Global entrepreneurship index score Singapore 2017, by components

Global entrepreneurship index score in Singapore in 2017, by components

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Source

Release date

December 2017

Region

Singapore

Survey time period

2017

Supplementary notes

The component measure shows how the selected country scored on each of the 14 entrepreneurship ecosystem components. A high score ( shown as percentage) means that the regulatory environment is conducive to entrepreneurship operations.

< Definitions of listed indicators according to the source >

- Opportunity Perception: Can the population identify opportunities to start a business and does the institutional environment make it possible to act on those opportunities?
- Startup Skills: Does the population on have the skills necessary to start a business based on their own perceptions and the availability of tertiary education?
- Risk Acceptance: Are individuals willing to take the risk of starting a business? Is the environment relatively low risk or do unstable institutions add additional risk to starting a business?
- Networking: Do entrepreneurs know each other and how geographically concentrated are their networks?
- Cultural Support: How does the country view entrepreneurship? Is it easy to choose entrepreneurship or does corruption make entrepreneurship difficult relative to other career paths?
- Opportunity Perception: Are entrepreneurs motivated by opportunity rather than necessity and does governance make the choice to be an entrepreneur easy?
- Technology Absorption: Is the technology sector large and can businesses rapidly absorb new technology?
- Human Capital: Are entrepreneurs highly educated, well trained in business and able to move freely in the labor market? - Competition: Are entrepreneurs creating unique products and services and able to enter the market with them?
- Product Innovation: Is the country able to develop new products and integrate new technology?
- Process Innovation: Do businesses use new technology and are they able access high quality human capital in STEM fields?
- High Growth: Do businesses intend to grow and have the strategic capacity to achieve this growth?
- Internationalization: Do entrepreneurs want to enter global markets and is the economy complex enough to produce ideas that are valuable globally?
- Risk Capital: Is capital available from both individual and institutional investors?

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