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Singapore universities produce top students. Why don’t more of them become entrepreneurs?

We need a model where our famed efficiency and discipline also includes the daring required for the global start-up race.

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ST20231011_202366618531/etsit11/Elisha/Jason Quah A Singapore Institute of Technology (SIT) graduates pose for a photo following the SIT graduation ceremony on Oct 11, 2023. Tertiary education, manpower, employment, salary, wages, graduate, degree, jobs

Singapore lacks neither talent nor capital. The island has one of the best education systems in the world, says the writer.

PHOTO: ST FILE

Tan Sian Wee

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I first saw the value of an entrepreneurial mindset in 1995 at Stanford University. A group of students working on a project faced a technical constraint: web browsers could not display Chinese characters. Instead of filing a paper or shelving the idea, the students built a workaround on a small Linux server. That project became Sinanet – now Sina.com, the media giant behind Weibo.

The students turned a half-working prototype into a real company which became a tech giant. It was led by Mr Jack Hong, who at that time taught me programming.

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