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Articles

Singapore SMEs Encouraged to Adopt Digital Tools

Written by: Bridgewest

The partnership between the private and public sectors in Singapore is proving very useful for e-commerce companies these days, as two new programs were launched. The first one, the 99% SME e-marketplace was recently launched by the players on the private market, while the SME Go Digital Programme is the government’s scheme meant to help small and medium-sized enterprises in Singapore. Our company registration consultants in Singapore can assist those interested in setting up small or larger companies in the city-state.

What does the 99% SME e-marketplace imply for Singapore companies?

The 99% SME campaign was launched by one of the largest telecom companies in Singapore in collaboration with one of the largest banks in the Lion city and its main goal is to help SMEs to digitize and reduce the disruptions related to the implementation of new technologies.

The same program will assist Singapore companies to launch their business in the online environment by allowing them to access the e-marketplace created under the 99% SME project.

Our Singapore company formation specialists can guide investors who want to set up online businesses here.

The SME GO Digital Programme was introduced with the 2017 Budget

Apart from the assistance received from the Singapore private sector, the government launched its own tool with the aim of assisting companies seeking to enhance their digital competences or those interested in acquiring these skills. The idea of the SME GO Digital Programme was part of the support measures introduced in this year’s budget and it is based on two principal ideas:

  • -          to go digital, a company needs adequate tools to drive the much-sought growth;
  • -          the right partners who can offer the advice that makes the difference between success and failure.

Simply put, through the SME GO Digital Initiative Singapore companies will receive advice in implementing new technologies, will have the chance to access the existing SME Centre and the SME Technology Hub which will soon be enabled by the Infocomm Media Development Authority.

 

How can you open a company in Singapore?

Our company formation advisors in Singapore can help foreign and local investors set up traditional or online businesses in the city-state in various industries, so please feel free to contact us.

 

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