How Singapore is driving global innovation and what it means for India’s startup ecosystem

#News(Startup) [ via IoTGroup ]

Headings…
How Singapore is driving global innovation and what it means for India’s st
Enterprise Singapore
Singapore: Global headquarters for the world
An innovation-driven economy
The happening place for startups
Why are Indian startups headed to Singapore?
Towards collective prosperity: Why Singapore matters

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Ranked #1 in Asia for innovation, and #8 globally, Singapore over the years has deepened its capabilities in key sectors such as Advanced Manufacturing and Engineering, Urban Solutions and Sustainability, Health & Biomedical Sciences, Services & Digital Economy and FinTech, earning the title as South East Asia’s regional powerhouse.
Enterprise Singapore, the Singapore government agency that supports the growth of Singapore as a hub for global trading and startups is one example.
As of last year, Startup SG programmes have supported the growth of over 1,160 Singapore-based startups across key sectors such as health, urban solutions, fintech and digital services.
And putting the spotlight on Singapore’s vibrant startup ecosystem and the possibilities it presents are a number of startup and innovation events, some of which enjoy global renown.
The inaugural edition of SFF x SWITCH, is a collaboration between Singapore Fintech Festival (SFF), the world’s largest platform for the FinTech community and the Singapore Week of Innovation and TeCHnology (SWITCH), the leading deep tech platform for the Global-Asia innovation ecosystem.
Why are Indian startups headed to Singapore?
In many other instances, Indian startups that kick-started their journey in India, moved to SIngapore to rev up their prospect of going global.
Singapore’s startup ecosystem has a strong knowledge of these markets, which is essential for startups to scale up.
Corporates and startups from Singapore are increasingly venturing into the Indian market.
While opening up of the economies is one push factor furthering this trend, the other is also because Singapore has been strongly advocating that different players and markets in the region complement each other, and as a region, Southeast Asia can build a collective value proposition for international tech and startups to set foot here

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