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 a model for innovation and another great example of a relatively small country that massively over-performs. The country has become a location of choice for the incorporation of startups operating in Asia due to its financial stability, pro-business approach, and tax policies. Because Singapore has a small market and population, its ecosystem’s growth depends on scaling overseas. This aspect gives the ecosystem a unique regional perspective from the start. Attesting to this is the nation’s success in producing billion dollar valuations. The dominance of companies like Grab is a great example of how Singapore is becoming the headquarters of activities for leading regional startups. ==read-more==
 The Singapore ecosystem boasts a growing number of accelerators and support networks. For instance, [Enterprise Singapore](https://www.enterprisesg.gov.sg/) has accelerator programs that allow early stage startups to access financial aid and business loans, while initiatives such as [Startup SG](https://www.startupsg.gov.sg/) focus on promoting Singapore’s startup ecosystem. The country also has a strong digital infrastructure and plenty of investment sources. On top of this, the country’s universities are involved in the startup scene, not only by training a highly qualified workforce for the R&D sector, but also in connecting programs to startups and encouraging entrepreneurship on campuses. 
 Singapore’s public sector is highly supportive of the startup ecosystem, but the country should be careful not to turn this support into a dependency. Moreover, attracting talent and maintaining competitiveness on a global scale should also be focal points for Singapore which is rapidly replacing Hong Kong as the favorite Gateway to Asia. Some challenges are still evident: high real estate prices make it harder to attract non established foreign talent, and there is a general risk averseness in the local population. 
Initiatives such as the [Entrepreneur Pass](https://www.mom.gov.sg/passes-and-permits/entrepass) (EntrePass) could become instrumental in keeping up with the high demand for a qualified workforce. Considering the country's stability and infrastructure, it is only natural for Singapore to make the next big leap from its leading role in Asia to become a truly global startup ecosystem.

Singapore

Adena Friedman is Chair and Chief Executive Officer at Nasdaq

Adena Friedman

New York

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