No need for a 'super agency' to help SMEs: Spring Singapore
Coordination and collaboration are key, not a single SME authority, says Spring
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Mindy Tan
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Singapore
SPRING Singapore dismissed the SME Committee's recommendation for a single SME authority on Friday, saying the focus should instead be on coordination and collaboration. The proof is in the pudding - Spring and its partners in 2014 reached out to some 160,000 small and medium-sized enterprises in Singapore, compared with 103,000 the previous year.
In terms of projects supported, the 12,000 upgrading projects undertaken by SMEs - when fully implemented - create S$8 billion value-add to the economy and 22,000 jobs.
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