More upcoming initiatives to support SMEs

More upcoming initiatives to support SMEs

SINGAPORE - Minister for Trade and Industry Lim Hng Kiang announced today further details on initiatives to support SMEs - namely the Collaborative Industry Projects (CIP), SME Talent Programme (STP) and Market Readiness Assistance (MRA).

Both CIP and STP were announced at Budget 2013 as part of the recent SME Review.

Collaborative Industry Projects (CIP)

The CIP initiative seeks to help address key productivity challenges in various industries by facilitating partnerships between SMEs and solution providers to develop and test scalable productivity solutions.

Under the initiative, the Restaurant Association of Singapore (RAS) is issuing a Call for Collaboration to encourage food services companies to work with food manufacturers or suppliers to outsource preparation and production of food items which are not the core offerings on their menus.

Through such collaboration, restaurants can focus on producing speciality dishes and minimise food preparation at the outlets. This partnership also aims to bring about new business opportunities for food manufacturers and improve their scale of production.

RAS is working with Singapore Food Manufacturers' Association (SFMA) and Singapore Manufacturing Federation (SMF) for this initiative.

In addition, other TACs - including Packaging Council of Singapore (PCS), Print and Media Association Singapore (PMAS), Singapore Logistics Association (SLA), Singapore Transport Association (STA) and Singapore Association for Private Education (SAPE) - will be working with SPRING to issue Calls-for-Collaboration to address specific productivity challenges in their industries.

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