Singapore Budget Support for Deep-Tech Startups and SMEs

Ohmyhome

Ohmyhome

Share on facebook
Share on email
Share on whatsapp

Singapore Budget 2020 is packed with good news amid the COVID-19 pandemic. The country’s ecosystem for startups is vibrant with about 3,800 companies and 150 capital funds investing in startups in the region.

Deputy Prime Minister Heng Swee Keat announced that the government will set aside S$8.3 billion over the next three years, including sums that were allocated in previous years, to help with the transformation and growth of companies – from startups to small and medium-sized enterprises (SMEs).

Startup SG Programme

The Startup SG programme has helped startups to get their ideas off the ground. Through co-investment schemes like Startup SG Equity, some S$560m in private sector funding has been raised over the last four years.

This 2020, an additional $300m will be set aside under Startup SG Equity for deep-tech startups that deal with emerging technology, including:

  • Pharmbio and medtech
  • Advanced manufacturing and agri-food tech

The funds will allow startups to get better access to capital, expertise, and industry networks.

Enterprise Grow Package

A recent initiative of the government, the Enterprise Grow Package aims to:

  • Help enterprises identify business needs
  • Adopt pre-approved digital technologies
  • Take the first steps to enter new markets.

This package will include the launch of the GoBusiness platform, which is a single touchpoint for enterprises to transact with the government digitally.

Enterprise Transform Package

To strengthen the leadership and management capabilities of enterprises, the government will introduce an Enterprise Transform Package. This will include the launch of the Enterprise Leadership for Transformation Programme by Enterprise Singapore to support business leaders of promising SMEs.

The government aims to support business leaders of 900 enterprises in business transformation with training and mentorship over the next three years by collaborating with Institutes of Higher Learning, banks, and industry experts.


Source: TODAY


If you are thinking of buying, selling, or renting property while the circuit breaker measures are in effect, don’t worry! Our team is still hard at work.

Learn more about Ohmyhome services during the circuit breaker period.

You may call 6886 9009 now.

Consult an expert for free!

Send us your details and we’ll be in touch within 15 min (daily 9am to 9pm GMT +8).

or

Contact us your way

Talk to us today. Available daily 9 AM to 9 PM (GMT +8)

Subscribe Now

Get a notification every time we upload a new blog post.

Find out how to transact your home during this period

Buying or selling your property during COVID-19?

Find out how to transact your home during this period

Buying or selling your property during COVID-19?

SHARE WITH YOUR FRIENDS!

Share on facebook
Share on twitter
Share on whatsapp
Share on email

Consult an expert for free!

Send us your details and we’ll be in touch within 15 min (daily 9am to 9pm GMT +8).

or

Featured Blogs

Highlighting unique property views for every Singaporean

get an agent

Sell with an Agent

Dedicated experts at your service

Documentation Services

Leave the paperwork to us

do it yourself

Prefer to do-it-yourself?

Check out how our platform can help

Post a Listing for Free

Download the app and connect with buyers

RESOURCES

Ohmyhome E-Valuation

Know the value of your property in seconds!

Calculate Seller’s Stamp Duty

Find the amount payable when selling

How to Sell an HDB

A step-by-step guide to selling HDB

How to Sell my Private Property

A step-by-step guide to selling condo/landed

OHMYHOME E-VALUATION