The APEC Startup conference that just wrapped up in Seoul signaled stepped-up interest within the 21 APEC member nations in policies that promote new firm formation as ameans of “booting up” economies. Interestingly, the drive for this effort is being led not by the United States, but by South Korea which has taken big strides over the past two years to rebuild its own startup ecosystem.
On an earlier visit, I observed that despite Korea’s track record for highly innovative big firms, a negative attitude towards “risk” and “failure” had been blocking the emergence of new innovators. On my trip to Seoul last week to open the APEC meeting, it was clear that a new generation of thinking has emerged focused on making the nation a cultural capital for entrepreneurship.
To read the full, original article click on this link: Startup APEC Host Raises the Bar in Asia - Entrepreneurship.org
