Singapore To Open SME Digital Tech Hub

THE one dozen centres that provide advice and assistance to small and medium enterprises (SMEs) will launch fresh efforts to promote digitalisation among such smaller businesses this year, Senior Minister of State for Trade and Industry Sim Ann said.

Speaking at the SME Centre Conference 2017 at Singapore Expo, she listed the ways in which digitisation can benefit smaller businesses.

First, it enables them to grow by enhancing productivity and innovation, and transforming their business model; secondly, it allows them to globalise.

Ms Sim, who is also Senior Minister of State for Culture, Community and Youth, noted that the Committee on the Future Economy (CFE) and the economic initiatives of Budget 2017 have both thrown the spotlight on SMEs, in a push to ensure that they keep up with the changing economy. "In a world where change is the only constant, our companies have to be nimble in order to capture emerging opportunities." She reiterated the government's pledge to support SMEs in their digitalisation journey.

The 12 SME Centres across the island, which offer free one-on-one consultation sessions, will remain the first touchpoints for SMEs, she said.

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