Supporting High-Growth Companies
Singapore’s Scale-up SG programme, designed to support high-growth potential companies, is demonstrating promising results. According to Minister for Trade and Industry Gan Kim Yong, 85 per cent of companies participating in the first three cohorts have successfully launched new businesses or products. Furthermore, over half have expanded their operations into new international markets.
Since its inception in 2019, the programme has engaged with 80 companies, providing them with tailored support in areas such as management development, business innovation, and market penetration. This collaborative approach aims to equip these companies with the necessary tools and resources to accelerate their growth trajectory.
The Scale-up SG programme plays a crucial role in fostering a dynamic and innovative business ecosystem in Singapore. By supporting high-growth companies, it contributes to job creation, strengthens Singapore’s global competitiveness, and drives economic growth.
Note: This summary provides a concise overview of the key findings regarding the Scale-up SG programme. For further details, please refer to the official parliamentary records.
