Part 3 Test

Summary of responses

Singapore is very pro-enterprise and regulations are transparent and readily available online.  What is the
1)
name of the multi-agency portal that serves Singapore’s business community?

a) ACE Startups

b) SME Portal

c) Bizfile

d) ACRA

e) None of the above is correct

Learner's answers:

 SME Portal

While many agencies worked hand-in-hand to promote and support entrepreneurship ecosystem in
2)
Singapore, which agency is the main agency coordinating these efforts?

a) SPRING

b) IDA

c) NRF

d) MDA

e) IE Singapore

Learner's answers:

 SPRING

Other than business registration information, SME Portal also provides industrial specific regulation
3)
information?

a) True

b) False

Learner's answers:

 True

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4) Based on SPRING’s categorisation, a company with S$120 revenue and 50 workers is considered as a

a) Micro Enterprise

b) Small Enterprise

c) Medium Enterprise

d) Large Enterprise

e) Non-conclusive

Learner's answers:

 Medium Enterprise

5) In Singapore, what is the estimated percentage of workforce in SMEs?

a) 48%

b) 67%

c) 80%

d) 99%

Learner's answers:

 67%

6) In Singapore, how many enterprises are considered as SMEs?

a) 80%

b) 85%

c) 90%

d) 95%

e) 99%

Learner's answers:

 99%

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7) Majority of the start-ups are considered as 

a) Micro Enterprise

b) Small Enterprise

c) Medium Enterprise

d) Large Enterprise

e) Technology Enterprise

Learner's answers:

 Micro Enterprise

Between 2003 to 2013, number of startups more than doubled.  Which sector had the highest growth in
8)
startups?

a) Precision Engineering

b) Pharma & Biomed

c) Chemicals

d) Tourism

e) Info-communication Technology

Learner's answers:

 Info-communication Technology

Centres of Innovation (COI) helps SMEs with technology consultancy and advice as well as helping in
9) innovation projects development.  If a SME needs help in Supply Chain Management, which tertiary
institution hosted the COI that is best to provide assistant?

a) Ngee Ann Polytechnic

b) Republic Polytechnic

c) Nanyang Technological University

d) National University of Singapore

e) Singapore Polytechnic

Learner's answers:

 Ngee Ann Polytechnic

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 To help SMEs, there are 7 Centres of Innovation (COI) hosted in various tertiary institutions.  Which
10)
institution hosted the Electronics COI?

a) Ngee Ann Polytechnic

b) Nanyang Polytechnic

c) Nanyang Technological University

d) National University of Singapore

e) Singapore Polytechnic

Learner's answers:

 Ngee Ann Polytechnic

11) How many Startup Accelerators and Incubators are there in Singapore?

a) Less than 35

b) More than 50

c) Only 40

d) They are in United States but not in Singapore

e) None of the above is correct

Learner's answers:

 More than 50

12) With the success of LaunchPad at One-North, JTC created another LaunchPad in which location?

a) One-South

b) Changi Business Park

c) District 71

d) Jurong Innovation District

e) Science Park District

Learner's answers:

 Jurong Innovation District

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13) Which of the statement(s) below is(are) true?

a) All Incubators provide growth capital through their pool of venture capitalists.

b) Angel Investors are investors from religious group.

c) Accelerators’ business model is providing office rental to startups.

d) All Accelerators provide educational programme cohort by cohort to their startups.

e) None of the above statements are true

Learner's answers:

 All Accelerators provide educational programme cohort by cohort to their startups.

14) Project creation is currently open to creators in the following countries:

a) Include Singapore, Canada but not Hong Kong

b) Include Australia but not United Kingdom

c) Include Singapore and New Zealand

d) Include Hong Kong and China

e) Include United States but not Norway

Learner's answers:

 Include Singapore and New Zealand

15) As of May 2017, how many projects in Kickstarter had raised more than 10 million USD?

a) 1

b) 3

c) 5

d) 7

e) 9

Learner's answers:

 5

/
16) More than 3 billion USD had been raised under Kickstarter as of May 2017. What is Kickstarter?

a) Venture Capital

b) Accelerator

c) Incubator

d) Crowdfunding Platform

e) US Government Initiative

Learner's answers:

 Crowdfunding Platform

In 2014 data provided by Kickstarter, Singapore was among the top 10 most number of backer in the world.
17)
Which other country(ies) was/were also in the top 10?

a) Japan

b) Korea

c) Hong Kong

d) Korea and Hong Kong

e) China and Japan

Learner's answers:

 Japan

Founded in 2005, Y Combinator is a top Accelerator from Mountain View that had investors fighting to
18)
invest in their startup at sky-high prices. Which of the following was a startup of Y Combinator?

a) GrabTaxi

b) Uber

c) Makeblock

d) Dropbox

e) Sphero

Learner's answers:

 Dropbox

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 In NTU, we started our own startup accelerator programme in 2009, looking to create a platform for young
19) budding entrepreneurs from Singapore. We envision a future full of innovative, tech-savvy and
entrepreneurial Singaporeans. What is the name of this accelerator programme?

a) Startup@SG

b) Ideasinc

c) Y Combinator

d) Techstar

e) NTU Entrepreneur

Learner's answers:

 Ideasinc

Next Thing Co. produced a $9 computer and had a very successful launch in Kickstarter. They were a
20)
company under which Accelerator programme?

a) 500 Startups

b) Hax

c) Y Combinator

d) Techstar

e) AngelPad

Learner's answers:

 500 Startups

Mark: 17  out of  20

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