Small- and medium-sized enterprises (SMEs) that find the use of technology challenging will continue to get a helping hand, said Singapore Finance Minister Heng Swee Keat.
On 11 April, Mr Heng toured the Singapore Institute of Manufacturing Technology (SIMTech), a research institution under the Agency for Science, Technology and Research (A*STAR) that was set up for this purpose.
SIMTech develops technology and manpower, and acts as an industry matchmaker. It helps firms find ways to improve their products and workflow. The institute hopes to attract 20 per cent more manufacturing firms by 2020 to help them innovate, automate and adopt technology, according to its executive director Dr Lim Ser Yong.