Problem here is too much wayanging around. So few really killer apps or ideas. Mostly just copy or big, fancy and useless. For example… rednano. Off hand I can only remember this one but if I go back to my library of press release of funded “good” ideas. I'm sure there are a few more even non savvy users will tell you it's stupid to fund something like that.

As some of my friends like to say to me “What's the use of this stupid thing?”

Hahaha… usual reply. I dunno…

Problem here is too much wayanging around. So few really killer apps or ideas. Mostly just copy or big, fancy and useless. For example… rednano. Off hand I can only remember this one but if I go back to my library of press release of funded “good” ideas. I'm sure there are a few more even non savvy users will tell you it's stupid to fund something like that.

As some of my friends like to say to me “What's the use of this stupid thing?”

Hahaha… usual reply. I dunno…

Hmm…that is the irony. They did not practise what they preached.

When there is a successful case, they tend to use it as an example but they forgot about how these entrepreneurs were being treated when they first started off.

Understand many roles not only of own role so that communication can be make across the “board”, otherwise there will be “expensive” lessons to be learnt for entrepreneur.

Don’t repeat and follow the biotech’s lesson in Singapore. Knows what one getting into.
Period.

There are 3 types of people:

The first are people who know all the problems and selectively place their bets

The second are people who don’t care or don’t know about the problems but just go ahead to bet

The third are people who analyze too deep into the problems they never dare to bet

i am not from your age group. Being younger, i am not sucked into that same system as most of the protagonists in your statements are. I am Singaporean too and I recently graduated. I am neither pro nor anti-govt. I believe incumbents will always have both accolades and brickbats thrown at them all the time and yes the current administration might be more than a tad cold and unfeeling in policies at times.

I am not going to counter your points. I believe they are valid from your own personal experiences and perspectives gained over the years.

All i want to say is i believe in a better future for Singaporean entrepreneurs. I believe the only way out of a difficult situation is to look on with optimism. If you cannot do that, at least do not pour undue scorn and scepticism on others who do. Offer your viewpoints + reality checks and help those who are hopeful succeed if you wish.

Accepting the status quo without contributing does not help. I am not addressing these at you. I believe you guys care enough to offer your opinions and I really appreciate it. I created an organization to advance youths’s interest in entrepreneurship because we need a community to feel that there are other youths who think like us and social support is paramount.

But we mustn’t spend all day taking about these issues, lets take a proactive attitude and try to build an empire in the situation that is giving to us. (Which is not too bad thinking that I could be born in other war torn places or if I am fighting for hunger or worse, disease.)

Can it be true ??? Well, ask those around who bid projects against GLC and its’s related companies, and you see the same thing as happened in NKF, where sometimes “relationship matter more than anything else”. Maybe it just human nature or “guanxi”.

I won’t say it’s wrong but it’s just business as usual. The case of open-bidding is sometimes a “smokescreen” to bring price down and reap good profit though in reality at expense of service and product and to show that companies is “open to competition and ideas”. Most usually already has a pre-determined company to work with. Open-bidding is just “a very good way” to get proposal for free and don’t have to pay expensive consultant to do it, and moreoever, also get a diversity of ideas.

True or not, well, just mix around with people who “been there” will help one find the answer.

Perhaps, that’s why ppl say that business world is deceptive, cunning and shrewd, and to succeed require a “distinctive mindset” to win. Ever wonder why Singapore GLC keep losing money in oversea investment ??? I believe the lack of international business experience and understanding of other culture is the cause. The same thing they apply to Singapore can never applies to other countries but yet GLC try to do likewise. They seem to take a single food for everybody approach. Other country’s people are just to “disobedient” compare to the “obedient” Singaporean.