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The Global Entrepreneurship Monitor (GEM) is the largest on-going study of entrepreneurial dynamics in the world. It assesses entrepreneurial attitudes and activities at the
national level on an annual basis across 56 countries. The research programme explores the role of entrepreneurship in national economic growth that unveils detailed national
features and characteristics associated with entrepreneurial activity. GEM studies at the grassroots level, the behaviour of individuals with respect to starting and
managing a business. Data collection was conducted on the adult population (2000 random samples) and physical interviews of 42 national experts.
The 2013 study revealed that 20.3% of Singapore residents (ranked 3rd behind US and Canada) intend to start a business in the next 3 years and the main factors
constraining entrepreneurship is the lack of knowledge and skills to start a business and NOT fear of failure. Only 24.8% of respondents felt they had “the knowledge, skill, and experience to start a business”.
Since 2011, NTUitive has participated in GEM as the Singapore member.