IBF will work with various associations, industry leaders and government to reach out to businesses to share information on new industry trends and opportunities, as well as how businesses can tap government assistance to support their capability development and growth.
IBF is putting in efforts to raise productivity and upgrade the capabilities of their members, primarily small and medium-sized enterprises (SMEs) to play a leadership role to shape our business environment, guide our businesses in working together to build new capabilities, develop competitive advantage and tap opportunities through innovation, collaboration as well as internationalisation.
Industry associations can assume the role as SME consortium facilitators, agglomerating SMEs, increasing the resource base and gaining economics of scale. At the same time, the government can provide these newly formed consortiums with the opportunity to work together and build trust, via state tenders.
