Singapore Ecosystem Landscape

Incentives

• Tech@SG Program helps fast-growing companies establish their core teams in Singapore and more quickly capture business opportunities in the country and the region.

• Tech.Pass is a visa that allows established tech entrepreneurs, leaders or technical experts from around the world to come to Singapore.

• The Special Situation Fund for Startups supports early to late-stage promising startups that can contribute to Singapore’s national priorities via convertible note.

• The Finance and Treasury Centre (FTC) Incentive aims to encourage companies to grow treasury management capabilities and use Singapore as a base for conducting strategic finance and treasury management activities.

Investor Landscape

• Singapore has produced 10 unicorns to date and has over 3600 thriving tech startups.

• Startups have attracted over $10B in investment since 2019.

• The Singaporean government has provided over $60B of funding since 1990 to support R&D at universities, research institutes and industries.

• In 2019, Singapore invested approximately 75% of total VC dollars in the region, solidifying its leadership role amongst its neighbors.

• The coworking sector in Singapore has grown 3 times between 2015 and 2019 with The Great Room Coworking Space, JustCo Coworking Space and District Coworking Space being some of the biggest coworking spaces in Singapore.

• There are more than 100 venture capital firms in Singapore and that space is still growing and attracting a lot of international VCs to Singapore. The biggest VCs include: DreamLabs, 500 startups, B capital group, Monk Hill Ventures, and Jungle Ventures.

Notable events and communities

• Innovfest Unbound: is the largest startup innovation event in Asia. It is the award-winning meeting point for the international industry, dedicated to helping build digital economies and turbocharging the ASEAN innovation ecosystem.
• Asia Tech x Singapore: Asia Tech x Singapore (ATxSG) is Asia’s flagship tech event where technology intersects with society and the digital economy. ATxSG enables participants to network and track the latest tech trends, challenges and opportunities.
• Singapore Innovation & Entrepreneurship Group: Is a community consisting of local innovators, entrepreneurs, corporate innovation labs, startups, investors, and innovation supporters, exchanging experiences and ideas to build a better tomorrow.
• Startup Grind Singapore: is a vibrant chapter within the global community of passionate individuals who work in and with startups: from entrepreneurs and investors to students and established startup founders and executives.