One-stop agency for SMEs to grow Singapore's startup ecosystem

SMALL and medium-sized enterprises (SMEs) are the primary focus and comprise the largest beneficiaries of the economic measures laid out during Budget 2017 and the Committee on the Future Economy (CFE) report. It may therefore not come as a surprise that the Ministry of Trade and Industry unveiled plans to merge IE Singapore and SPRING Singapore recently.

We believe that the merger will benefit SMEs. While government support in growing the SME ecosystem is appreciated, this merger answers the call we have heard from local enterprises for a long time now.

That is, many across different industries have told us that they would feel more assured if there is one specific agency tasked with supporting their growth and related needs.