30 Mar '16, 10am

Singapore aims to become the world's first smart city-state

Singapore aims to become the world's first smart city-state

From the glass-walled conference room overlooking a minimalist two-story office just across the street from Facebook-owned virtual reality company Oculus Rift, the space would fit any number of well-heeled startups in San Francisco. The difference with this industrial-style loft in the trendy SoMa district is that the money that helped pay for the work space (obligatory neon accents and all) didn't come from a nearby venture capital firm. It came from the government of the world's third-richest country. "To make the brand more relevant, we had to move to the city," said Victor Tan, who runs Block 71 , the Bay Area outpost for the investment arm of Singapore's national technology agency. "That's why we pay the ridiculous rents." Tan helmed a startup in China before working for the government of the Southeast Asian city-state home to 5.5 million people. He has been Singapore...

Full article: https://www.greenbiz.com/article/singapore-aims-become-wo...

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