Entrepreneurial Comparison of Asian Countries

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Techaloo tried to compare the Asian economies with emphasizing on entrepreneurship development. Here is the list of 5 Asian countries with key performance indicators. and further we have shown the entrepreneurial environment in India and Singapore in terms of Laws & regulations and Talent costs.

India China Indonesia Malaysia Singapore
Internet Users 119749712 564000000 55000000 17524450 3935090
Internet Penetration 0.12 0.42 0.22 0.07 0.97
Smartphone Users 27 Mn 32 Mn 18 Mn 11.313 Mn 4.4 Mn
Ecommerce Market Size $14 bn (2012) $190 bn (2012) $ 193 bn (2012) $22.3 bn (2012) $1.1 bn (2010)

Entrepreneurial Environment in India

Laws and Regulations Intention/Purpose Effect on Startups
Incorporate based on potential capital source. Depending on where a company incorporates will significantly determine which investors are willing to fund them. Startups seeking only Indian capital tend to incorporate in India.  Startups seeking foreign capital tend to incorporate in Delaware or Singapore.
New startup tax India proposed a new startup tax to battle money laundering schemes. India angel investments are now taxed at 30%, for any amounts that exceeds accounting laws of a fair market valuation. This law will not be stop the angel investments in India, but it will generate unnecessary costs and annoyances to the startups.

Talent Costs in India

Talent Costs Entry Level Good/Experienced Additional Comments
Industry Salary (Yearly) $10K $20-$30K – Good engineers do not stay in engineering, they seek management for a better paycheck.  – As a result, senior developers, designers, marketers, product managers are hard to find. Experts in specific technologies (e.g. Node.js, Hadoop) are virtually nonexistent.
 – India graduates over 1M engineers every year, many of which join big IT firms.
Startup Salary (Yearly) $6-$8K $18-$24K+equity – Indian Institute of Technology is the MIT of India, but their engineers are easily the best but are the most expensive.  – For startups, look beyond IIT for schools with good internship programs like like Birla Institute of Technology & Science. – Avoid Job Sites: You’ll be bombarded with tons of doctored resumes. Stick with recruiters and your network

Entrepreneurial Environment in Singapore

Laws and Regulations Intention/Purpose Effect on Startups
MDA license necessary for news sites “online news sites that report regularly on issues relating to Singapore and have significant reach among readers here will require an individual license from the Media Development Authority (MDA). This will place them on a more consistent regulatory framework with traditional news platforms which are already individually licensed.” If your startup plans to talk about Singaporean news / political events and it receives more than 50K uniques a month you need to put up $50K for a license

Talent Costs in Singapore

Talent Costs Entry Level ($) Good/Experienced ($) AdditionalComments
Industry Salary (Yearly) S$3.5K/mo S$8K/mo  1USD = 1.2SGD Industry typically pays less than the startups because it’s seen as more stable.. so they don’t have to pay some sort of instability premium
Startup Salary (Yearly) S$4K/mo S$8K/mo

Others•Every company needs at least one directory who is “ordinarily resident in Singapore” (Citizen, PR, EP)

Data extracted from wiki.worldstartupreport.com

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Mohit Bansal(23) is B.Tech in Electronics and Communication Engineering from Indian School of Mines, Dhanbad, India. He has interest in business and entrepreneurship and has published couple of research articles. He is also associated with various NGOs. He is with Techaloo when it was just in concept stage. The Techaloo site was not existing even then. Currently Mohit is working with Mu Sigma as a Business Analyst Profile.

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