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More SMEs take on Spring Singapore-supported projects in 2013

Published on Feb 11, 2014 3:52 PM

More than 3,400 small and medium-sized enterprises (SMEs) embarked on projects supported by Spring Singapore last year, up 10 per cent from 2012.

An overwhelming majority - about 80 per cent - of the companies were micro and small enterprises, Spring said at its annual year-in-review on Feb 11.

Some of these projects benefited from initiatives that Spring had rolled out last year, such as the Partnerships for Capability Transformation (Pact) scheme.

This scheme encourages big companies to partner with SMEs on mutually-beneficial projects.

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