This year marks the tenth anniversary of the Ernst & Young Singapore Entrepreneur of the Year Award, the results of which were announced this week.
It also marks ten years since the Singapore government established an Economic Review Committee to fundamentally review the country’s development strategy, and formulate a blueprint for economic restructuring.
(Photo: The Parliament House. By Kojach)
The National Research Foundation (NRF), an organization set up by the Singapore government to fund R&D and technopreneurship, is calling for more incubators to participate in its Technology Incubation Scheme (TIS).
The announcement was made by Dr Francis Yeoh, the CEO of NRF at Techventure 2011 on 14th October. Read more
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. Read more
This is the second article from the “Mistakes made, lessons learnt” series. Check out all the articles here.
Company & founder: Homespace.sg, Vinod Nair
Biggest mistake made: Not having a clear business model right from the start
Most memorable setback: Having to shut down the service totally after a year’s work.
Before PropertyGuru and iProperty dominated online property search in Singapore, there was Homespace.sg, a portal which connected property buyers with sellers (see articles on the website here and here). Although packed with an impressive suite of features, they eventually failed to live up to expectations. We met with co-founder Vinod to glean from his experiences. Read more
Depending on who you ask, Singapore is either one of the most innovative countries in the world or underperforming in that aspect.
The 2011 Global Competitiveness Report by the World Economic Forum clearly thinks Singapore falls in the latter category. While it scores highly for lack of corruption, government efficiency (1st for both), and infrastructure (3rd), it lags behind for adoption of latest technologies (10th), measures that support sophistication of companies (15th), and capacity for innovation (22nd). Read more
The IDM Jump-start and Mentor (i.JAM) program is calling for incubators to support and mentor promising startups. Selected incubators will work closely with the IDM Programme Office to assist startups to secure Series A funding. Read more
Unless you’ve been living in a cave (or too busy working on your app), you would know that Wikileaks has released all its diplomatic cables — 251,287 of them. For Singapore alone, there are 700 cables obtained from the US Embassy.
Those looking for scandalous information that will rock the nation will be disappointed — no heads are set to roll. But one cable is of interest to entrepreneurs: Created in 2007, the document charts the Singapore government’s push towards supporting innovation and entrepreneurship, and the obstacles they face in driving the country towards a knowledge-based economy. Read more
The Infocomm Development Authority of Singapore (IDA) issued a second call-for-proposal for its iSTART:ACE program. Enterprises selected will have up to 50% of staffing costs for up to a year co-funded by the government agency. The maximum grant amount per company is capped at S$250,000 (US$207,000). Read more
At Singapore’s National Day Rally on August 20, an equivalent of the US’s State of the Union address, BioMers and Joan Bowen Cafe were highlighted by Singapore Prime Minister Lee Hsien Loong at different parts of his speech as examples of exemplary initiatives by Singaporeans.
While justifying why foreign students are needed in local institutions despite taking away places for local students, he brought up the example of BioMers, a startup with a mix of Singaporean and foreign co-founders.
Started by students from the National University of Singapore, the company’s flagship product is the SimpliClear braces system, a translucent, almost invisible braces system that is customized for each patient. Read more
For half-an-hour, Singapore presidential aspirant Dr Tony Tan sat under the spotlight, his glistening white mane emphasizing his 71 years of age and extensive experience in both the private and public sector.
Displaying the calm and measured demeanor of an elder statesman, he took in a barrage of questions from 30 odd entrepreneurs and investors regarding the state of innovation in Singapore. Held at The Pigeonhole Cafe on August 3, the question and answer session is part of a regular SGE event called Chillin’ With — which gathers innovators in a casual setting to connect with one another. The moderators were SGE chief editor Gwendolyn Regina Tan and lead developer Isaac Timothy Tay.
Photo: This is not the first time Dr Tony Tan (left) has engaged entrepreneurs like Gwendolyn (center) and Isaac, co-founder and lead developer of SGE respectively. Read more