Singapore companies are appropriating Silicon Valley commercial models for the local market and venturing across regional borders to secure the best entrepreneurs and ideas.
JFDI.Asia, for instance, is Southeast Asia's first affiliate to the Techstars Global Accelerator Network, which promotes the organization's model to "accelerate" the development of an idea into a viable company and provides entrepreneurs with S$15,000 (US$11,652) in funds, as well as mentoring and support. It takes between 5 and 20 percent equity in the startup. Full story
