INDONESIA – SINGAPORE GOVERNMENT SUPPORTS ON STARTUP BUSINESSES: A COMPARATIVE STUDY (2015 – 2018)

Abstract

Indonesia and Singapore have been known as the countries that has competitive advantages in Southeast Asia economic development. Singapore is a leading country with the innovation in technology, while Indonesia is a leading country in term of democratic system and the world largest Moslem population. In term of economic, although Singapore still as the one and only country that has developed economy but Indonesia predicted could reach Singapore in 2025. Economy has many indicators to developed, one of them is entrepreneurial business. Nowadays, entrepreneurial activiy has changed the form and supporting system by using appropriate technology and information in any entrepreneurial activities. Since 1990s, startup business emerge all over the world begin in Sillicon Valey until Indonesia. Most countries improve their startup development through the policies and programs facilitated by the government. This thesis describe analytically in qualitative research and using literature studies on how Startup business supporting national economic growth using coventional comparative analysis by defined what are the differences and simillarities. Post ASEAN Single Market 2015, Singapore and Indonesia connected well in which Singapore looking for a potential market reach in Indonesia and vice versa. In conclusion, the entrepreneurial policies and programs in Indonesia must be facilitated fully by government. Indonesia should learn more from Singapore on how to deal with startup business integrated networks development.