In an age where 1.1 billion people do not have access to clean drinking water and sanitation services, water could be a big business opportunity which small countries with a technological edge can capitalize on. One good example is Singapore, which is well positioned to act as a hub for Blue Tech and serve the Bottom of the Pyramid Hybrid Value Chain. With the massive water technology R&D undertaken by the tertiary educational institutions and the commercial ecosystem in Singapore, this ‘Tiny Red Dot’ could be the next Israel as far as Blue Tech is concerned.
Hub for Blue Tech
By the year 2030, half the world will be living in urban spaces, where the mere provision of basic amenities will be a struggle. Mumbai is the financial capital of India, but it has half its populace living in shanty-towns like Dharavi, which is Asia’s biggest slum with a population of 7 million people . Similar stories can be shared all over urban Asia. In Manila alone, 37 percent of its present population of 14 million lives in shanty towns. By 2050, the slum population in Manila is expected to reach nine million. Read more