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

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.