Online Business Focus | Highlights of Singapore Budget 2019

Highlights of Singapore Budget 2019

Continued investments in tech, innovation and enterprise to make Singapore number #1 regionally and internationally.

Online Business Focus

Let’s have a recap on some of the important announcements made on Singapore Budget 2019:

1. Scale-up SG Programme

   Around $4.6 billion will be invested to boost businesses and support Singaporean workers over the next three years.

   Trade promotion agency Enterprise Singapore (ESG) in partnership with the public and private sector will launch a Scale-up SG programme to assist high-growth local firms identify how they can innovate, grow and venture overseas. View Sources

   

2. Innovation Agents Programme

   Enterprise Singapore ESG will also run a two-year pilot to help firms obtain advice on innovation opportunities and ways to commercialise technology from “Innovation Agents” – industry veterans with expertise in technology and business.
   
   

3. . SME Co-Investment Fund III

   $400 million already earmarked through two rounds of fund injections in the Co-Investment Programme launched in 2010.

   

4. The extension of SMEs Go Digital

SMEs Go Digital will encourage broader adoption of digital technologies by SMEs, while extending the Enterprise Development Grant and enhancing the Productivity Solutions Grant will promote innovation.

5. Strengthening cyber security

Digital Defence as 6th pillar of Total Defence, Ministry of Home Affairs  (MHA) will setup Home Team Science & Technology agency. Home Team agencies as well as the Cyber Security Agency of Singapore also ensure a safe environment and secure cyberspace for all.

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Let’s work hand in hand and look forward to a more vibrant online industry in Singapore! Grow online together!

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