Monday, 3 September 2012
$100 MILLION FOR 100 STARTUPS
The Singapore government has been asked to hand out a S$100 million grant to seed 100 knowledge-based startups to spur the country’s economy.
NUS Pro-Chancellor, Ngiam Tong Dow, made the proposal in an article published recently, and asked that the government not leave the task of wealth-creation up to chance.
A grant of similar scale would be much welcomed by Malaysian entrepreneurs, and would go a long way towards funding Malaysian startups through the bootstrapping stage.
Though nothing so far suggests that the Singapore government has agreed to Mr Ngiam’s proposal, it wouldn’t be such a bad idea for the Malaysian government to consider his ideas.