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Singapore lah? James Norris

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Presentation on theme: "Singapore lah? James Norris"— Presentation transcript:

1 Singapore lah? James Norris

2 Where is the best place in the world for a social entrepreneur to live and build a social enterprise?

3 1. New York City London Tokyo Paris Hong Kong Chicago Los Angeles Singapore Sydney Seoul Brussels San Francisco Washington Toronto Beijing Berlin Madrid Vienna Boston Frankfurt2.78

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5 Alpha++ world cities: London, New York Alpha+ world cities: Beijing, Hong Kong, Milan, Paris, Shanghai, Singapore, Sydney, Tokyo Alpha world cities: Brussels, Buenos Aires, Chicago, Kuala Lumpur, Madrid, Moscow, Mumbai, Seoul, Toronto Alpha− world cities: Amsterdam, Athens, Auckland, Bangkok, Budapest, Caracas, Dublin, Frankfurt, Istanbul, Jakarta, Lisbon, Los Angeles, Mexico City, Prague, Rome, Santiago, São Paulo, Stockholm, Taipei, Vienna, Warsaw, Zurich

6 1. Defend your assertions with data or logical conjecture 2. “Criticize by creating” an alternative answer/solution (paraphrasing Michelangelo) 3. Be nice

7 Where is the best place for a social entrepreneur in 2020? Where is the best place for a bootstrapping social entrepreneur? Where is the best place for a well-financed social entrepreneur? Where is the best place for a newbie social entrepreneur? Where is the best place for a seasoned social entrepreneur?

8 How do you reach your customers or beneficiaries? Do you distribute online or through physical channels? Are there relevant industry clusters anywhere? Etc.

9 1. Access to talent 2. Access to funding 3. Access to markets 4. Good business climate 5. Supportive culture

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12 Very high standard of living which draws talent in Liberal immigration laws for foreign talent #1 labor force in world

13 S$1M social innovation challenge S$588K social enterprise competition Asia’s first social stock exchange Growing venture philanthropy community S$300K grants for social entrepreneurs focusing on employing disadvantaged Singaporeans S$200K grants for enterprises focused on volunteerism or philanthropy S$50K grants for young entrepreneurs under 26 #1 in Asia for philanthropy and #1 in world for concentration of millionaires

14 Geographically situated between three of the largest markets in the world: China, India, and Indonesia Airport rated #2 in world with multiple discount airlines flying the region

15 #1 place in world to do business 80% of population is English-literate and much of the other 20% can speak at least the basics Very low corporate income taxes and zero tax on first S$100,000 for first three years No capital gains taxes Tied for #1 for lack of corruption Effective government bodies work to support enterprise #1 at protection of intellectual property

16 Approximately 150 existing social enterprises Online community-edited directory for the social sector (“a Wikipedia for people who care”) Dedicated social enterprise association Multiple dedicated social entrepreneur co-working spaces being built Multiple dedicated academic institutions Established degree program in social entrepreneurship at polytechnic level Widely circulated sector-focused publication read by people in over 650 cities Five million residents and 9.7 million annual international travelers concentrated in a very densely populated space (with an amazing transportation system) creates a unique melting pot of ideas

17 Very small domestic market of 5 million Financing for small to mid-sized social enterprises may currently be difficult past pre-seed stage, especially until the Impact Investment Exchange opens and the venture philanthropy community grows Very risk-averse society Local Singaporeans are effectively indifferent to social entrepreneurs (only 12% have heard of the term)

18 0 million more people in Europe 4 million more people in Oceania 31 million more people in North America 57 million more people Latin American 243 million more people in Africa 429 million more people in Asia

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20 James Norris


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