Singaporean Government Policies and Initiatives

Apart from the government initiative the overall environment in Singapore is also geared up towards entrepreneurship. There are various workshops and award programs which are arranged around the topic of entrepreneurship. Also the Singapore city provides world class atmosphere which will attract various entrepreneurs to make it their home. Singapore’s cosmopolitan environment also helps the people from various countries to settle there. It also attracts investments from high net worth individuals to invest their money in Singaporean enterprises. There were also some efforts to attract the talent which helped build USA to replicate similar success in Singapore.

Thus Singapore strives to build local enterprises by providing all kind of help to entrepreneurs. It also provides an excellent access network to the markets all over the world through its port. Singapore is relatively new to the entrepreneurship. However, it has already developed lot of infrastructures for the entrepreneurs in a few identified areas. It is ranked very highly in various surveys on the ability of the state to provide the required infrastructure to an entrepreneur. Generally, the entrepreneurs have nothing much to complain about the government other than the sometimes vague government policies. The report indicated the need to promote further local enterprises. So the government worked on a development plan for small and medium enterprises (SME). This SME master plan outlined the various infrastructure supports which the government will provide the ventures.