03 Jul '13, 6am

When it comes to innovation, Singapore government shoots itself in the foot

When it comes to innovation, Singapore government shoots itself in the foot July 3, 2013 by Terence LEE The Singapore Parliament Building. Photo: Erwin Soo Governments can help or hinder innovation. In Silicon Valley, startups and investors would rather that the government meddle less and stick to what they do best: Provide basic infrastructure. Here in Singapore, things are a little different. Government agencies have their signature on almost every startup investment through co-funding schemes like TIS, and ACE Startups. For the most part, government agencies like SPRING Singapore and IDA, as well as universities like NUS and SUTD have been progressive in their efforts to create an oasis of innovation. Their approach has drawn praise, and I admire how they’re collecting feedback from startups and investors every step of the way, iterating on their policies as the years w...

Full article: http://sgentrepreneurs.com/2013/07/03/when-it-comes-to-in...

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