SG Budget 2017: S$100m for new schemes to boost skills to operate overseas

THE government will set aside more than S$100 million for new schemes so Singaporeans can boost skills to operate overseas, Finance Minister Heng Swee Keat said on Monday.

It will set up a Global Innovation Alliance for Singaporeans to gain overseas experience, build networks, and collaborate with their counterparts in other innovative cities. An Innovators Academy will allow tertiary students to build connections and capabilities overseas, building on the NUS Overseas College programme.

The government will establish Innovation Launchpads in selected overseas markets, creating opportunities for entrepreneurs and business owners to connect with mentors, investors, and service providers.

Innovative foreign companies can also link up with Singapore partners to co-innovate, test new products in Singapore, and expand in the region.

To build leaders, the government will target to develop 800 potential leaders over three years, through the SkillsFuture Leadership Development Initiative. These leaders will be sent for specialised courses, and overseas postings.