TL;DR - Singapore is a fast-growing up for VC and startup activity. The government plays a crucial role in the development of these hub areas.
Helpfulness - 4
Topic Tags - Hubs, emerging hubs, startup hubs, VC trends, Noncompete, government, incentives
- What incentives drive the formation of hubs?
- Why is Singapore a fast-developing region for VC and startups?
- Noncompete agreements may play a big role in the development of hubs. Another important factor is ‘liberal immigration policies for skilled workers.’
- The author argues limited natural resources → innovative macroeconomic approaches.
- Universities often lie at the center of hubs and are crucial to their development.
- Singapore has seen a huge growth in VC activity. “$30 million in 2011 to more than $1 billion in 2013”.
- Singapore has simple yet respected laws, allowing entrepreneurship to be easy.
- The Singapore government is also very supportive of VC and entrepreneurship both financially and emotionally.
- Singapore investments have yet to break the national border, but hope is in the air.
- Research on noncompetes https://www.nber.org/chapters/c12452.pdf