SINGAPORE: It was not too long ago that detractors were pouring cold water on Singapore's efforts to nurture entrepreneurs and start-ups.
For example, a 2012 Reuters' article headlined “Failure to launch: Singapore start-ups struggle to woo investors”, talked about how the country's push "to become a hotbed for entrepreneurs is stuck at stage one" and only 2 per cent of the total venture capital investment in Asia were flowing into Singapore.
Image: It may have been a slow start for Singapore but within a decade, what had seemed like an innovation desert is now looking like a flourishing oasis — so much so that Singapore is being dubbed the "Silicon Valley of Asia". (Photo: Unsplash/Marvin Meyer)
