In Singapore, ACE finalizing new measures to promote entrepreneurship in schools

September 25, 2012 by  

ACE Teo Ser Luck

The Action Community for Entrepreneurship (ACE) is working with the Ministry of Education on a new program to develop entrepreneurs in schools, said Teo Ser Luck, Singapore’s Minister-of-State for the Ministry of Trade and Industry (MTI).

He spoke to SGE yesterday while making his first visit to Block 71,  a business cluster for tech startups. The companies he visited were: Burpple, Paywhere, Stream Media, and Zimplistic. Mr Teo is the chairman of ACE, a private-public sector collaboration that promotes entrepreneurship.

Currently under deliberation, the new measures will be implemented across all the entire spectrum, including secondary schools, ITEs, and polytechnics.  Read more

Live blog: One-on-one with Philip Lim, CEO of Exploit Technologies

March 2, 2012 by  

Exploit Technologies is the commercialization arm of A*STAR, a research agency of the Singapore government. Philip Lim joined Exploit Technologies in August 2009 as its General Manager, and was appointed the Chief Executive Officer in December 2009.

He has engaged extensively with many members of the A*STAR community and has led Exploit Technologies in a comprehensive review of its roles and responsibilities. Read more

Live blog: One-on-one with Michael Yap about S’pore as an Interactive Digital Media platform

March 1, 2012 by  

VentureBeat founder and editor-in-chief Matt Marshall will be having a discussion with Michael Yap, Deputy CEO and Executive Director of Interactive Digital Media Programme Office, Media Development Authority of Singapore. They will be speaking on the nation as an Interactive Digital Media platform. Read more

Singapore’s YES! Startup seed fund no more, resurrects as ACE Startups

January 19, 2012 by  

The YES! Startup scheme, a government seed fund that has been around since 2008, is no more. It is being replaced by ACE Startups, which will accept applications from 1st February.

The new initiative was announced at a press conference today, and is positioned as an improvement on YES! Startup.

While YES! had an upper age limit of 26, ACE will do away with this requirement to cater to older applicants like mid-career professionals, retirees, and seniors (more about older entrepreneurs). Read more

Government intervention in entrepreneurship: When is it too much?

December 26, 2011 by  

Fearless is a word often used to describe Karen Kerrigan, a think tank member of the World Entrepreneurship Forum, and it’s not difficult to see why.

Deciding that entrepreneurs weren’t getting the attention they deserved from government bodies, she founded the Small Business & Entrepreneurship Council (SBE) in the US, ruffling more than a few establishment feathers in the process.

Started in 1994, the SBE is a research and advocacy organization dedicated to help small business owners and promote entrepreneurship.

Today, the think tank has more than 70,000 members and she is one of the most influential voices in Congress, having led several key initiatives to improve business conditions for entrepreneurs and foster US and global entrepreneurship. Read more

S’pore’s *SCAPE to launch program for young entrepreneurs, but is it doomed to fail?

December 24, 2011 by  

Come March 2012, *SCAPE will launch a new entrepreneurship program to reach youth-run businesses. By June, the government-supported hang-out spot for youths will open up its space to house 35 small-scale businesses, reported Channel NewsAsia.

The entrepreneurs will still have to pay market rental rates, but they will receive training on how to successfully run their businesses. Read more

By 2015, one business licensing portal to rule them all

November 21, 2011 by  

There are more than 250 business licenses in Singapore alone. The government hopes that by 2015, business owners will be able to apply for, update, and renew all of them in one integrated portal, reported Channel NewsAsia. Read more

The link between creativity, freedom, and entrepreneurship

November 4, 2011 by  

Banyan Tree executive chairman Ho Kwon Ping talks about the 'New Normal'. Photo: EMLYON Business School

At a plenary session of the World Entrepreneurship Forum held in Singapore on 3rd November, entrepreneurs, thinkers, and a French mayor gave their takes on how to encourage entrepreneurship globally.

But the remark that encapsulated the discussion turned out not to be from the panelists, but a member of the audience during the Q&A session.

We don’t just need STEM education — science, technology, engineering, and mathamatics; we need STEM LA, said the American who has lived in Singapore for many years. Read more

MPs touched on entrepreneurship at recent Parliamentary debates

November 2, 2011 by  

At the most recent Parliamentary debates that concluded in October, entrepreneurship was one of the topics that were touched upon by Members-of-Parliament.

Broadly speaking, they are calling on the Singapore government to do even more to help foster an entrepreneurship-friendly environment in the country.

First to the podium was Teo Ser Luck, the Minister of State for the Ministry of Trade and Industry. While he recognized that entrepreneurship has now become “something of a buzz and an in-thing” among both the young as well as the old, he also admitted that much more can be done to foster innovation and risk-taking. Read more

LobangClub asked by authorities to remove cigarette postings

October 31, 2011 by  

What happens when your app was used to put up listings of tobacco products, an act that is potentially illegal under Singapore law?

That was the dilemma Shen Guyi, co-founder and CEO of LobangClub faced. If you remember, LobangClub is an app that allows users to easily compare and post the price of goods across multiple retail stores to help people find the best deals. We featured the app in September 2011.

So what exactly happened? Read more