Press Release about CLOPTech: Cover Story on Entrepreneurship- “Off to a Good Start”, 3-9/4/17 China Daily Asia Weekly
In the week of 3-9/4/17, China Daily Asia Weekly has published an article written by Low Shi Ping from Singapore, regarding the growth of entrepreneurship in Singapore, and how various aids are put in place to help startups in Singapore.
And CLOPTech is very honoured to be featured in the article, and our founder & CEO Albert Chai had been interviewed.
The following are some details on the interview:
Albert, who is the founder of CLOPTech, had previously worked as an engineer. CLOP Technologies, a gigabit wireless solutions specialist incorporated in 2015. It is a spinoff from Singapore’s Agency for Science, Technology and Research (A*STAR)。 At the end of its first year, CLOPTech received the TECS grant and was admitted into Silicon Catalyst, a prestigious Silicon Valley-based incubator.
Albert admits that making the decision to leave a full-time job and start his own venture was not easy, particularly since the financial barrier is much higher for his industry. Calling it a “strong leap of faith”, he said: “You need to move fast, learn fast, be extremely resourceful and be packed with perseverance.”
In addition to support from his family, the infrastructure made available by the Singapore government to support startups has been a big boon.“Everything from incentives to help companies start a business, to a transparent and trusted system, initial funding resources and business mentorship has been invaluable,” Albert said.
“Even though there are many startups that have not succeeded, the government’s commitment to supporting the landscape has not wavered. Instead, it has continued to learn and improve the system.”
Albert is also motivated by the desire to create a technology truly designed, built and commercialized in Singapore, as well as the city-state building itself as a Smart Nation.“As we gain traction in our second year of business, we are seeing an increasing interest in our business solutions. We are proud to showcase our successes in the marketplace by a team of Singaporeans,” he said.
Startups aside, other key players in the ecosystem are the venture capitalists — and these have arrived in droves.
“Singapore has a very rich and vibrant entrepreneurship culture. You can see many world-class partners incubating our startups,” Chai said.
For more information, please click this link ASEAN Page 6 Cover Story to find out more.