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Ecosystem of mentors, partners needed to drive entrepreneurship, says EY’s Loh

Benjamin Cher
Benjamin Cher10/2/2017 08:00 AM GMT+08  • 7 min read
Ecosystem of mentors, partners needed to drive entrepreneurship, says EY’s Loh
(Oct 2): Max Loh has had the opportunity to meet a great many entrepreneurs and has developed respect for what they do. “Entrepreneurship is the lifeblood of every economy,” says EY’s managing partner for Singapore and Asean. “[Entrepreneurs] see
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(Oct 2): Max Loh has had the opportunity to meet a great many entrepreneurs and has developed respect for what they do. “Entrepreneurship is the lifeblood of every economy,” says EY’s managing partner for Singapore and Asean. “[Entrepreneurs] see gaps in the market ahead of everybody else and have the forward thinking to tap into those gaps, scale up and get away.”

Loh is therefore proud of the role that EY has played in supporting the entrepreneurship ecosystem here. Every year for the past 15 years, EY has hosted the EY Entrepreneur Of The Year (EOY) awards to honour Singapore’s top entrepreneurs for their contributions to the economy and society. Past winners have included John Lim, group CEO of ARA Asset Management; Richard Eu, group CEO of Eu Yan Sang International; and David Teo, chairman and managing director of Super Coffeemix Manufacturing.

“At the end of the day, it is an entire ecosystem that has to drive entrepreneurship,” says Loh. “When you recognise entrepreneurs, it helps create an entire ecosystem where people look at these entrepreneurs as role models and hopefully look to follow in their [footsteps].”

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