21 Jan '13, 1pm

Lessons on Start-up Commons From Hong Kong And Singapore

Lessons on Start-up Commons From Hong Kong And Singapore

The Chinese characters for "Hong Kong". (Photo credit: Wikipedia) On January 21 I returned from two weeks in Hong Kong and Singapore. The trip took 26 Babson College MBAs to visit with start-up CEOs, capital providers, and professors so they could learn about what it takes to start a business in these locations. The biggest lesson for Manila is that that governments can’t force start-ups to happen if they don’t fit the local culture. The start-up common is based on a simple idea – a city or town has resources that can help or hinder the development of start-ups in that location. If those who create the resources give back to that start-up common, the location attracts more start-ups. If not, start-ups locate elsewhere. It looks to me like start-ups are mostly good for a city or town. After all, they add jobs and tax revenue. And they spur the creation of related businesses...

Full article: http://www.forbes.com/sites/petercohan/2013/01/21/lessons...

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