Startups' chances of success flat over the years: study
Singapore
THE probability that new firms in Singapore will succeed has remained largely constant since 2001, though the increasing number of startups means each cohort contains more potential successes, according to a report by Ministry of Trade and Industry economists Chia Keat Loong and Reuben Foong.
Founder experience, export activity and intellectual property ownership were found to be associated with higher chances of success.
Part of the latest Economic Survey of Singapore out on Monday, the study on entrepreneurship defined success as being acquired or …
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