This Tuesday, half of the Convene office set up a temporary base at Victoria Park Plaza for PSEICT.
When it comes to technology adoption and innovation, it might be intuitive to think that the private sector is a clear leader compared to public organisations and governments. In reality, most private organisations lack long-time vision and adequate risk appetite, claims economist Mariana Mazzucato in her book ‘The Entrepreneurial State’. According to Mariana, despite popular belief, the most innovative countries have their governments leading from the front as opposed to the private sector. She also observes that the private sector starts investing in innovation and advanced technology only after an “entrepreneurial state” has made the initial high-risk investments and paved the way for success.