Oradell

Singapore City

![a large body of water with a city in the background](https://images.unsplash.com/flagged/photo-1562503542-2a1e6f03b16b?ixlib=rb-4.0.3&ixid=M3wxMjA3fDB8MHxzZWFyY2h8M3x8c2luZ2Fwb3JlJTIwY2l0eXxlbnwwfHwwfHx8MA%3D%3D&w=1000&q=80)
 Singapore is not only a model for innovation but also a standout example of a relatively small country that exceeds expectations. The nation has positioned itself as a prime location for startups looking to establish themselves in Asia, thanks to its financial stability, business-friendly environment, and tax regulations. Despite its limited market and population, Singapore's startup ecosystem relies on expanding internationally for growth, giving it a unique regional perspective from the outset. This strategy has proven successful, evident in the creation of billion-dollar startups within the country. Leading regional startups like Grab showcase Singapore's emergence as a headquarters for prominent companies in the region, particularly excelling in the Fintech industry, solidifying its position as a global hub for financial innovation. 

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 The Singapore ecosystem continues to thrive with the support of various accelerators and networks, such as the Action Community for Entrepreneurship (ACE), offering a wealth of resources, connections, and expertise to assist entrepreneurs in launching their ventures. Additionally, [Enterprise Singapore](https://www.enterprisesg.gov.sg/) provides accelerator programs that offer financial assistance and business loans to early-stage startups, while initiatives like Startup SG promote and bolster Singapore's startup ecosystem. With a robust digital infrastructure and abundant investment opportunities, coupled with university involvement in fostering entrepreneurship, such as the National University of Singapore's [NUS Enterprise programs](https://enterprise.nus.edu.sg/), Singapore is well-equipped to nurture startup growth and expansion overseas. 

 While the public sector in Singapore remains highly supportive of the startup ecosystem, efforts should be made to ensure that this support does not lead to dependency. Attracting and retaining top talent and staying globally competitive are priorities for Singapore as it replaces Hong Kong as the preferred Gateway to Asia. Events like [Echelon Asia Summit](https://e27.co/echelon/asia) and [SWTICH](https://switchsg.org/) underscore Singapore's commitment to engaging with entrepreneurs and innovators worldwide. Despite challenges like high real estate prices and risk aversion among locals, initiatives like the Entrepreneur Pass (EntrePass) could play a vital role in meeting the demand for skilled workforce and sustaining growth. 

 With its stability and infrastructure, Singapore is poised to elevate its role from an Asia-centric leader to a truly global startup hub. The country's ranking and innovation in the startup sphere, coupled with ample funding opportunities, place Singapore firmly on the map as a formidable player in the global startup scene.

Singapore

Tyler Cowen is Holbert L. Harris Chair of Economics at George Mason University and serves as chairman and general director of the Mercatus Center at George Mason University.

Tyler Cowen

Fairfax

As the innovation hub of the Asia-Pacific region, Taiwan is renowned for its outstanding high-tech R&D capacity, highly-trained professionals, and thriving networks of entrepreneurs which enable our  startup ecosystem to achieve steady continuous growth.

Director General, Department of Academia-Industry Collaboration and Science Park Affairs

In the recent years, Moscow has become a gravity centre for the most talented people not only from Russia and Eastern Europe, but from all over the world. Such concentration of professionals affirms Moscow as one of the global “cities of the future”, world centre for the development of breakthrough technologies, particularly in IT.

The Moscow Agency of Innovations was established to create a truly favorable environment for the advancement of technology in Moscow.

2016

The Skolkovo Innovation Center and Skolkovo Foundation was signed into law with a goal to goal is to create a sustainable ecosystem of entrepreneurship and innovation.

2010

Avito, a classified ads website and now a unicorn, first went online.

2007

The Moscow Seed Fund, a VC which invests in see and pre-seed startups, was established.

2005

Yandex search engine was launched!!!!

1997

Ninja Van, PatSnap, Advance Intelligence Group and Nium join the unicorn club

2021

The Infocomm 21 Master Plan is launched with the objective of making Singapore a leading Infocomm hub