SINGAPORE - There will be more support for promising companies to help accelerate their growth despite the coronavirus pandemic, said Minister for Trade and Industry Chan Chun Sing during a press briefing on the precision engineering sector on Monday .To better support such companies, he announced that the Scale-up SG scheme will be enhanced, with the level of government funding raised to 80 per cent from 70 per cent until September 2021 so as to lighten cost pressures.
Under the programme, held over 2.5 years, companies work with partners such as McKinsey & Company and PwC Singapore and learn from one another to strategise and execute business acceleration plans. "We are going to step up our efforts to help many of these good companies, aspiring companies, to grow, and also to create more jobs in Singapore," he said.
"Our promise to all our promising companies is that, so long as they have the ambition, so long as they have the drive, we will find the means to help them realise their dreams to penetrate the global markets, and to grow from strength to strength. We will find the resources necessary to support our companies to grow, so that they can create more and better jobs for fellow Singaporeans.""AEM did not just grow as an individual company.