14 Sep '12, 4am

Singapore Seeks a Breakthrough to Call Its Own: The Asian nation has spent billions on R&D and lured technology

Planned city: A view of Fusionopolis, Singapore’s newest technology park. Flickr Creative Commons | yeowatzup The software that entrepreneur Terence Swee ships around the world was developed in Singapore, but you would never know it. His company, Muvee Technologies, which creates software that automatically edits videos to the beat of a music soundtrack, is vague about the exact address of its headquarters. It uses American English in its ads and holds sales on Thanksgiving rather than Chinese New Year. Its office is retrofitted with a 1950s-style American diner. "We don't explicitly state that we are from Singapore," he says. "The world is still more comfortable buying software from the USA." Singapore is ranked as one of the most innovation-friendly countries in the world. But underneath the success lurks an identity crisis: Singapore has never had a blockbuster inventio...

Full article: http://www.technologyreview.com/news/428990/singapore-see...

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Planned city: A view of Fusionopolis, Singapore’s newest technology park. Flickr Creative Commons | yeowatzup The software...

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