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| Background |
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The Action Community for Entrepreneurship (ACE) was launched in 26 May 2003 as a national effort to foster Singapore into a creative and entrepreneurial nation where innovation and enterprise can be translated into wealth creation and where diversity of ideas thrives. Entrepreneurship is a key pillar in strengthening Singapore’s economic competitiveness and complements our engines of growth in manufacturing and services.
ACE is a movement that involves both the private and public sectors to create a more entrepreneurial environment in Singapore. It is currently led by Mr Lee Yi Shyan who is the Minister in-charge of Entrepreneurship and Minister of State for Trade and Industry. |
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| About ACE |
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| ACE is an inclusive movement and collaborates with various partners as a change agent to build a more pro-enterprise environment through: |
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Facilitating discussion and debate on the regulatory framework; |
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Changing culture and mindset; |
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Improving access to finance; and |
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Facilitating networking and learning. | |
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| Under ACE, there are four action teams called Action Crucibles (AC) - focusing on specific areas on entrepreneurship to strategise and drive the implementation of the programmes and initiatives: |
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Culture AC – To foster a more entrepreneurial culture in Singapore. This AC currently is led by Ms Elim Chew, Managing Director, 77th Street Pte Ltd; |
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Financing AC – To improve SMEs' access to financing by developing a spectrum of financing instruments and a business environment that is conducive to supporting financing for SMEs. This AC is led by Mr Inderjit Singh, MP and CEO, Infiniti Solutions Pte Ltd; |
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Rules AC – To lower the regulatory burden on businesses through existing pro-enterprise government initiatives and to seek feedback on rules affecting businesses. This AC is led by Mr Patrick Daniel, Managing Editor, English and Malay Newspapers Division, Singapore Press Holding; and |
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Internationalisation AC – To provide focused and high quality advice to companies on their overseas venture. This AC is led by Mr Richard Eu, Group CEO, Eu Yan Sang International Ltd. | |
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| To find out more about the individual Action Crucibles, please click on "Action Crucibles & Roles" |
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