25 Feb '15, 5pm

How Singapore Became an Entrepreneurial Hub

How Singapore Became an Entrepreneurial Hub

That was the predominant sentiment I heard a little more than five years ago when I told U.S.-based venture capitalists about my plans to move my family out to Singapore to oversee Innosight’s nascent investment and incubation arm. Since I had never done venture investing before, I was trying to get advice from as many people as I could. The conversations all went pretty much the same. “Why Singapore? You’ll never find any interesting deals there.” Sure, I would respond. At the time Singapore didn’t have a sizzling start-up scene. But the conditions seemed to be ripe for one to develop. Like Silicon Valley, Singapore has strong research institutions and limited enforcement of noncompete clauses, a condition that academics now suggest can be a major driver of innovation. Like Israel, Singapore is small, with limited natural resources, which means economic growth requires in...

Full article: https://hbr.org/2015/02/how-singapore-became-an-entrepren...

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