billions in new spending in 2019 election platform
- 2019 Infiniti QX50
- Daily Business Report-July 10, 2018, San Diego Metro Magazine
- Boeing, Northrop spar over $85 billion nuclear missile program
- 2019 Ram Heavy Duty
- Cabinet approves guidelines for Japan’s 2019 budget
Budget 2019: Measures worth S$1 billion to help businesses build ‘deep’ capabilities have 283 words, post on www.channelnewsasia.com at February 18, 2019. This is cached page on Vietnam Art News. If you want remove this page, please contact us.