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Corruption kills entrepreneurship

By NexChange
Venture Capital

On Tuesday night, Nobel Laureate Professor Dan Shechtman spoke at the Hong Kong University of Science and Technology about “How Technological Entrepreneurship Can Be Nurtured”.

The distinguished chemist sees five important factors that are keys to promoting get-up-and-go risk-taking:

“We need good basic education for everyone. And then we need a good engineering and science education, government policy and support for entrepreneurship, a free market economy, and, most important of all, no corruption, for corruption kills entrepreneurship.”

Schechtman’s delivered his lecture at the UC RUSAL President’s Forum and HKUST 25th Anniversary Distinguished Speakers Series. UC Rusal is the world’s second biggest aluminium producer and is controlled by Oleg Deripaska, one of Russia's richest and best-connected oligarchs.
Photo: Fred S.

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