For some time now, Singapore has been pulling out all possible stops in order to build its very own Silicon Valley that would act as a startup hub for the entire Southeast Asian region. This decision might have been influenced by the recent acquisition of WhatsApp by Facebook for $19 billion. Technology entrepreneurs and policy makers in Singapore believe that their own homegrown startups have a chance of being acquired by one of these global tech giants one day. This can be reiterated by the fact that Singapore’s venture capital investment scene outperformed those in Hong Kong, South Korea and even Japan. Read more
