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]
Singapore regional hub for tech and innovation