While I am not a super enthu-guy into web 2.0, I feel that there are far too many web 2.0 ventures existing… While YouTube is successful and when YouTube was first launched, it does get people excited. But after a while with too many websites offering video sharing feature, the excitement of video sharing just dies down… (At least quite true for me…)

Most entrepreneurs probably like to start a web-based company probably because the start-up cost is much lower compared to other industry. I feel that there are many equally good opportunities in other high-tech industry besides web-based industry that I feel that entrepreneurs shouldn’t overlook.

For example, with Vietnam entering WTO, many successful business models that once worked in China can be brought there. Real estate is a good business in VN; also manufacturing and electronics sector growing there very fast.

On the engineering side, Singaporean entrepreneurs can probably engage in some engineering design / consulting firm, especially in New Product Development. Maybe, Singapore should have their own “IDEO” company. For example, my TR3001 lecture, Neo Kok Beng was an electrical engineer and had done many new product dev such as coming up with GPS system for taxi, portable medical devices etc.

Recently, a group of FSAE (the NUS race car) alumni led by Peter Ho recently founded a company (and has a factory) in late september 2006 called HopeTechnik to provide consulting and design for motorsports such as helping DSO to fine tune some military engines.

www.hopetechnik.com

Also, animation is probably one good business opportunity to start with in Singapore, especially with Electronics Arts and Lucas film already setting base in Singapore. However, pool of talents are still limited. But I am sure there are creative Singaporeans who are good who have great ideas for manga / anime creation. CG animation / visual effects is also needed in movies making. In a radio interview about Jack Neo’s latest movie, Jack Neo also expresses interest that if can, he hopes that his future movies can incorporates more graphics effects.

While I feel that it’s good to see websites like SgEntrepreneurs, E27 etc with passionate entrepreneurs talking about entrepreneurship, the topic discussion are mainly related to web-based. Web-based business probably works best in America or western countries.

Maybe, the local entrepreneurs should take a step backwards and consider blogging about opportunities beyond just the web-based industry such as looking at some other possible disruptive innovations in other industries.

Just my 2 cents.