Singapore Ecosystem Landscape

For more information about the Singapore Startup Ecosystem head to the Singapore Startup Network by Startup SG here

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.

• Startup SG Equity is a scheme that comprises a co-investment approach and a fund-of-funds approach. Under the co-investment approach, Enterprise Singapore ’s investment arm, SEEDS Capital, alongside SGInnovate, taps on private sector investors’ expertise to assess and co-invest in eligible startups.

• 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 grown a total of 25 unicorns to date.

• Investments in startups grew by more than 45% per annum to reach S$14.7 billion in 2021.

• 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.

• SWITCH 2022 flagship event with more than 300 speakers and 250 exhibitors- including startups, entrepreneurs, investors, MNCs and public sector leaders from around the world. Top 50 global finalists from SLINGSHOT 2022 vie for over S$1.2 million worth in prizes in Grand Finals.

• Growth Stage (Series D and above) deals quantum and count both increased more than 200% from 2020 to

• In 2022, there are now over 200 accelerators and incubators, over 420 VC firms and Angel Networks. 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.
• The Singapore Week of Innovation and TeCHnology (SWITCH) is a community of innovators with a year-long programme of knowledge sharing and networking, featuring a flagship conference and access to our platform.
• 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.