Live blog: Panel on why you should do business in Singapore
March 1, 2012 by Kim Sia Sim
Robert Kim is the director of consumer infocomm at Singapore’s Infocomm Development Authority, where he plays industry development role in the areas of start-ups/entrepreneurship, online gaming and digital media. He will be interviewed by VentureBeat founder and editor-in-chief Matt Marshall.
All right, that is it in terms of the Panel about why you should do your startup in Singapore.
Look out for us tomorrow!
Robert: In terms of inspiration, the local home grown gaming companies have expanded to countries as far flown as Taiwan, Vietnam, getting in the millions in terms of the registered users.
So we really want this to inspire more entrepreneurs to come onboard.
Matt: Can you talk in details about the subsidies that you enjoy in terms of hiring technical talent?
Joerg: The fundings have allowed us to quickly to build up the teams.
Paul: There has been a lot of support from IDA to help us with even the cross-border issues when we hire our talents from other countries.
The Government has also been hard at work wooing those talents in places such as MIT and this has given me a sense of assurance about the Government’s commitment to grow a conducive environment for startups.
Matt: Joerg, what about you? You have successfully set up in Germany. Why you choose Singapore?
Joerg: We were looking at HongKong because it is closer to China. The clear advantage for Singapore is the costs of doing business here.
Matt: Dib, please elaborate on why you said Singapore is the best place to do a startup? In fact, you believed it to be better than the US.
Dib: Singapore allows us to be closer to our target markets in Asia and also closer to the developing markets which we also target. Compared to US.
Once more startups get successful here, there will be a spiral of success going on. I see this happening soon in the next 3-4 years.
Matt: How do these startups should focus on? Gaming, mobile, etc?
Robert: Local talents should work with international talents so as to leverage access to insights about markets outside Singapore.
Events like DemoAsia also provide access and great publicity to other markets for startups. So startups should take advantage of this.
Robert: Why Singapore? MNCs based here, strong laws, stability, talents, funding schemes, hub for tech.
(Addressing culturally that Singapore is becoming more interesting to live) There are the Integrated Resorts, more world class performances setting up stage here. Things are changing, culturally.
Joerg: answering on Why Singapore? Infrastructure, IDA helping us, talent and access to investors
Paul: Opening in 1st April. Big reason for Singapore? Best test bed for urban planning data visualization.
Paul: We are Silicon based and we are into urban planning in the SaaS space. Visualizations of data is here to stay. In 3D.
Matt: Paul, what does your company do? Why you in Singapore?
All right, here it is.
Robert Kim, Director of Consumer Infocomm, IDA of Singapore
Joerg Krahnert, MD of Netbiscuits
Paul Doherty, President of ScreamPoint
Dib Chaudhuri, Co founder of Lakshaya Digital
Moderated by Matt Marshall. Let’s go!
All right it is already 5pm. We are running into overtime like the Oscars. We would be going into the Robert Kim discussion straight after this panel discussion of web technology.
Hi there, this is KimSia. I previously covered the cloud and enterprise pitches today. I will also be covering the Robert Kim discussion later at 5pm 1st March 2012 in DemoAsia.
Find out more about SGE’s research arm: SGE Insights, providing customized in-depth research reports to help you navigate the business of technology in Asia.
About The Author
Kim Sia Sim -
KimSia was previously involved in a startup under Thymos Capital and iJam scheme. He is now experimenting with 2 new possible ideas - one in cloud services and another in social space. He will be presenting a talk on procrastination in blinkbl-nk in March.Read other posts by Kim Sia Sim