Singapore has won the bid to play host for the high acclaimed MIT REAP. This was announced at the MIT Global Innovation Gala Dinner, graced by Dr Tony Tan Keng Yam, President of the Republic of Singapore, at the Istana on July 21.
The MIT REAP is a global stratagem that is conceptualised to help regions push for economic growth and job creation, through Innovation-Driven Entrepreneurship (IDE).
This is a big step in the right direction for Singapore, as it anchors itself prominently as an innovation hub. Especially so because MIT REAP only admits eight to 10 partner regions that change periodically to participate in this programme.
This is two-year programme will open doors for budding entrepreneurs, to work with world-renowned MIT faculty and other associated REAP members. The programme will be conducted through a list of activities to build and implement a custom regional strategy for enhancing the host country’s IDE ecosystems.
“REAP provides real-world solutions for participating regions to develop the building blocks necessary to create an economic ecosystem that is attractive to high-growth start-ups,” said MIT Professor Fiona Murray, Associate Dean at the Sloan School of Management.
By Geralyne Kaye Ong / August 19, 2015 10:00AM GMT+8
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