The lessons we learned from a Smart Nation - Germany
A study trip to Germany by a group of Singapore Management University students offers insights into how this European nation has built its cities sustainably and innovatively
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GERMANY and Singapore have many commonalities, such as their strategic interests in creating liveable cities, nurturing startups and entrepreneurship, as well as value creation through innovation. This was confirmed during our study trip to Germany with 25 Singapore Management University (SMU) undergraduates last month; the theme for the trip was "Living in Smart Cities: Innovation, Sustainability and StartUps in Germany".
Besides examining general aspects of business management and innovative entrepreneurship in Berlin and Stuttgart (Baden-Wuerttemberg), a key objective was to expose Singapore youth to one of the "secrets" of Germany's economic success: the country's operational (engineering) excellence, which enables German export-oriented multinationals such as BMW or Daimler Benz, as well as Mittelstand firms such as Mann+Hummel, to maintain and expand their global market leadership.
GERMANY'S NEW STARTUP HUB
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