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Government development assistance programmes (GDAPs) for small- and medium-sized enterprises (SMEs) in a knowledge-based economy

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  • Leong Choon Chiang

Abstract

For many decades, Singapore has been enjoying strong economic growth and a high standard of living. Amidst growing competition from low-cost neighbouring countries and an economic downturn after the 1997/98 East Asian crisis, the Singapore Economic Development Board (EDB) is strategising Singapore's capabilities to justify her cost premium in a knowledge-based economy. The assistance schemes for entrepreneurs, such as Technopreneurship 21, Business Angel Fund and Technopreneurship Investment Fund (TIF), are targeted specifically at high-tech startups in knowledge-based and emerging sectors in Singapore. This paper examines the issues small- and medium-sized enterprises (SMEs) face in the application process of the GDAPs. It also investigates the extent of usage and relevance of the GDAPs to SMEs and makes some recommendations.

Suggested Citation

  • Leong Choon Chiang, 2004. "Government development assistance programmes (GDAPs) for small- and medium-sized enterprises (SMEs) in a knowledge-based economy," International Journal of Entrepreneurship and Innovation Management, Inderscience Enterprises Ltd, vol. 4(2/3), pages 124-137.
    • Handle: RePEc:ids:ijeima:v:4:y:2004:i:2/3:p:124-137
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