Debated in Parliament on 14 Jul 2015.
Mr Yee Jenn Jong asked the Minister for Trade and Industry (a) whether he can provide a breakdown of the projects undertaken under SPRING Singapore's Partnerships for Capability Transformation (PACT) programme by industry sectors; and (b) whether more efforts will be channelled towards expanding PACT in the services sector.
The Partnership for Capability Transformation (PACT) programme was expanded in Budget 2013. Under the programme, EDB and SPRING Singapore support partnerships between large organisations1 (LOs) and SMEs from the manufacturing and services sectors. SMEs can benefit through the upgrading of their capabilities by being suppliers to LOs. They can also work together on joint innovation projects. In total, $60 million has been committed to the PACT programme from FY2013 to FY2015.
Since 2013, SPRING Singapore has supported 14 PACT projects and 461 SMEs in the services sector. In the manufacturing sector, the programme has benefited 167 SMEs and 78 PACT projects.
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