CHEW MOK LEE
Assistant Chief Executive Officer, ICM & Digitalisation, Enterprise Services &
New Industries, Enterprise Singapore
Chew Mok Lee
“Innovation and internationalisation efforts are essential for the long-term growth of enterprises. Done well, and we will see more Singapore brands with great products and solutions leaving their footprints globally. We certainly aspire to have more Singapore enterprises making it to the Fortune 500 list.”
What is in it for Enterprise Singapore to help companies innovate and go global?
Our domestic market is small, but also very open – and easily influenced by the evolving global business environment. For companies to be resilient and grow, they need to embrace innovation and venture beyond Singapore to keep up and stay ahead of the dynamic and competitive landscape. That is why, at Enterprise Singapore, we see innovation and internationalisation as mutually reinforcing strategies that go hand in hand together. They are essential for bringing about growth as well as enabling scale – for businesses and the Singapore economy.
What roles do tech startups play in driving innovation and advancing Singapore’s economy?
While the Singapore economy has a healthy mix of startups, small and medium-sized enterprises (SMEs) and large local and multinational companies, the tech startups segment is definitely one of the promising and innovative clusters. They challenge the status quo and introduce new ideas. In the process, they create a ripple effect that strengthens Singapore’s startup ecosystem and competitive advantage regionally and globally.
Given the importance of tech startups, how does Enterprise Singapore support greenfield tech innovations and maintain the tech industry’s vibrancy?
Over the years, we work closely with both private and public sector partners to help companies commercialise technology and bring innovations from labs to markets. And as one of the ways to bring these to the next level, we are encouraging technology and solution providers such as startups, universities, research institutes or centres of innovation to work together and come up with solutions to tackle industry specific challenges.