Enterprise Singapore (EnterpriseSG) is a government board formed on 1 April 2018 to support the development of

Singapore Singapore, officially the Republic of Singapore, is an island country and city-state in Southeast Asia. The country's territory comprises one main island, 63 satellite islands and islets, and one outlying islet. It is about one degree ...

small and medium-sized enterprises Small and medium-sized enterprises (SMEs) or small and medium-sized businesses (SMBs) are businesses whose personnel and revenue numbers fall below certain limits. The abbreviation "SME" is used by many national agencies and international organiza ...

(SMEs), upgrade their capabilities, foster innovation, support transformation, and promote internationalisation. It is a statutory board under the Ministry of Trade and Industry of the

Government of Singapore The government of Singapore is defined by the Constitution of Singapore, Constitution of the Republic of Singapore to consist of the President of Singapore, President and the Executive. Executive authority of Singapore is vested in the Presi ...

. It also supports the growth of Singapore as a trading and start-up hub, and continues to be the national standards and accreditation body.

History

Enterprise Singapore was formed through the merger of

International Enterprise Singapore International Enterprise Singapore ( IE Singapore) was a statutory board under the Ministry of Trade and Industry of the Government of Singapore. It facilitated the growth of Singapore-based companies overseas and promoted international trade. ...

(IE) and

SPRING Singapore The Standards, Productivity and Innovation Board (abbreviation: SPRING Singapore) was a Statutory boards of the Singapore Government, statutory board under the Ministry of Trade and Industry (Singapore), Ministry of Trade and Industry of the Si ...

. It integrates the functions of IE Singapore and

. SPRING Singapore was responsible for helping start-ups and SMEs in financing, capability and management development, technology, and innovation. It also served as the national body for standards and accreditation, supporting companies in achieving international standards and conformity requirements. On 5 February 2018, Singapore's Parliament passed a bill to officiate the new, unified statutory board.

Responsibilities

Developing the Trading Cluster

The agency works to attract global commodity traders to establish their global or Asian home base in Singapore.

Quality and Standards

Enterprise Singapore oversees the development and implementation of national standards for Singaporean enterprises. 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. The Council consists of representatives of various stakeholders, including industry representatives, professional bodies, trade and consumer associations, academia, and government agencies. It develops consensus-based standards in Singapore and promotes them to be accepted and adopted by stakeholders. The agency is also the national accreditation body. Enterprise Singapore manages th
Singapore Accreditation Council
(SAC) that looks at developing and managing accreditation schemes to support Singapore’s strategic initiatives such as market access, security, safety, and health. It also manages the

Good Laboratory Practice The Principles of Good Laboratory Practice (GLP) establish rules and criteria for a quality system that oversees the organizational processes and conditions in which non-clinical (non-pharmaceutical) health and environmental safety–or simply toxi ...

(GLP) Compliance Programme, which ensures that facilities’ operations and laboratory studies meet international standards. Studies conducted in Singapore under GLP-compliant conditions have been accepted in more than 30

OECD The Organisation for Economic Co-operation and Development (OECD; , OCDE) is an international organization, intergovernmental organization with 38 member countries, founded in 1961 to stimulate economic progress and international trade, wor ...

(Organisation for Economic Co-operation and Development) and non-OECD countries.

Support for businesses

Enterprise Singapore has different programmes for different types of businesses. * For start-ups, it partners with incubators, angel investors, and government agencies through a range of programmes managed by Startup SG. * For small and medium enterprises, it provides assistance through various grants and programmes, as well as access to technology and research institutes. It also supports SMEs that expand overseas through tax deductions and grant funds. * Enterprise Singapore also supports large corporations through initiatives such as th
PACT programme
which facilitates joint projects with smaller companies.

Internationalization efforts

Overseas markets

Enterprise Singapore maintains overseas centres in various markets to support the internationalisation of Singaporean enterprise. There are 36 overseas centres in 21 countries, nine of which are in the People's Republic of China.

Plug and Play Network

When it launched in 2018, the agency established a Plug and Play Network with nine partners across six countries. The network offers several services: conducting targeted market research, maintaining a global database for overseas partner matching, facilitating business connections between suppliers and distributors, and assisting with workspace solutions.

Bilateral Business Forums

Business Forums are organised for delegates and officials from 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 India, officially the Republic of India, is a country in South Asia. It is the List of countries and dependencies by area, seventh-largest country by area; the List of countries by population (United Nations), most populous country since ...

Latin America Latin America is the cultural region of the Americas where Romance languages are predominantly spoken, primarily Spanish language, Spanish and Portuguese language, Portuguese. Latin America is defined according to cultural identity, not geogr ...

Bangladesh Bangladesh, officially the People's Republic of Bangladesh, is a country in South Asia. It is the List of countries and dependencies by population, eighth-most populous country in the world and among the List of countries and dependencies by ...

Germany Germany, officially the Federal Republic of Germany, is a country in Central Europe. It lies between the Baltic Sea and the North Sea to the north and the Alps to the south. Its sixteen States of Germany, constituent states have a total popu ...

, among others.

References

External links

Enterprise Singapore
{{Authority control Economy of Singapore Government of Singapore Statutory boards of the Singapore Government 2018 establishments in Singapore Government agencies established in 2018