Singapore is one of the world`s leading centers for global technological innovation, but its entrepreneurs need to think bigger, warned an important local player.
The Southeast Asian island-nation possesses the most capital to be deployed outside of China in addition to superior legal and political infrastructure, but the start-up ecosystem is far from perfect, according to Grace Sai, CEO and co-founder of Impact Hub Singapore, a co-working space.
"What is lacking in Singapore is what we call the audacity of purpose," she said on the sidelines of the Singapore Week of Innovation and Technology — or SWITCH — on Monday. "Having the next generation of entrepreneurs who think big enough and who are motivated to solve meaningful problems rather than just creating the next food delivery app.
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