On September 5, 2017, Singapore announced that two prominent government agencies, International Enterprise Singapore (IE Singapore), and SPRING Singapore, will merge into a new agency, Enterprise Singapore, by 2018, to help Singaporean companies grow and go global.
The two agencies bring formidable expertise – IE Singapore helps Singapore companies go global and SPRING Singapore helps companies develop their capabilities. The marriage is ideal, especially since Singapore is a prime regional hub for business and an excellent springboard for ambitious Singapore companies aiming to grow beyond its shores.
Small and medium businesses (SMBs) would especially benefit from this merger. After all, 80% of companies that have gone global were SMBs.