Singapore's formula to becoming a regional hub for tech and innovation

tech and innovation

For a small country with no natural resources and a population of just 5.6 million, how did Singapore transform itself into a hotbed for tech and innovation? The secret formula, as it turns out, is not so secret after all.

Stripped down to its elements, it comes down to creating what S. Iswaran, Singapore's minister for communications and information, calls "enabling conditions", such as policies that are friendly to businesses, a coordinated approach between universities and academia with private companies to provide a trained work-force, and a high quality of life to attract globally-mobile entrepreneurs and top-grade talent who can call anywhere home.

The country is helped by its reputation for being an oasis of stability in the region, with strong legal protections for intellectual property, continuity of government policies and a highly-educated local workforce. [read more]

Source: Zen Soo and Chua Kong Ho | South China Morning Post

Singapore regional hub for tech and innovation