13 Oct '11, 12pm

Tech startups blossoming in Singapore, but lack of funding a major obstacle (via SG Entrepreneurs)

Tech startups blossoming in Singapore, but lack of funding a major obstacle October 13, 2011 by Terence LEE A recent survey by the National Research Foundation has revealed that close to 5,000 new tech startups were registered in Singapore every year since 2006, or just under 10 percent of all new enterprises. The proportion of tech enterprises below five years old has gone up as a result. Also, the survey found that 61% of all new enterprises in Singapore survived beyond three years, comparable to the US (59%) and several European countries (60%). These results were revealed by Singapore’s Deputy Prime Minister Teo Chee Hean in a speech on 13th October, at the annual Techventure conference held at the Marina Bay Sands. The event gathers entrepreneurs and investors from all over the world to discuss the latest trends in technology. The Deputy PM also mentioned that startup...

Full article: http://sgentrepreneurs.com/news-stop/2011/10/13/tech-star...

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