ACE takes on three main thrusts to focus on strengthening the entrepreneurial scene by,
(i) working with the community to engage and support promising entrepreneurs through resources, networks and mentorship,
(ii) being the voice to speak for entrepreneurs and lobby for relevant policy changes, and
(iii) reaching out to schools and youths to support their entrepreneurial efforts.
Minister of State for the Ministry of Trade and Industry, Mr Teo Ser Luck took over the Chairmanship in 2012 and charted a new direction for ACE: to help aspiring entrepreneurs to start their companies and guide them to become sustainable businesses.
Together with Dr Steven Fang, who was the Deputy Chairman and supported by a group of entrepreneurs from the private and public sector, a Steering Committee was formed to set the national direction and strategies for entrepreneurship. Five Sub-Committees and two Task Forces were formed to drive different focus areas under ACE.
ACE re-launched as private sector-led. Located at the heart of Singapore’s entrepreneurship action, JTC LaunchPad @ one-north, ACE is well-poised to be the one-stop hub to initiate a line-up of events and activities to actively engage the business community. In addition, there will be an Ideation Lab set up at ACE for aspiring entrepreneurs to get connected to facilities and valuable resources. A Visitor Centre which acts as a business concierge and gallery to facilitate site tours of this vibrant hamlet, and a web portal to showcase profiles of start-ups and partners, are also underway.