Building Innovation-Driven Enterprises

摘要

Singapore is becoming a hotspot for innovations and enterprise. Its concerted efforts to boost tbe local innovative and enterprising ecosystem over tbe last five years bave resulted in a number of concrete pay-offs. According to tbe 2005 report by Global Entrepreneurship Monitor, an international comparative research project tbat seeks to benchmark tbe level of entrepreneurial activities across countries, Total Entrepreneurial Activity (TEA) in Singapore has increased from 4.20/0 in 2000 to 7.2% in 2005. TEA is the proportion of adults (aged 18 to 64) in the country that have engaged in starting up or running their own new businesses in tbe last 3.5 years.