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Home  >>   Daily News  >>   Singapore News  >>   IT&electronics  >>   Lack of funds for high-tech
NEWS UPDATES Asean Affairs     13 October  2011                    

Lack of funds for high-tech

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The technopreneurial scene in Singapore has been abuzz with activity in the past five years, but a lack of external funding and intellectual property (IP) ownership continues to pose challenges to startups' growth, said Deputy Prime Minister Teo Chee Hean.

Speaking at the opening of the Techventure 2011 conference on Thursday, a platform for budding entrepreneurs to meet investors, Mr. Teo provided a 500 people-strong audience at Marina Bay Sands with the state of technopreneurship in Singapore.

Citing figures culled from several Government departments, he said that close to 5,000 new high-tech firms have been registered in Singapore each year since 2006. These high-tech firms made up just under 10 percent of all new companies formed every year.

More than 60 percent of all new companies survived beyond the three-year mark, similar to survival rates in the US (59 percent) and the average across parts of Europe (60 percent).


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ASEAN  ANALYSIS

This year in Thailand-what next?

AseanAffairs   04 January 2011
By David Swartzentruber      

It is commonplace in journalism to write two types of articles at the transition point between the year that has passed and the New Year. As this writer qualifies as an “old hand” in observing Thailand with a track record dating back 14 years, it is time take a shot at what may unfold in Thailand in 2011.

The first issue that can’t be answered is the health of Thailand’s beloved King Bhumibol, who is now 83 years old. He is the world's longest reigning monarch, but elaborate birthday celebrations in December failed to mask concern over his health. More

 

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