Singapore Startup Ecosystem - Hub of Innovation
Voted as the second-easiest place to do business in the world by the World Bank in 2019, Singapore is a thriving regional, financial and trading hub. Its unique position at the heart of the ASEAN region and easy access to talent, capital and research organizations makes it the perfect gateway for startups and scale-ups to access and scale in Southeast Asia. With its advanced IT infrastructure, strong government support and intellectual property laws and deep tech talent pools, Singapore claimed the title as world-leading technology innovation center.
The coronavirus pandemic has uprooted most aspects of daily life, and much of the economy built around it. However, out of crisis comes opportunity!
The Singapore Government has pledged aid to the startup Tech sector due to the economic impact of Covid-19. With a $150 million boost for the Startup SG Founder program amid the COVID-19 pandemic. For some companies, COVID-19 was the catalyst to pivot to new opportunities. The additional support for startups will help support entrepreneurs pursue innovative ideas.
In Singapore, fast-growing start-ups especially in the food, retail and technology industries have been working to respond to the changing environment.
As part of Dutch policy, six 'priority Hubs' were designated at the end of 2019, which are seen as the most important Hubs for international growth of startups and scale-ups. Singapore is one of these Hubs!
You can find a detailed overview on the Singapore startup ecosystem via this link.
If you want to get inspired and get enlightened to expand your business to Singapore, please visit TechLeap GoGlobal website on https://goglobal.techleap.nl/regional-insights/singapore
It's the the ultimate guide and source on Global expansion to Singapore with valuable data and interactive maps regional insights, video tips from fellow Dutch entrepreneurs, a checklist and must-knows and much more!
If you have questions on doing business in SEA, looking for support or connections, or want to know more about the region, please feel free to contact our Regional Startup Liaison:
Gabby van Herpt
Email : Gabbyemail@example.com