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Beyond giving grants, EnterpriseSG seeks to be more proactive about helping businesses transform

It will no longer be a one-way track where the agency engages companies to help them succeed, says its new chairman

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Tessa Oh

Tessa Oh

Published Mon, May 6, 2024 · 03:00 PM
    • Actively engaging companies is one of three strategies that EnterpriseSG executive chairman Lee Chuan Teck (above) will focus on in his role.
    • Actively engaging companies is one of three strategies that EnterpriseSG executive chairman Lee Chuan Teck (above) will focus on in his role. PHOTO: SHINTARO TAY, ST

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    ENTERPRISE Singapore (EnterpriseSG) wants to provide not just grants, but personalised advice to local businesses on how to transform and innovate, said its new chairman Lee Chuan Teck.

    This is the new proactive role he wants the statutory board to play from now on, as Singapore aims for annual growth of 2 to 3 per cent on average over the next decade.

    “The approach is quite different. Now, companies come to us when they want a support grant. Henceforth, it’s not just that one-way track,” he said in his first interview with the local media since taking over from former chairman Peter Ong on Apr 1.

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