85% of companies enrolled in scheme to help them scale up create new businesses, products

ENTERPRISE Singapore’s programme to support local companies with high-growth potential to scale their operations has seen some “promising signs”, said Minister for Trade and Industry Gan Kim Yong.

In a written answer to parliamentary questions on Monday (Jan 9), Gan said that out of the Scale-up SG programme’s first three cohorts, 85 per cent of companies have created new businesses or products, and more than half have expanded into new overseas markets.

In addition, these companies have also created some 500 professional, managerial, executive, and technical (PMET) jobs in total.

Since 2019, 80 companies have entered the programme, the minister noted.

“Participants work closely with Enterprise Singapore and programme partners on management development, business innovation, market penetration, and other areas that will help accelerate their growth,” he said.

“Enterprise Singapore is gathering feedback from participating companies to refine the programme and develop new tools to support their growth.”