ENTREPRENEURS MUST AIM HIGH TO CAPTURE GLOBAL MARKET, SAYS S'PORE TRADE MINISTER

SINGAPORE, Aug 22 (Bernama) -- Singaporean entrepreneurs, including
start-ups, are urged to be ambitious and take the opportunity to capture the
global market share.

In stating this, Minister of State for Trade and Industry Teo Ser Luck said:
"As you advance in your career as an entrepreneur, I encourage you to dream big
and think global, and not be constrained by our small domestic market.

"The world is your oyster. Having global ambitions will help you to seize
opportunities out there. Great success awaits those who dare to dream big," he
said in speech at the Start-up Enterprise Conference here Monday.

The conference was co-organised by the Accounting and Corporate Regulatory
Authority, DP Bureau and the Action Community for Entrepreneurship.

The minister said start-ups are an important part of the Republic, as they
form the pipeline for great companies to emerge.

Teo said a conducive business environment does not necessarily give rise to
a vibrant start-up community or good start-ups.

"To build a vibrant start-up community, we need entrepreneurs who are
ambitious, innovative, and able to provide good solutions to the market," he
added.

He also said that the government recognises that entrepreneurship is a key
pillar of growth for its economy and has therefore been promoting a
pro-enterprise environment.

"By changing mindsets towards entrepreneurship, building up the
infrastructure to support entrepreneurs and reducing the regulatory burden on
businesses, we have fostered a strong environment for businesses to thrive.

"We also have in place a comprehensive suite of assistance programmes to
help start-ups and young businesses grow. These programmes range from tax
incentives to financial assistance," he added.