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Can Singapore buy its way to the top of the biotech world with no background in entrepreneurship or science?


With a reputation
for meticulous planning and execution, Singaporeans had proven skilled offshore partners for leading manufacturers in electronics, petrochemicals, and pharmaceuticals. But when the government’s powerful Economic Development Board launched its biomedical initiative in 2000, Singapore was starting virtually from scratch. With no startup tradition and little background in research beyond fine-tuning manufacturing processes—and few students pursuing higher research degrees—the government had to look outside for scientists to kick-start everything while, inside, it launched a massive scholarship program to encourage students to pursue science careers.

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