,Singapore

DBS, NTU launch program to help SMEs expand to APAC

About 30 SMEs are expected to participate in the first run of the ELT.

DBS Bank and Nanyang Technological University (NTU) will be offering a national program that aims to help the country’s leading small and medium-sized enterprises (SMEs) expand their business overseas, particularly in the Asia-Pacific Region.

In partnership with Enterprise Singapore, the one-year program called Enterprise Leadership for Transformation (ELT) will be offered in October 2021 and will be joined in by approximately 30 SMEs.

Under ELT, participants will receive lectures and workshops from NTU faculty and instructors, and senior leaders from DBS on internationalisation and innovation.

The program also “offers valuable opportunities for enterprise leaders to tap into strong local and global entrepreneurship and innovation networks to achieve greater success in their businesses,” according to Professor Lam Kwok Yan, director of Nanyang Technopreneurship Center at NTU.

For her part, Joyce Tee, group head of SME Banking at DBS, said their collaboration with NTU will “create a supportive ecosystem that enables SMEs to capitalize on the twin trends of internationalisation and innovation and propel them to the next stage of growth.”

“We know that our SMEs have what it takes to do well internationally, so our aim is to avail different avenues to support SMEs’ aspirations to spread their wings overseas. SMEs are critical to Singapore’s economic vitality, and we firmly believe that when SMEs do well, Singapore will do well,” Tee added.

DBS and NTU are also eyeing to conduct overseas immersion programmes to plug SMEs into the broader regional business ecosystems, with a focus on four business corridors, but not limited to, Singapore-Hong Kong; Singapore-China; Singapore-India; and China-Hong Kong.

Join Singapore Business Review community
Since you're here...

...there are many ways you can work with us to advertise your company and connect to your customers. Our team can help you dight and create an advertising campaign, in print and digital, on this website and in print magazine.

We can also organize a real life or digital event for you and find thought leader speakers as well as industry leaders, who could be your potential partners, to join the event. We also run some awards programmes which give you an opportunity to be recognized for your achievements during the year and you can join this as a participant or a sponsor.

Let us help you drive your business forward with a good partnership!

ARA LOGOS is currently on the 13th spot.
Meanwhile, the demand for petrochemical exports benefitted from this same crisis.
This is expected to speed up the electronic exchange of trade documents.
This is in support of achieving Absolute Zero Carbon by 2040.
Adults will only shop if goods are discounted by at least 48%, survey says.   About 54% of 1,001 Singaporean adults have plans to shop during the Black Friday sales but only if prices of goods are discounted by at least 48%, a survey from Finder.com showed.
This move is in line with its goal to accelerate recommerce growth in SEA.
The notes were released under its $3m Multicurrency Medium Term Note Programme.
Singtel showed the most growth.
Re-exports also saw an increase of 16.4% in the same month.
The marine company apologised to its workers at the dorm.
SG electricity demand peaked at 7,667MW in October 2021.
The two aim to accelerate the progression of AI.
It will focus on sustainable opportunities for companies in Singapore.
Cargo load factor, however, was down by 1.6% YoY to 97.3%.
Despite this, KF pegs their estimated total sales for the year at 13,000 units.