He said Singapore is a little city that allows it to prototype solutions faster than many other places. Read more at straitstimes.com.
SINGAPORE – Singapore can be a trusted node for science, technology, and innovation amid global challenges and its nimble regulatory environment allows innovators to develop prototypes quickly, Deputy Prime Minister Heng Swee Keat said on Monday.
He added that Singapore can be a place where the best talents around the world gather to do research and foster innovation and entrepreneurship. “The world’s population is concentrated in cities. I hope that these solutions can be deployed at scale in Asia and globally,” he said at the event held at Singapore Management University .
The Republic is currently home to approximately 4,000 tech start-ups and 200 incubators, and has consistently ranked among the top 10 countries in the Global Innovation Index. It is also among the world’s top 15 countries for ease of source funding, according to Startup Genome.“I believe that fintech will change the banking system significantly,” he said.
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