Unveiled during Deputy Prime Minister Lawrence Wong's Budget 2024 speech, the enhanced Partnerships for Capability Transformation (PACT) scheme marks a significant milestone in Singapore's commitment to empowering small and medium enterprises (SMEs) on the global stage. 

Since its inception in 2010, PACT has catalysed co-innovation and internationalisation projects, fostering collaborations between local SMEs and multinational enterprises (MNEs). 

Now, with strategic enhancements, the scheme offers SMEs unparalleled opportunities to bridge skill gaps, integrate new capabilities, and thrive in a competitive landscape. 

We =delve into the intricacies with industry leaders, John Eng, Vice President, Economic Development Board & Khoo Boo Hor, Chief Executive and Executive Director, Sunningdale Tech on successful partnerships, evolving strategies, and the future of innovation within Singapore's vibrant SME ecosystem.

Presented by Emaad Akhtar

This podcast is produced and edited by Anthea Ng (nganthea@sph.com.sg)

She produces Mind Your Business, Biz-How-To and Breakfast Special segments on the Breakfast Show.

Do contact her for topics: C-Suite, SME, Startups, Healthtech, Sustainability, Property, Intergenerational Family Business, Industry Outlook, Fintech and trending businesses in town.