How Singapore is tranforming its economy?
I had written earlier about the Singapore Biopolis project and how remarkable this effort was in transformation of a country’s business model. It is no secret that semiconductors and electronics are not as exciting sectors as they used to be and clearly biotech is one sector with plenty of growth potential.
In an article in the Times, I was impressed to read how some of the top scientists in the field of biotech are setting up shop in Singapore, attracted by some of the best salaries in the world, excellent quality of life, and hard-working people. Of course, having a government that is seriously committed to growth helps. We wanted to be in a place where they are excited by science and things are moving upward, Dr. Neal Copeland, a top American scientist, is quoted as saying about Singapore and its competitiveness in the world of biotech. (Related: Dubai is another Singapore in the making)
There is something else that caught my attention in the article. A Singapore company called ES Cell is selling stem cells on the web for as little as $6,000 (see the image at the top of the page). Oh, the wonders of ecommerce!
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