SMALL and medium-sized enterprises (SMEs) planning to internationalise can get a helping hand from trade associations and chambers (TACs) such as the Singapore Business Federation (SBF) and the Singapore Precision Engineering and Tooling Association (Speta).
These TACs have introduced various initiatives to help local companies team up and tap opportunities abroad.
Speta does this through platforms such as the Medical Manufacturing Asia (MMA) event, and the SBF through its various networking opportunities.
Platforms to unite firms
AS THE apex business chamber, SBF brings together the Singapore business community in areas such as trade, investment and industrial relations.
One of the SBF's initiatives is the special interest group Sustainable Development Business Group (SDBG).
It is a network for companies interested in building capabilities for sustainable solutions to make them more competitive internationally.
The SBF also encourages such efforts through the Singapore Sustainability Alliance (SSA) - a platform that SBF leads - which the SDBG is also a part of.
The SSA platform brings government agencies, business communities and research institutions together.
These include the Singapore Economic Development Board, Singapore Water Association, Sustainable Energy Association of Singapore, National University of Singapore and Singapore Compact for CSR, among others.