Similarly, university courses educating software startup themes often have students found mock-up startups through the programs and encourage them to make them into actual startups should they want to take action. Such mock-up startups, however, is probably not enough to accurately simulate real-world startup practice if the challenges typically faced by startups (e.g. lack of funding to maintain operating) are not present in the course setting. Design pondering is used to understand the customers’ need in an engaged manner.

IRAS and the Accounting and Corporate Regulatory Authority have co-created a digital resolution that allows companies to automate the preparation and submitting of Form C-S and Annual Return to IRAS and ACRA respectively via accounting software program. The digital resolution leverages on Application Programming Interface to simplify the tax submitting course of for firms and reduces their threat of constructing errors. Some startups turn out to be big they usually become unicorns, i.e. privately held startup firms valued at over US$1 billion. The term was coined in 2013 by enterprise capitalist Aileen Lee, selecting the mythical animal to represent the statistical rarity of such successful ventures. According to TechCrunch, there were 452 unicorns as of May 2019, and many of the …