Singapore is expanding it’s entrepreneurship ecosystem, encouraging innovations from within that deliver solutions locally and capable of scaling globally. JTC LaunchPad @ One-North overflows with over 500 start-ups, and the Government announced expansion plans to double its capacity. At the National University of Singapore, the Government is spawning ventures based on scientific breakthroughs by connecting researchers and inventors with private investors, and granting S$5 for every S$1 of private investment, up to S$500,000.
Some of these investments have yielded breakthroughs in desalination, construction, and food production - strategic investments to overcome Singapore’s challenges that are vital to the well-being of its people.
Value for Dubai
Creating integrated spaces for startups, incubators and accelerators to spur local innovation would align perfectly with UAE Vision 2021 of transitioning the UAE to a knowledge-based economy that promotes innovation, research and development. Moreover, greater investment in universities to build local intellectual capital, along with connecting local inventors and researchers with investors could help universities tailor their research and build ventures to overcome industry, and national challenges.