Enterprise Singapore
- International Enterprise Singapore
- SPRING Singapore
1 Fusionopolis Walk, #01-02 South Tower, Solaris Singapore 138628
- Peter Ong Boon Kwee, Chairman
- Png Cheong Boon, CEO
Enterprise Singapore (ESG) is a statutory board under the Ministry of Trade and Industry of the Government of Singapore. It was formed on 1 April 2018 to support Singapore small and medium enterprise (SMEs) development, upgrade capabilities, innovate, transform, and internationalise.[1][2] It also supports the growth of Singapore as a trading and startup hub, and continues to be the national standards and accreditation body.
History
Enterprise Singapore was formed through the merger of International Enterprise Singapore (IE) and SPRING Singapore. It is an integration of IE Singapore and SPRING Singapore’s functions.[3] SPRING Singapore was responsible for helping startups and SMEs in financing, capability and management development, technology, and innovation.[1] It was the national body for standards and accreditation, responsible for helping companies achieve international standards and conformity requirements.[4]
International Enterprise Singapore promoted international trade and helped Singapore companies expand internationally.[5]
On February 5, the Singapore Parliament passed a bill to officiate the new statutory board. During the second reading that occurred on the same day, Minister for Trade and Industry S Iswaran said "the goals of capacity building, innovation and international expansion are deeply intertwined and reinforced one another. A company must innovate and deepen its capabilities to successfully expand into overseas markets. Equally, venturing overseas will itself create the scale, impetus and opportunity for businesses to gain new capabilities and expertise… so it is necessary and timely to merge the functions and operations of IE and SPRING to form Enterprise Singapore".[2]
Responsibilities
Developing trading cluster
The agency attracts global commodity traders to establish their global or Asian home base in Singapore. Singapore is currently the trading hub of the three clusters of metals and minerals, agri-commodities, energy and chemicals.[6]
Quality and Standards
Enterprise Singapore governs the national standards of Singapore. Through the industry-led Singapore Standards Council, it administers the Singapore Standardisation Programme, which develops and promotes standards to meet industry needs and government policy objectives.[7] The Council consists of representatives of various stakeholders including industry representatives, professional bodies, trade and consumer associations, academia, and government agencies. It develops a consensus-based Standards in Singapore and promotes them to be accepted and adopted by stakeholders.[8]
The agency is also the national accreditation body. Enterprise Singapore manages the Singapore Accreditation Council (SAC)[9] that looks at developing and managing accreditation schemes to support Singapore’s strategic initiatives such as market access, security, and safety and health.[10] It also manages the Good Laboratory Practice (GLP) Compliance Programme that ensures facilities’ processes and laboratory studies meet international standards. Studies conducted in Singapore under GLP complaint conditions have been accepted in more than 30 OECD and non-OECD countries.[11]
Support for businesses
Enterprise Singapore supports enterprises of all sizes and stages of development, including startups, SMEs, and large corporations.
- For startups, it partners with incubators, angel investors, and government agencies to develop the startup ecosystem in Singapore through the slew of programmes managed by Startup SG.[12]
- For SMEs, it provides assistance in improving business capabilities through various grants and programmes, as well as access to technology and research institutes. It also supports SMEs that expand overseas through tax deductions, grant funds, the Plug and Play Network, and over 22 Free Trade Agreements.[12]
- Large corporations receive assistance from Enterprise Singapore in expanding their global market reach and source for new opportunities. There are also initiatives such as the PACT programme where they lead smaller companies in joint projects.[12]
Internationalisation efforts
Enterprise Singapore has built a global network for SMEs.
Overseas markets
Enterprise Singapore maintains overseas centres in various markets to support the internationalisation of Singaporean businesses. There are a total of 36 overseas centres in 21 countries. China alone hosts 9 centres. The centres are clustered in the geographical regions of Southeast Asia & Oceania, North & South China, East & West China, North and South Asia, Middle East and Africa, North America & Europe, and Emerging Europe, Latin America & the Caribbean.[13]
Plug and Play Network
The agency has 9 Plug and Play partners in 6 countries.[14] It provides specific market research into the target markets, provides a global database to help search for business partners overseas, provide in-market support such as matching suppliers and distributors, and source for workspaces.[15]
Bilateral Business Forums
Business Forums are organised for delegates and officials of both Singapore and partner countries to discuss business partnership opportunities, domestic opportunities, business trends and future directions. Thus far Enterprise Singapore has organised Business Forums with India,[16] Latin America,[17] Bangladesh,[18] Germany,[19] among others.
See also
- Ministry of Trade and Industry
- Government of Singapore
- Economy of Singapore
- International Enterprise
- SPRING Singapore
References
- ^ a b Yahya, Yasmine (2017-09-05). "IE Singapore, Spring Singapore to merge to better help local firms go global". The Straits Times. Retrieved 2018-04-01.
- ^ a b Heng, Janice. "IE and Spring merger timely, given global changes: Iswaran". The Business Times. Retrieved 2018-04-01.
- ^ Chuang, Pek Ming (2018-04-03). "Enterprise Singapore: One-stop help hub". The Business Times. Retrieved 2018-06-28.
- ^ "ESG". Retrieved 2018-06-28.
- ^ "International Enterprise Singapore". Archived from the original on 2018-06-28. Retrieved 2018-06-28.
- ^ "Commodities trading". Archived from the original on 2018-08-02. Retrieved 2018-08-02.
- ^ "Singapore Standardisation Programme". Archived from the original on 2018-08-02. Retrieved 2018-08-02.
- ^ "Standards Development". Enterprise Singapore. Retrieved 2018-08-02.
- ^ "Accreditation". Enterprise Singapore. Retrieved 2018-08-02.
- ^ "Other accreditation schemes". Retrieved 2018-08-02.
- ^ "GLP Compliance Monitoring". Singapore Accreditation Council. Retrieved 2018-08-02.
- ^ a b c "Enterprise Singapore formed to grow stronger companies". Enterprise Singapore. Retrieved 2018-08-02.
- ^ "Overseas Centres | Enterprise Singapore". www.enterprisesg.gov.sg. Archived from the original on 2018-08-02. Retrieved 2018-08-02.
- ^ "Enterprise Singapore formed to grow stronger companies". www.enterprisesg.gov.sg. Retrieved 2018-08-02.
- ^ "Plug and Play Network". Enterprise Singapore. Retrieved 2018-08-02.
- ^ "India-Singapore Business Forum promotes opportunities for holistic growth and partnership - Singapore Business Federation | Apex Business Chamber". www.sbf.org.sg. Retrieved 2018-08-02.
- ^ Luo, Stephanie (2017-09-30). "S'pore, Latin-American and Caribbean businesses in tie-ups". Enterprise Singapore. Retrieved 2018-08-02.
- ^ "Speech by Minister Lim at the Bangladesh-Singapore Business Forum". www.mti.gov.sg. Retrieved 2018-08-02.[permanent dead link]
- ^ Shiao, Vivien. "Singapore firms to partner German firms in manufacturing push". The Business Times. Retrieved 2018-08-02.
External links
- Enterprise Singapore
- v
- t
- e
- Accounting and Corporate Regulatory Authority
- Agency for Science, Technology and Research
- Building and Construction Authority
- Central Provident Fund
- Civil Aviation Authority of Singapore
- Civil Service College
- Competition and Consumer Commission of Singapore
- Council for Estate Agencies
- Defence Science and Technology Agency
- Economic Development Board
- Energy Market Authority
- Enterprise Singapore
- Government Technology Agency
- Health Promotion Board
- Health Sciences Authority
- Housing and Development Board
- Home Team Science and Technology Agency
- Infocomm Media Development Authority
- Inland Revenue Authority of Singapore
- Intellectual Property Office of Singapore
- ISEAS – Yusof Ishak Institute
- JTC Corporation
- Land Transport Authority
- Maritime and Port Authority of Singapore
- National Arts Council
- National Council of Social Service
- National Environment Agency
- National Heritage Board
- National Library Board
- People's Association
- Public Transport Council
- Public Utilities Board
- Sentosa Development Corporation
- Singapore Accountancy Commission
- Singapore Examinations and Assessment Board
- Singapore Food Agency
- Singapore Land Authority
- Singapore Tourism Board
- Sport Singapore
- Urban Redevelopment Authority
- Workforce Singapore
- Agri-Food and Veterinary Authority of Singapore
- Casino Regulatory Authority
- Commercial and Industrial Security Corporation
- Infocomm Development Authority of Singapore
- International Enterprise Singapore
- Media Development Authority
- National Computer Board
- Nanyang Technological University
- National University of Singapore
- Post Office Savings Bank
- Public Works Department
- Singapore Broadcasting Authority
- Singapore Broadcasting Corporation
- Singapore Harbour Board
- Singapore Improvement Trust
- Singapore Telecommunications
- SPRING Singapore
- Telecommunication Authority of Singapore