01 Mar '12, 11am

Singapore to be 'the next Silicon Valley'

LONDON - The country has always been a popular destination for multinationals given its ease of doing business, use of English as the first language and location as the gateway to Asia. But recently it has been targeted by hi-tech players, internet start-ups and incubator funds looking to tap into the region's entrepreneurial and tech-savvy spirit. The latest entrant is a US$10 million (S$1.25 million) incubator fund called Golden Gate Ventures (GGV) which aims to build a partnership between Silicon Valley and Asia. One way of doing this will be to send high-performing Asian entrepreneurs to the US to work with leading start-ups in Silicon Valley. One of the venture capitalists behind GGV, Mr Vinnie Lauria, said: "I see a lot of opportunity here. Silicon Valley is Silicon Valley. But in this region there are a lot of new tech start-ups coming who are going to do really wel...

Full article: http://www.todayonline.com/TechandDigital/EDC120301-00002...

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