The Singapore Economic Development Board (EDB) is the lead agency that plans and executes strategies to sustain Singapore as a compelling global hub for business and investment. It enables multinational and Singapore-based companies to enhance and upgrade to higher value-creating operations across manufacturing and internationally traded services, in a knowledge-driven globalised economy.
Set up in 1961, EDB acts as catalyst and facilitator to nurture a vibrant, self-sustaining enterprise ecosystem, a conducive total environment for startups and companies of all sizes. The Board works closely with other agencies to promote innovation and develop human, intellectual, financial and cultural capital in Singapore.
EDB's vision for Singapore is to be a vibrant and robust knowledge-based economy.
To realise this vision, the EDB's mission is to promote and develop knowledge-driven industries in Singapore. The Industry 21 programme (I21) was launched in January 1999, as a blueprint for Singapore's economic success in the 21st century.
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