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Conducive climate for startups should be gov't priority, not funding


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GOVERNMENT SUPPORT for startups should focus on creating a positive regulatory environment for private investment, rather than trying to “do it all” by funding the sector itself, experts said at an Asian Development Bank (ADB) webinar.
Developing economies can help develop startups more effectively by paying more attention to improving governance rather than providing capital themselves, according to Nitin Pangarkar, an associate professor at National University of Singapore.
“The mistake that many governments make is they try to do it all… They cannot replicate the incentives that these private providers of capital have,” Mr. Pangarkar said.
“Some of the governments in the region are trying too hard to provide the funding themselves. I think that’s not the solution. The solution is to provide a conducive environment to attract providers of capital and let the market magic work its thing,” he added. ....

National University Of Singapore , Singapore General , The Philippines , Paul Vandenberg , Beatricem Laforga , Katrinar Chan , Nitin Pangarkar , Winston Damarillo , Operational Support Division , Economic Research , Asian Development Bank , National University , தேசிய பல்கலைக்கழகம் ஆஃப் சிங்கப்பூர் , சிங்கப்பூர் ஜநரல் , தி பிலிப்பைன்ஸ் , பால் வாண்டன்பெர்க் , நிடின் பாங்கற்கர் , செயல்பாட்டு ஆதரவு பிரிவு , பொருளாதார ஆராய்ச்சி , ஆசிய வளர்ச்சி வங்கி , தேசிய பல்கலைக்கழகம் ,