Global Entrepreneurship

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Global Entrepreneurship Monitor 2011 Singapore Report

Cityscape image on cover page is kindly provided by Mr. Mark Alexander.

If you wish to cite this report please use the citation(s) provided below: Olexander S. Chernyshenko, David Gomulya, Wei Ming J. Phan, Yoke Yong Lai, Moon-ho R. Ho, Marilyn A. Uy, Kim Yin Chan & Olwen Bedford. (2012) Global Entrepreneurship Monitor 2011 Singapore Report. Singapore: Nanyang Technological University. Or Chernyshenko, O. S., Gomulya, D., Phan, W. M. J., Lai, Y. Y., Ho, M. H. R., Uy, M. A., Chan, K. Y. & Bedford, O. (2012) Global Entrepreneurship Monitor 2011 Singapore Report. Singapore: Nanyang Technological University.

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Table of Contents
Acknowledgements ......................................................................................................................... 3 GEM 2011 Singapore Report Authors ............................................................................................ 4 1.0 Executive Summary............................................................................................................. 7 1.1 Key Definitions ................................................................................................................... 7 1.2 GEM Singapore Research Methodology ............................................................................. 9 1.3 Key Findings ..................................................................................................................... 10 1.3.1 Rate of Entrepreneurship in Singapore.............................................................................. 10 1.3.2 Intent to Start a Business and Attitudes towards Entrepreneurship .................................. 10 1.3.3 Nature of Start-ups ............................................................................................................ 11 1.4 The Report ......................................................................................................................... 11 2.0 Intent to Start a Business ................................................................................................... 12 2.1 Factors Influencing Intentions to Start a Business ............................................................ 13 3.0 Total Early-Stage Entrepreneurial Activity Prevalence Rate (TEA) ................................ 16 3.1 TEA: Nascent and New Firm Rates .................................................................................. 18 3.2 TEA: Necessity and Opportunity Driven Entrepreneurship .............................................. 20 3.3 Characteristics of Early-Stage Businesses......................................................................... 22 3.3.1 Industry Sector................................................................................................................... 22 3.3.2 Innovation .......................................................................................................................... 23 3.3.3 Internationalization ............................................................................................................ 25 4.0 Entrepreneurial Exit Rate .................................................................................................. 26 5.0 Comparison between 2011 and 2006 GEM studies .......................................................... 28 6.0 National Expert Survey Results......................................................................................... 29 6.1 Overall Scores for all Nine Framework Conditions .......................................................... 30 6.2 Financial Support............................................................................................................... 32 6.3 Government Policies ......................................................................................................... 33 6.4 Government Programmes...
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