Comparative study on the development policies of start-up business in Indonesia and Singapore
Anang Setiyawan (a*), Ilham Aji Pangestu (b)
(a) Law Faculty, Universitas Sebelas Maret, Surakarta, Indonesia
*anang.setiyawan.sh[at]gmail.com
(b) Management & Business Faculty, Universitas Islam Syekh Yusuf, Tangerang, Indonesia.
Abstract
Industrial Age 4.0 has driven the growth of startup companies rapidly and the existence of startup companies in the world has become a new economic basis for countries. The startup industry is able to encourage new innovations, research, create new jobs and absorb more labor and increase national economic growth. In Southeast Asia, the value of the digital economy currently reaches $ 72 billion and is predicted to increase to $ 240 billion by 2025. The government has a role to regulate, create, develop and accelerate startup companies to become a new economic foundation and absorb the maximum potential of digital economic value. This study would like to see how Indonesia & Singapore formulate policies and regulations to develop startup companies as their economic potential sector. The results of the study can be an input to policymakers to regulate and accelerate their economic sector by using right policy.
Keywords: startup, public policy, economic backbone, industrial age 4.0
Topic: Public Policy