30 Mar '11, 9pm

Failure is a necessary part of a flourishing innovative entrepreneurial ecosystem: Commentary

Singapore, although far from Silicon Valley, has a vibrant entrepreneurial ecosystem, and I have been impressed by the passion and talent of its entrepreneurs since my wife and I moved here a year ago. The Government plays a big role in the city's ecosystem - administering grants and programmes that provide financial support for start-up companies. Innosight benefits directly from one of these programmes. Our IDEAS Ventures fund is a joint arrangement with the National Research Foundation as part of the National Framework for Innovation and Enterprise. Government support is beneficial but venture capitalist investor Mike Maples recently made a point in a conversation with TechCrunch that crystallised a nagging concern that I have had about Singapore: It is too hard for companies to fail. One topic of Maple's discussion was whether it is too easy to start a company (a point...

Full article: http://www.todayonline.com/Singapore/EDC110331-0000019/In...

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