When fully realized, these efforts are expected to generate some $17.9 billion in value-add and create 23,000 skilled jobs for the Singapore economy.
22,100 enterprises in Singapore had leveraged on the support of government agency Enterprise Singapore (ESG) in 2021 to embark on projects to build new business capabilities, innovate and expand overseas.
The latest number is a 44% surge from that in 2020, ESG – an agency parked under the Ministry of Trade and Industry (MTI) - revealed in its year-in-review press conference on Feb 11.
