23 Mar '11, 3pm

Venture capital industry needs more support

Venture capital industry needs more support

SINGAPORE : Venture capital funding for Singapore's small and medium enterprises (SMEs) falls short by global comparison, according to a Global Entrepreneurship and Development Index (GEDI). The index is part of a study that surveyed SME sentiments across 71 countries conducted by Zoltan Acs of George Mason University in the United States and Erkko Autio of the Imperial College Business School in the United Kingdom. Experts said the venture capital (VC) industry in Singapore requires more support. Singapore may be one of the most enterprising countries in Asia-Pacific, ranking 15th globally, according to the overall GEDI index, which measures entrepreneurial sentiment such as attitudes, activity and aspirations. Only Australia, at 11th position, did better in the Asia-Pacific region. "Entrepreneurial attitude" measures the ability of SMEs to identify and seize market oppor...

Full article: http://www.channelnewsasia.com/stories/singaporebusinessn...

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