Enterprise Singapore

Last updated

Enterprise Singapore
Enterprise Singapore Full Colour Logo.jpg
Agency overview
Formed1 April 2018;7 years ago (2018-04-01)
Preceding agencies
Jurisdiction Government of Singapore
Headquarters230 Victoria Street, Level 9, Bugis Junction Towers, Singapore 188024
Employees1400+ [1]
Agency executives
  • Lee Chuan Teck, Chairman
  • Cindy Khoo, Managing Director
Parent agency Ministry of Trade and Industry
Website www.enterprisesg.gov.sg
Agency IDT18GB0001K

Enterprise Singapore (EnterpriseSG) is a statutory board under the Ministry of Trade and Industry of the Government of Singapore. Established on April 1, 2018, it supports the development of Singapore's small and medium-sized enterprises (SMEs) and overseas national standards and accreditation efforts. [2] [3] The agency also plays a role in promoting Singapore's position as a trading and start-up hub.

Contents

History

Enterprise Singapore was formed through the merger of International Enterprise Singapore (IE) and SPRING Singapore . It integrates the functions of both the aforementioned organizations. [4] SPRING Singapore was responsible for supporting start-ups and SMEs in areas such as financing, capability and management development, technology, and innovation. [2] It also served as the national body for standards and accreditation, assisting companies in meeting international standards. [5]

On 5 February 2018, the Parliament of Singapore passed a bill to officiate the new, unified statutory board. [3]

Responsibilities

Quality and Standards

Enterprise Singapore oversees the development and implementation of national standards for Singaporean enterprises. Through the industry-led Singapore Standards Council, it administers the Singapore Standardization Programme, which develops and promotes standards aligned with industry needs and government policy objectives. [6] The Council consists of representatives of various stakeholders, including industry representatives, professional bodies, trade and consumer associations, academia, and government agencies. It develops consensus-based standards in Singapore and promotes their adoption among stakeholders. [7]

The agency also serves as the national accreditation body. Enterprise Singapore manages the Singapore Accreditation Council (SAC), [8] which develops and manages accreditation schemes supporting Singapore’s strategic initiatives such as market access, security, safety, and health. [9] In addition, Enterprise Singapore manages the Good Laboratory Practice (GLP) Compliance Programme, which ensures that facilities and laboratory studies meet internationally accepted standards. Studies conducted in Singapore under GLP-compliant conditions are recognized in more than 30 OECD (Organization for Economic Co-operation and Development) and non-OECD countries. [10]

Support for businesses

Enterprise Singapore has different programmes for different types of businesses.

Internationalization efforts

Overseas markets

Enterprise Singapore maintains overseas centres in various markets to support the internationalization of Singaporean enterprises. It operates 36 overseas centres in 21 countries, including nine in the People's Republic of China. [12]

Plug and Play Network

At its launch in 2018, the agency established a Plug and Play Network in collaboration with nine partners across six countries. [13]

The network offers services such as targeted market research, a global database for overseas partner matching, facilitation of business connections between suppliers and distributors, and assisting with workspace solutions. [14]

Bilateral Business Forums

Enterprise Singapore organizes bilateral business forums to facilitate dialogue between delegates and officials from Singapore and partner countries. These forums focus on discussing business partnership opportunities, domestic market conditions, business trends, and future directions. Thus far Enterprise Singapore has organized Business Forums with India, [15] Latin America, [16] Bangladesh, [17] Germany, [18] among others.

See also

References

  1. ↑ "Enterprise Singapore Employee Directory".
  2. 1 2 Yahya, Yasmine (5 September 2017). "IE Singapore, Spring Singapore to merge to better help local firms go global". The Straits Times. Retrieved 1 April 2018.
  3. 1 2 Heng, Janice. "IE and Spring merger timely, given global changes: Iswaran". The Business Times. Retrieved 1 April 2018.
  4. ↑ Chuang, Pek Ming (3 April 2018). "Enterprise Singapore: One-stop help hub". The Business Times. Retrieved 28 June 2018.
  5. ↑ "ESG" . Retrieved 28 June 2018.
  6. ↑ "Singapore Standardisation Programme". Archived from the original on 2 August 2018. Retrieved 2 August 2018.
  7. ↑ "Standards Development". Enterprise Singapore. Retrieved 2 August 2018.
  8. ↑ "Accreditation". Enterprise Singapore. Retrieved 2 August 2018.
  9. ↑ "Other accreditation schemes" . Retrieved 2 August 2018.
  10. ↑ "GLP Compliance Monitoring". Singapore Accreditation Council. Retrieved 2 August 2018.
  11. 1 2 3 "Enterprise Singapore formed to grow stronger companies". Enterprise Singapore. Retrieved 2 August 2018.
  12. ↑ "Overseas Centres | Enterprise Singapore". www.enterprisesg.gov.sg. Archived from the original on 2 August 2018. Retrieved 2 August 2018.
  13. ↑ "Enterprise Singapore formed to grow stronger companies". Archived from the original on 2 August 2018. Retrieved 24 October 2024.
  14. ↑ "Plug and Play Network". Enterprise Singapore. Archived from the original on 2 August 2018. Retrieved 24 October 2024.
  15. ↑ "India-Singapore Business Forum promotes opportunities for holistic growth and partnership - Singapore Business Federation | Apex Business Chamber". www.sbf.org.sg. Retrieved 2 August 2018.
  16. ↑ Luo, Stephanie (30 September 2017). "S'pore, Latin-American and Caribbean businesses in tie-ups". Enterprise Singapore. Retrieved 2 August 2018.
  17. ↑ "Speech by Minister Lim at the Bangladesh-Singapore Business Forum". www.mti.gov.sg. Retrieved 2 August 2018.[ permanent dead link ]
  18. ↑ Shiao, Vivien. "Singapore firms to partner German firms in manufacturing push". The Business Times. Retrieved 2 August 2018.
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