CELEBRATE | October 8, 2020

GEN Fosters Growth of Singapore's Entrepreneurial Ecosystem

Photo Credit: Singapore

Global Entrepreneurship Week has been an annual affair in Singapore since 2008 when it garnered more than 18,000 participants across Singapore, connecting policymakers, academia, founders and investors.

Originally hosted by Action Community for Entrepreneurship and NUS Enterprise, GEW has become a week of celebration fostering deeper collaboration between entrepreneurs, investors, researchers, policymakers and entrepreneurship support organizations. In recent years, the week has been led by Jayren Teo, an NUS graduate and co-founder of ASEAN Youth Organization, along with a team of young entrepreneurial individuals volunteering their time to plan, develop and execute the events. 

“We strongly believe in the purpose, to make it easier for anyone, anywhere to start and scale a business,” said Teo.

This isn't the only Global Entrepreneurship Network sponsored event Teo and his team have hosted in Singapore. They also organize the Entrepreneurship World Cup / Singapore. This year, the competition saw a trifold increase in the number of eligible applications compared to last year. A total of 199 companies from various sectors of the future including FoodTech, BioTech, HealthTech, CleanTech, FinTech, Cybersecurity, Augmented Reality and ICT applied to take part. 

The top 3 winning teams of EWC Singapore 2020 were:  

  • National Winner (1st Place) - TurtleTree Labs, the first biotech company to create milk sustainably using cell-based technology.
     
  • 1st Runner Up (2nd Place) - Horangi, a cybersecurity startup which enables a safer cyberspace and creates software that solves challenging cybersecurity problems.
     
  • 2nd Runner Up (3rd Place) - ProfilePrint, a Foodtech startup that creates and keeps track of the digital food fingerprint powered with a SaaS-based analyzer and patented A.I. food fingerprint tech.

After organizing more than 50 events, partnering with more than 100 organizations and impacting at least 50,000 individuals over the past 5 years, Teo and his team are ready to take the next steps to officially establish GEN Singapore in the coming months.  

They plan to close partnerships with various government agencies, institutions and corporations to provide market access for local startups and scale globally.

“We believe through global events such as Global Entrepreneurship Week, Global Entrepreneurship Congress and the Entrepreneurship World Cup, we are able to fuel healthier entrepreneurial ecosystems that go on to create more jobs, educate individuals, accelerate innovation and strengthen economic growth,” Teo stated.

This year, Teo and his team will be co-organizing the first regional GEW across Southeast Asia in collaboration with GEN Malaysia, GEN Indonesia and GEN Thailand.  

There are many opportunities for those across Singapore to get involved: Apply to volunteer, attend the Virtual GEW Singapore 2020 or watch the 2020 EWC Singapore National Finals to see if next year's event is something you are interested in.

Buke Cuhadar serves as Vice President of Global Operations for the Global Entrepreneurship Network, a year-round platform of programs and… About the author