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SME Convention 2017 looks at growth opportunities for 2018 with special focus on Government Procurement

13 Oct 17 - Organised by the SBF-led SME Committee, the SME Convention 2017 featured the release of the Government Procurement Handbook for SMEs, as well as examined the findings of the SBF-NUS Government Procurement Survey.

13 October 2017 [Singapore] -With “Opportunities in 2018” as its theme, the Singapore Business Federation (SBF)-led SME Committee’s SME Convention 2017 sought to help our SMEs build capabilities and access markets for business expansion.

A key feature of the convention was the release of the “Government Procurement: A Best Practices Guide” to better help SMEs leverage growth opportunities in government procurement (GP) projects. Put together by the Government Procurement Working Group of the SBF-led SME Committee, the guide outlines essential steps for business keen on tendering for Government contracts.

There was also a presentation on survey findings conducted by the National University of Singapore (NUS) on the involvement of SMEs in the Singapore GP scene.
Gracing the convention was Senior Minister of State for Trade and Industry and Culture, Community and Youth, and Advisor to the SBF-led SME Committee, Ms Sim Ann, who delivered the keynote address and participated in a panel discussion on SMEC’s possible budget recommendations for 2018 moderated by SBF CEO Mr Ho Meng Kit.

The Convention highlighted several key themes affecting SMEs as they prepare and transform themselves to be future-ready through internationalisation, digitalisation, and human resource strategies.

On internationalisation, IE Singapore presented its newly launched “Tariff Finder” platform for SMEs to obtain information on tariff and non-tariff measures on Singapore’s network of 23 Free Trade Agreements to facilitate export of goods.

To help address the challenges of digitalisation, IBM touched on possible solutions for SMEs to innovate or grow their current businesses, while SGX and CapBridge presented on fund-raising strategies to exploit opportunities and manage challenges in the future economy.

SMEC Chairman Mr Lawrence Leow said, “The theme for this year’s SME Convention is “Opportunities in 2018” and aptly so as amid the challenges facing businesses next year, opportunities abound. 2018 is an important year for the local business community. Singapore will assume chairmanship of ASEAN, which will bring greater opportunities for SMEs to internationalise by leveraging the ASEAN network.

2018 also marks the establishment of Enterprise Singapore, a merger of IE Singapore and SPRING Singapore, two important agencies involved in driving the growth and development of SMEs. The SMEC looks forward to working closely with Enterprise Singapore at the outset to improve and strengthen the SME business ecosystem as part of our common transformation journey towards a new future economy.”

Held at Parkroyal on Beach Road, the SME Convention 2017 was attended by some 500 participants from the SME community, sponsors, partners and stakeholders.

Government Procurement: A Best Practices Guide

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