Singapore has won the right to host Asia’s first World Entrepreneurship Forum (WEF) next November, on the strength of its recent economic success and the government’s efforts to create an optimal environment for business and entrepreneurs.

WEF, which began in 2008 and has been held annually in France, brings together representatives from over 50 countries to promote entrepreneurship and share new ideas on economic, political, social and academic issues. Hosting the event in 2011 focuses more attention on Singapore’s prestige as a business center: there are now 50,000 startups there, compared to 37,000 in 2000 and Singapore was also one of the few countries where the number of new business creations actually increased in the past year.

Singapore’s two main advocates for entrepreneurial activity are the Action Committee for Entrepreneurship (ACE) and Nanyang Technological University (NTU), who are also founding members of WEF.

source & article: Channel NewsAsia

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