dotlah! dotlah!
  • Cities
  • Technology
  • Business
  • Politics
  • Society
  • Science
  • About
Social Links
  • zedreviews.com
  • citi.io
  • aster.cloud
  • liwaiwai.com
  • guzz.co.uk
  • atinatin.com
0 Likes
0 Followers
0 Subscribers
dotlah!
  • Cities
  • Technology
  • Business
  • Politics
  • Society
  • Science
  • About
  • Lah!
  • Technology

More Than 500 SMEs Access New Overseas Markets With Grow Digital

  • June 25, 2020
Total
0
Shares
0
0
0

More than 500 small and medium-sized enterprises (“SMEs”) in Singapore have gained access to new overseas markets digitally, through digital platforms under the Grow Digital initiative. Sales by Singapore companies to overseas buyers using the platforms have been brisk, growing by at least 10 per cent month-on-month this year.

Under the Grow Digital initiative, a joint initiative by Enterprise Singapore (“ESG”) and the Infocomm Media Development Authority (“IMDA”) under the SMEs Go Digital1 programme, SMEs can get a head start in going global by tapping on established Business-to-Business (“B2B”) and Business-to-Consumer (“B2C”) e-commerce platforms.

The platforms are pre-approved by ESG and IMDA for their strong regional or global networks, complementary business services providers such as logistics and financing, proven track records and experience in operating in multiple overseas markets. In doing so, SMEs can seize international business opportunities and diversify their revenue and market streams safely, without the need to establish an in-market physical presence.

Senior Minister of State for Trade and Industry & Education, Mr Chee Hong Tat, shared the update to the initiative at the “Grow Digital, Go International” webinar co-organised by ESG, IMDA and SGTech, today. More than 800 companies have registered to attend the webinar.

Platforms to help businesses scale overseas

There are currently five B2B platforms and six B2C solution partners pre-approved under Grow Digital, covering major markets with good e-commerce growth in Southeast Asia such as Hong Kong, China and India.

 B2B Platforms: The B2B platforms enable SMEs from sectors such as industrial hardware and machinery, chemicals, processed food, pharmaceuticals, retail, and office supplies, to provide their services and products online and reach out to clients in new markets.

 B2C Platforms: The Multichannel E-commerce Platform (“MEP”) Programme will help SMEs to gain rapid entry to new markets by selling their products on multiple overseas B2C e-marketplaces through a MEP provider. In addition, SMEs will receive digital marketing support and training from the Singapore Institute of Retail Studies to operate an e-commerce business.

To provide further support for SMEs during the COVID-19 pandemic period, eligible SMEs that sign up for the MEP Programme between 1 April and 30 September 2020 will receive up to 90%2 grant support.

Ms Jane Lim, Assistant Chief Executive, Sectoral Transformation Group, IMDA said, “E-commerce is a critical enabler to help SMEs cope with challenges and shifts in consumer purchasing trends brought about by Covid-19 – shifts we expect will become the new normal. Through the Grow Digital initiative, we aim to help more SMEs leverage these e-commerce opportunities, and tap on the growth in overseas markets.”

“The Grow Digital initiative is designed for SMEs who are keen to take their first steps into new markets but may not yet have the resources to invest in establishing a physical presence there. To increase the success for SMEs, ESG and IMDA have specially curated the digital platforms to maximise the reach and networks across multiple countries. SMEs will also be supported by a strong network of partners so that they have the necessary digital capabilities to support their online efforts. I urge SMEs to leverage Grow Digital to diversify their sources of revenue and seize new business opportunities beyond our shores,” said Ms Chew Mok Lee, Assistant Chief Executive, ICM & Digitalisation, Enterprise Singapore.

For more information on Grow Digital, please visit: www.imda.gov.sg/GrowDigital

About the Infocomm Media Development Authority (IMDA)
The Infocomm Media Development Authority (IMDA) leads Singapore’s digital transformation with infocomm media. To do this, IMDA will develop a dynamic digital economy and a cohesive digital society, driven by an exceptional infocomm media
(ICM) ecosystem – by developing talent, strengthening business capabilities, and enhancing Singapore’s ICM infrastructure. IMDA also regulates the telecommunications and media sectors to safeguard consumer interests while fostering a pro-business environment, and enhances Singapore’s data protection regime through the Personal Data Protection Commission.

For more news and information, visit www.imda.gov.sg or follow IMDA on Facebook IMDAsg and Twitter @IMDAsg.

About Enterprise Singapore
Enterprise Singapore (ESG) is the government agency championing enterprise development. We work with committed companies to build capabilities, innovate and internationalise.

We also support the growth of Singapore as a hub for global trading and startups, and build trust in Singapore’s products and services through quality and standards.
Visit www.enterprisesg.gov.sg for more information

 

1 The SMEs Go Digital Programme aims to make going digital simple for SMEs. Among other initiatives, it includes Start Digital, Industry Digital Plans and a range of pre-approved digital solutions that help SMEs seize growth opportunities in the digital economy.

2 Previously, eligible SMEs could receive support of up to 70% when adopting MEP solution packages or regional B2B marketplaces.

Total
0
Shares
Share
Tweet
Share
Share
Related Topics
  • B2B
  • B2C
  • COVID-19
  • Enterprise Singapore
  • ESG
  • Go International
  • Grow Digital
  • IMDA
  • Infocomm Media Development Authority
  • SME
dotlah.com

Previous Article
  • Lah!

UOB Raises More Than S$1.65 Million In A Month In Its Latest COVID-19 Relief Effort

  • June 24, 2020
View Post
Next Article
  • Technology

OCBC Bank Launches Healthcare App With Partners To Provide Access To The Largest Panel Of Telehealth Doctors

  • June 25, 2020
View Post
You May Also Like
View Post
  • Gears
  • Technology

Meet Samsung Galaxy Tab S11 Series: Packing Everything You Expect From a Premium Tablet

  • Dean Marc
  • September 4, 2025
View Post
  • Technology

Malaysia’s ‘ASEAN Shenzhen’ needs some significant legal reform to take off — here’s how

  • dotlah.com
  • August 25, 2025
View Post
  • Gears
  • Technology

Samsung Electronics Debuts Odyssey G7 Monitors, Showcasing Top Games on Its Displays at Gamescom 2025

  • Dean Marc
  • August 20, 2025
View Post
  • Artificial Intelligence
  • Technology

Thoughts on America’s AI Action Plan

  • Dean Marc
  • July 24, 2025
View Post
  • Technology

ESWIN Computing launches the EBC77 Series Single Board Computer with Ubuntu

  • dotlah.com
  • July 17, 2025
View Post
  • Gears
  • Technology

Samsung Galaxy Z Fold7: Raising the Bar for Smartphones

  • Dean Marc
  • July 9, 2025
View Post
  • Cities
  • Technology

Meralco PowerGen’s PacificLight starts up 100 MW fast-response plant in Singapore

  • dotlah.com
  • June 20, 2025
View Post
  • Technology

Apple services deliver powerful features and intelligent updates to users this autumn

  • Dean Marc
  • June 12, 2025


Trending
  • 1
    • Science
    ​NTU Scientists Transform Ultra-tough Pollen Into Flexible Material
    • March 24, 2020
  • 2
    • Lah!
    • Technology
    Singapore Wins International Award For Its Artificial Intelligence Governance And Ethics Initiatives
    • May 30, 2019
  • 3
    • Lah!
    Grab Introduces New Hygiene Measures For Ride-hailing With GrabProtect
    • June 3, 2020
  • tintern_abbey_9443 4
    • Cities
    Buildings, Tunnels And Bridges Could Soon Repair Themselves
    • January 28, 2021
  • Homework, Study and Laptop 5
    • Artificial Intelligence
    • People
    • Technology
    ChatGPT Isn’t The Death Of Homework – Just An Opportunity For Schools To Do Things Differently
    • July 28, 2023
  • online learning online education 6
    • People
    • Technology
    How Educators Can Help Students Stay Engaged In Class
    • December 9, 2020
  • 7
    • Lah!
    Calling The Young And Young At Heart: First-of-its-kind Play Attractions At Jewel Changi Airport’s Canopy Park Now Open
    • June 10, 2019
  • 8
    • Lah!
    • Technology
    Sustainable Urban Farming – Lighting Up Our Local Farms
    • March 12, 2021
  • Humans, Futurism, Intelligence and AI 9
    • People
    AI Embodies Gardner’s Vision: A Look at Multiple Intelligences
    • June 27, 2023
  • goswifties-swedish-meatballs-food 10
    • Featured
    • Food
    Fuel Your Eras Tour Fun: Must-Try Swedish Foods for Swifties in Stockholm
    • May 21, 2024
  • covid-19-lockdown-crossing-street-clay-leconey-Q1qkCeCU6dE-unsplash 11
    • Cities
    Why People Think Suburbs Are Best After Pandemic
    • April 15, 2021
  • 12
    • Technology
    StarHub Partners With AirTrunk To Provide World-Class Data Centre Services In Singapore
    • October 18, 2019
Trending
  • Smart Watch 1
    Best Smartwatches, Your Gateway to Health Monitoring and Everyday Use
    • October 5, 2025
  • Cooking pots and pans 2
    Best Pots and Pans 2025: All-Season, All-Purpose Picks for Every Kitchen
    • September 23, 2025
  • 3
    Politicians love comparing NZ’s economy to Singapore or Ireland – but it’s simplistic and misleading
    • September 21, 2025
  • Kitchen Knives - Best All-Around Picks in 2025 4
    Kitchen Knives : The Surgeons of Cooking – Best All-Around Picks in 2025
    • September 15, 2025
  • 5
    Apple unveils iPhone 17 Pro and iPhone 17 Pro Max, the most powerful and advanced Pro models ever
    • September 9, 2025
  • 6
    Apple debuts iPhone 17
    • September 9, 2025
  • Fruits and vegetables for cooking. For food processors. 7
    Food Processor: The Swiss Army Knife of the Kitchen – Best All-Around Picks in 2025
    • September 8, 2025
  • 8
    Meet Samsung Galaxy Tab S11 Series: Packing Everything You Expect From a Premium Tablet
    • September 4, 2025
  • 9
    Malaysia’s ‘ASEAN Shenzhen’ needs some significant legal reform to take off — here’s how
    • August 25, 2025
  • French Fries 10
    Air Fryer: The One Cooking Appliance to Rule Them All – Best All-Around Picks in 2025
    • August 22, 2025
Social Links
dotlah! dotlah!
  • Cities
  • Technology
  • Business
  • Politics
  • Society
  • Science
  • About
Connecting Dots Across Asia's Tech and Urban Landscape

Input your search keywords and press Enter.