The Singapore-MIT Alliance programme is implementing this approach. During their stint at MIT, NUS students … meet with experienced entrepreneurs who imbue them with the “entrepreneurial” spirit. However, merely learning the ropes does not suffice, Magnanti stresses. "You need a supporting ecosystem to provide the right incentives, structure, and freedom." He sees Singapore as having the infrastructure, capital, and talent; however, he feels the nation needs an infusion of more risk-taking.
So is the 4th element of "culture" what's lacking in Singapore? This has been a pet topic for discussion ever since i returned from Silicon valley. So much rehashing that it might be of low value-add to go into another debate about it.
This article is interesting as it holds up Singaporeans alongside the Indians and Chinese as "a new breed of graduates who, having a strong foundation of technical expertise, also possess the additional leadership qualities of inventiveness, risk-taking, and a sense of adventure", "in contrast to a persistent perception held by many that Asians are staid or even stoic".
But other than that, its just a leisure read for those of us who came back from SV, not much new ground broken or insights. Its a pretty good read for those who want to know how to link their engineering knowledge with entrepreneurship and those engineers thinking of moving into the business sectors.