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What’s coopetition? Lessons from Germany for Singapore’s startup scene

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The goal is not to undercut each other, but to lift the entire ecosystem through collective progress, says the writer.

When many firms in related sectors concentrate in one area, this provides an opportunity to share knowledge to grow together to have a stronger edge against global rivals, say the writers.

PHOTO: AFP

Thomas Menkhoff and Kevin Cheong

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In the greater Stuttgart area, the heart of Germany’s engineering prowess, there is a concept driving the region’s industrial sector: “coopetition”.

This is a strategic blend of cooperation and competition for its global home-grown brands including Mercedes-Benz, Porsche and Bosch.

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