High time for the Smart Nation to dive into Startup Nation

EARLIER this year, the Global Startup Ecosystem Report and Ranking 2017 by Startup Genome, a US-based organisation, revealed that Singapore has overtaken tech mecca Silicon Valley as the world's No 1 for startup talent. The report credited Singapore's innovative policies for its success as a great startup ecosystem, and added that Singapore's performance numbers are sound and will probably continue to rise.

Despite the thriving startup landscape in this economically and geographically advantageous nation, word on the street is that there is a pronounced lack of local technical talent in the Singapore startup segment.

Although Singapore produces approximately 58 per cent of its graduates in Engineering Sciences, Business and Administration and Information Technology every year, many end up pursuing careers in the multinational corporations and the public sector for the stability and security that they provide.