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Local tech talent non-existent all the IT people here from Philippines or India or Malaysia, now even HR Talent Acquisition outsource to the whole world to hire their own kind, coolie gene sinkies voted for this shit!
I think PAP should already concluded that it will not be able to get the best into the island. Dolly the sheep project failure is a good example.
The best PAP can do is to seize any upcoming talents from neighbours and bring them in. Grab being a good example.
Out of a thousand tech start ups maybe one can be profitable. The odds are lower for superstars like Facebook or Google to emerge. The rest are just hyped up money laundering conjobs.
So by law of averages sinkapore's tech scene will never become the next Silicon valley.