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Budget 2026: AI support is expanding — But are SMEs structurally ready?

Budget 2026: AI support is expanding — But are SMEs structurally ready?

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In Budget 2026, Prime Minister Lawrence Wong announced a major expansion in AI and innovation support. This ranges from national AI missions to a strategic bet on frontier technologies like quantum computing.

The question is no longer whether AI support is growing — it clearly is. Instead, the real question is: Are businesses, especially SMEs, ready to use it well?

In a Budget-special edition of Industry Insight, Lynlee Foo speaks to Kelvin Koh, Co-Chair, Singapore Enterprise Chapter of SGTech to look at what this tech push really means for Singapore’s economy.

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