Talent.

Density.
Culture.
Capital.
Regulation.
Startup Community
Maturity Model (SCMM).
1. Evidence-based;
2. Focus on Social entrepreneurship for Youth
• T0: Talent Nurturing, building human capital assets
• T0.1: Embedding entrepreneurship elements into education system
Talent

• T1: Developing physical talent market to match-make skills and jobs

• T1.1: Limited existing talent, hard to identify/find: More than 50%
new people at any job market events
• T1.2: Immature labor markets that fresh graduates are difficult to
look for a decent job in the market
Talent

• T2: Existing limited clustering or niche communities

• T2.1: Able to identify a few small groups that generally are not yet
collaborating in a meaningful way, e.g. engineer, agricultural sector
• T2.2: Obvious need to improve diversity in all aspects: Talent pools
are more homogeneous due to niche formation. Eg. “the engineering
students” or “those techies”
• T2.3: Creation of Labs around science and/or technologies at
Universities or by companies
Talent

• T3: Increased human capital investment in education and labor

markets
• T3.1: Increased investment in all forms of education: supporting
education to promote diversity in the workplace
• T3.2: Increased dynamics within labor markets: Increasingly
flexible labor markets are more inclined towards increasing
investment;
• T3.3: Creation of alternative learning centers for younger students
Talent

• T4: Sufficient engagement from university

• T4.1: University business school provide some courses of entrepreneurship;
• T4.2: Existing students’ organization of entrepreneurship
• T4.3: Established networking event between university alumni and graduates
Talent

• T5: Increased investment of entrepreneurship education programmes

• T5.1: Universities provide some entrepreneurship workshop and courses for
students
• T5.2: Existing internship and volunteering programmes from varies of
organizations: private sectors, NGOs, government agencies
Talent

• T6: Targeted activities to grow minority groups and increase

diversity
• Data Science classes
• Startup Women
Talent

• T7: Skills-based schools/centre

• Code Academy: Coding Classes
• Designer school
• Coders Lab
• T8: Pro-active engagement with the startup community from
universities
• MIT Global Startup Lab
• Tsing Hua X-Lab
• T9: Notable, global thought leaders
• Muhammad Yunus
• Blake Mycoskie (Founder of TOMS)
• Forbes List of Top 30 Social Entrepreneurs
• T10: Achievement of inclusive and diverse talent pool
• Melting pot of cultures, genders, races, and demographics
Density

• D0: Space accessible for people to work at for free (libraries,

government buildings)
• D0.1: Space available with computers, access to internet, basic
facilities (tables, WC, water dispenser)
• D0.2: Accessible WiFi network and long opening hours
• D0.4: Books and/or resources to learn about entrepreneurship
• D0.3: Some events targeted at young entrepreneurs
Density

• D1: Existing physical hubs for events and people to work together
• D1.1: Local coffee shop(s): Able to identify at least one main coffee
shop where you are highly likely to run into at least a handful of people
gather together to talk about business throughout the day
• D1.2: Some unbranded regular events around entrepreneurship
gathering 10+ attendees
• D1.3: Default event venues identified: Able to identify more than one
“go-to” venues that are friendly and easy to work with to produce
events (Social entr events)
Density

• D2: Raise awareness through media and network building

• D2.1: Public online groups and/or online forum dedicated to
entrepreneurship
• D2.2: Allow for entrepreneurs to promote and attract more investors
by using ways of bringing people together
Density

• D3: Key influencers identified

• D3.1: Able to identify at least 5 key folks helping create the
community
• D3.2: Able to identify at least 10 volunteers helping organize events
and workshop
Density

• D4: Link academics and research networks with business

• D4.1: Allow opportunities for interactions and development of hands on
experiences
• D4.2: Connect universities and businesses
• D4.3: Several strong industries present locally
Density

• D5: An established physical co-working space

• D5.1: Create co-working spaces that create a supportive environment with
necessary infrastructure, e.g. internet and events, to foster new businesses
• D5.2: Membership system established for co-working space and provide
training, networking opportunities, access to finance and other activities
Density

• D6: Building active local or regional mailing lists or groups

• D6.1: Online social media platform such as Facebook groups
• D6.2: Active subscriber of event newsletter
Density

• D7: Accumulating mentor networks

• D7.1: Promoting mentoring programs between expertise and young
entrepreneurs
• D7.2: Able to identify a pool of expertise who could provide mentoring for
young entrepreneurs
• D7.3: Events organized to connect mentors who do capacity development
training
Density

• D8: Virtual network/hub of information

• D8.1: Existing a virtual space of identified mentors for young people
• D8.2: Able to connect and interact with mentor online
• D9: Established a regionally networked co-working spaces
• WeWork; Galvanize; TechHub; Impact Hub
Density

• D10: Organized Summits among community leaders and key stakeholders

• Startup Organizers Summit
• Engaging the entire entrepreneurial stack
• D11: Organized effort to create a center of density for housing, services,
spaces, etc.
• C0: Highlight entrepreneurs as role models
• C1.1: Entrepreneurs step up and voice their opinion
• C1.2: Design campaigns/events to celebrate entrepreneurship
• C1.3: Risk taking mindset among entrepreneurs
• C1.4: Outsiders can feel the "entrepreneurial energy"
Culture

• C1: General meet up and inspirational events targeting broader

groups of interest with at least 30 members each
• C1.1: General meet up such as DrinkEntrepreneur, social
entrepreneurs meetup
• C1.2: Events are led by young entrepreneurs
Culture

• C2: Established and regular activities and events for more specific
groups of people
• C1.1: e.g. Food tech; travel tech;
• C3: Promote jobs at startups
• C2.1: Encourage people to work in a startup business
• C2.2: Involve the role of the government to encourage and celebrate
entrepreneurship
• C2.3: The entrepreneurs want to place the community "on the map"
• C2.4: Member of the community help without expecting immediate
pay back or rewards
• C4: Cross pollination between other niche communities
• C4.1: Bringing entrepreneurship into different groups, such as the
food, arts, engineering, science, etc.
• C4.2: Provide knowledge exchange platform with porous
boundaries.
• C4.3: Successful executives and entrepreneurs help the next
generation of entrepreneurs
• C5: Visible support from local businesses
• C5.1: Leading business is sponsoring, attending, and helping youth-
led startups
• C5.2: Genuine engagement from service providers like law firms,
banks, insurance providers, etc.
• C5.3: When entrepreneurs fail, they find jobs quickly
• C6: Strong and consistent narrative across all stakeholders
• C6.1: “We are the most innovative city in ASEAN”
• C6.2: Ensuring a Long-term commitment from leaders
• C7: Large scale events that attract a high number of founders and
notable speakers
• C7.1: Organize national startup exhibition/fair/market
• C7.2: Startup Week, national startup carnival
• C8: Inclusive engagement from general public
• C8.1: Open to all social challenges workshop; e.g. MakeSense
• C8.2: Fostering a philosophy of inclusiveness.
• Embrace Weirdness.
• C9: Strong Corporate Engagement
• C9.1: Organize national startup exhibition/fair/market
• C9.2: Startup Week, national startup carnival
• C10: Entrepreneurial experience (including failures) is treated as
compounding knowledge asset
• Entrepreneurs that fail are rewarded and seen as more valuable by the
market
Capital

• $0: Anecdotic support

• $0.1: Challenges to open bank accounts and get payment methods
as an early entrepreneur
• $0.2: Difficulties for entrepreneurs to obtain loans from banks
• $0.3: Divide between entrepreneurs and investors
• $1: Create incentives for new and experienced investors
• $1.1: Known but hard to identify funded startups
• $1.2: Able to identify at least 2, generally under the radar
• $2: Strongest presence of F&F capital
• $2 .1: Known funding or full time entrepreneurs are likely funded by
first degree connections
• $2.2: Angel investors and VCs work with people they worked with
before
• $3: Increasingly facilitating access to capital for startups
• $3.1: Strengthening of work cooperation with private sector
• $3.2: Facilitating the access of capital for startups and create tax
incentives for investors
• $3.3: Loosely organized Angel activity
• $3.4: Angel Group Pitch Event
• $3.5: Angel group networking space
• $4: Established networks to outside investors
• $4.1: Investments from notable investors national key stakeholders
or global investors
• $4.2: Frequent visiting speakers and participants
• $4.3: Organized programs to connect startups to key hubs. Eg. Trip
to NYC, London or Silicon Valley
• $5: Accelerator Program
• Local acceleration program regionally or globally networked
• $6: Established Angel activity that makes at least 4 investments/yr
• Pitch Events; Applications
• Formal syndicate network
• $7: At least one reputable Venture Capital Fund with >$5M
• 500 Startups Fund
• Local Venture Firms with explicit and dedicated focus on
Seed/Series A
• $8: Corporate Venture Programme
• Corporate Accelerator, e.g. corporate Techstars Programme
• Active investments from Corporate Venture Funds
Regulatory Environment

• RE1: Hurdles and Challenges for Entrepreneurs Identified

• RE1.1: Process for incorporating or opening a business is arduous
• RE1.2: Opening a bank account for a new company requires
extensive documentations
• RE1.3: Laws to hire and fire employees are complex
• RE1.4: Taxes and reports to submit to the government on a yearly
basis take a large amount of time
Regulatory Environment

• RE2: Efforts to connect regional activities

• RE2.1: Encouraging startup sharing activities between and within
regionals
• RE2.2: Debates across cities / districts / regions to identify what
should be improved
• RE3: Basic understanding from the officials
• RE3.1: Representatives from official attending or speaking at the
events
Regulatory Environment

• RE4: Organized conversations around key policies that affect

entrepreneurs
• RE4.1: Policies related to visas, tax breaks and tax credits
• RE5: Strong participation from the local officials
• RE5.1: Principle official’s speaking at the events
• RE5.2: City council engagement on the issues
Regulatory Environment

• RE6: Active engagement from Entrepreneurs

• RE6.1: Startup Board to Advise Mayor
• RE7: Allow a free and open global web
• RE7.1: Increase access to foreign markets through trade
liberalization and globalized supply chains
• RE8: Provide patent protection that supports innovation
• RE8.1: Remove inefficient legal barriers to temporary and long-term
migration that are restricting access to foreign labor markets, and
improve match between skills provision and foreign market demands
We are on a mission to make the
world a more innovative and
prosperous place, one community
at a time.
“”