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Intelligent risk-taking key to Singapore’s next chapter
The state still has an important role to play but it is the private sector that should take ownership of the innovation era.
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The goal is not to invent a new capability, but to reapply this proven strength to foster a bottom-up, privately driven innovation ecosystem, says the writer.
ST PHOTO: LIM YAOHUI
Tan Chin Hwee and Kif Ho
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Singapore’s story has always been one of turning challenge into opportunity. We now face a new challenge: How to build on our success and secure our place in a future driven by innovation. Talent and capital are more mobile than ever and the winners will be the countries that can attract and redirect these resources most effectively.
The roles of the state and the private sector will also come into focus as these may have to evolve with the times.
