The entrepreneurial climate in Singapore is flourishing like never before. According to the 2024 Global Startup Ecosystem Report by Startup Genome and the Global Entrepreneurship Network, the city has displaced Beijing as the top ecosystem for start‑ups in Asia. The numbers are staggering: Singapore is currently home to more than 4,500 tech start‑ups, 400 venture capital firms, and 240 accelerators, venture builders and incubators.
But this has not always been the case. This vibrant start‑up ecosystem is, in large part, thanks to accelerators and incubators such as Reactor School. Co‑founded by chief executive officer Rusydi Khairul in 2012, as a side project while he was still a chemistry and biological chemistry major at Nanyang Technological University, it is dedicated to nurturing next‑gen global founders under 30.
“I think the education system is broken,” says Rusydi, who eventually decided to run the school full‑time after a stint at Spring Singapore post‑graduation, where he worked on business excellence initiatives helping small and mid‑sized enterprises develop management systems to scale and grow. “A lot of students are good with pen‑and‑paper testing, but find it difficult to build something from scratch. Entrepreneurship education is a way to get students comfortable with uncertainty.”
Reactor School operates as an entrepreneurship ecosystem builder. “We help students turn their ideas into projects, and then their projects into companies. We work with high schools and universities to design entrepreneurship programmes, and collaborate with early‑stage venture capital funds to invest in start‑ups,” Rusydi explains. It now runs programmes in 17 cities across the Asia‑Pacific region.
This story is from the August 2024 edition of Tatler Singapore.
Start your 7-day Magzter GOLD free trial to access thousands of curated premium stories, and 9,000+ magazines and newspapers.
Already a subscriber ? Sign In
This story is from the August 2024 edition of Tatler Singapore.
Start your 7-day Magzter GOLD free trial to access thousands of curated premium stories, and 9,000+ magazines and newspapers.
Already a subscriber? Sign In
Rohit Jha
Using lasers and a proprietary shoebox-sized device, this technopreneur’s company Transcelestial seeks to increase connectivity speeds and access around the globe—and soon, beyond it
Fashioning Heritage
Aqilah Zailan founded Studio Gypsied to honour her Javanese heritage and ancestral narratives, reimagining batik into everyday designs
Sound System
Through music and mentoring, ArtSee bridges cultural and educational gaps, nurturing marginalised youth and preserving heritage for future generations. Co-founder Nabillah Jalal reflects on its impact and vision to extend its reach to more communities
Island in the Sun
With its beachfront location and proximity to Singapore, and access to international schools and healthcare infrastructure, Batu Ferringhi makes for an ideal investment destination. Sean Lim of NWD Holdings tells us about the Singapore-based investment group's upcoming hospitality development in Penang
On the Flower Trail
Twenty years after their first collaboration, Louis Vuitton and renowned Japanese artist Takashi Murakami reunite for a vibrant re-edition collection, blending art and fashion in a bold celebration of creativity and craftsmanship
Toast to the New Year
Fashion designer Shuting Qiu brings her vibrant colour palette and intricate designs to Hennessy's Chinese New Year 2025 exclusive releases, which will be showcased at the Crafted, by Hennessy travelling exhibition in Ion Orchard.
To the Moon and Back
Be captivated by the moonphase displays on these A Lange & Söhne timepieces—the ideal companions for cherished moments with loved ones this season
Dreamy Hues
The innovative colour-enhancing and ultra-moisturising Dior Addict Lip Glow now comes in 20 vivid and exciting shades
A Call for Connection
Virtuoso pianist and Rolex Testimonee Hélène Grimaud masterfully bridges the worlds of art and advocacy, using her evocative performances and commitment to conservation to inspire a deeper connection between humanity and the natural world
Eastern Influence
Pascale Lepeu, director of the Cartier Collection, reflects on Cartier's latest exhibition, Cartier, the Power of Magic