Features
Years ago, as a younger officer who had just joined the Singapore public service, I sat in a classroom listening to a senior civil servant share his philosophy for policy making. “Policy is implementation.” He said, “what’s on paper is only as good as what is actually practiced on the ground.” It sounded like good advice; I scribbled it in my notebook at the time and kept it at the back of my mind.
It’s widely documented that entrepreneurship is fraught with challenges. Even the most seasoned of entrepreneurs have tackled many obstacles over their career. It is the lessons that these challenges provide which set you up for future success. These learning opportunities can be even further enriched by consulting entrepreneurs who have overcome similar hurdles.
At Colorintech, we work to support underrepresented people to get into tech and be successful in tech. One of the ways we do that is by supporting underrepresented tech founders by running an annual accelerator programme, but following four editions of this, we wanted to challenge ourselves to think about how we can evolve the model of founder support.
New businesses are launched seemingly every minute, and every business leader believes they have stumbled on the next big thing. However, the Association of Business Executives has stated that approximately 660,000 new companies are registered in the UK every year, of these, 20% will not make it past their first year, rising to almost 60% within three years.
Walt Disney’s first animation company went bankrupt before he created his entertainment empire. August Horch was ousted from his company before going on to pioneer what would eventually become Audi. Bill Gates’ traffic data measuring company failed when many states began offering this service for free
In 1962, Arthur C Clarke wrote “magic’s just science we don’t understand yet”, and it’s a quote that bears striking relevancy today. Nearly every home in the developed world is filled with a menagerie of electronic gadgets allowing cheap, easy, and near-instantaneous communication with almost anyone, regardless of their global location.
The IT market is experiencing a crisis all over the world – the number of vacancies is declining, while the number of specialists open to new offers is steadily growing. There are many reasons for such changes in the IT market. The main now is the Russia’s invasion of Ukraine, the economic crisis and its consequences in all spheres of our lives












