The pandemic is changing the role of innovation hubs
Add BT as a preferred source
A YEAR ago, we were celebrating the global startup economy and its US$3 trillion contribution in economic value.
Today, with many of us in isolation and offices shuttered, Covid-19 has created a great amount of uncertainty for businesses, but these measures are especially distressing for startups.
A global study conducted by Startup Genome found 41 per cent of startups have three months or less of cash runway left - and of the businesses that have raised Series A, B or later rounds, 34 per cent have less than six months' worth of cash.
TRENDING NOW
On the board but frozen out: The Taib family feud tearing Sarawak construction giant apart
That ‘cheap’ Malaysia condo could cost Singapore buyers far more than they think
Malaysian fugitive Jho Low seeks Trump pardon in 1MDB case
Asean+3 has made strong progress on cross-border payment connectivity, but more work lies ahead
