Singapore has been a hotbed for the startup community quite a while now, with some believing that it’s going to be able to give Silicon Valley a run for its money in the not-too-distant future.
Singapore has always been focused on building up their business community in giving their citizens every opportunity for economic success, providing the kind of infrastructure and education that entrepreneurs need to compete globally today. On top of that, the Singapore government has always been business friendly and forward focused, which is why it shouldn’t surprise anyone that there is so much venture capital pouring into Singapore right now.
According to industry insiders paying attention to the flow of cash and capital in the startup community around the world, major new outpourings of venture capital are rushing into Singapore-based opportunities in a way that hasn’t been seen in quite a while. Three major new initiatives are “going live” in the last segment of 2017, with nearly $400 million being invested by venture capital organizations around the world.
Investors are looking to dump just as much money as humanly possible into the venture capital firms throughout Singapore as well, hoping that they are going to be able to cash in on the tremendous amount of success that Singapore startups have been able to enjoy recently.
As we highlighted above, Singapore has really started to gain a reputation as one of the real incubators of the startup community globally, and a real force in the global economy and the business world. Other Asian powerhouses (including China and Japan, as well as India) have been paying close attention to all of the startup action happening in Singapore, and many organizations in these nations have been contributing significant investment into Singapore-based operations as well.
The United States, the UK, and European nations have also been looking to get in on the action. According to industry reports, nearly $21.5 billion has been invested in Singapore venture capital in the last year alone, and many believe that this number is going to almost double before the end of 2018.
Asia is attracting a tremendous amount of venture capital, and the fact that they have such a powerhouse grip on the manufacturing and production aspects of the global economy is only going to further cement the Asian region as a major influencer of the global economy.
A lot of the new startups that are being founded and incubated in Singapore have gone on to enjoy a tremendous amount of success, and if the hits continue to keep on coming the rate of venture capital flowing into Singapore is only going to increase exponentially. Things are really starting to heat up for this Southeast Asian city state, and if they continue down the path that they have already established for themselves – and continue their tradition of reinvesting in their nation and in the near future – it isn’t at all unreasonable to see Singapore having a much larger amount of influence on the global economy in the years to come.
About the Author
Morris Edwards is a content writer at CompanyRegistrationinSingapore.com.sg, he writes different topics like Why Is Singapore Preferred For Incorporation By Startups?, Singapore unveils major investments into deep tech startups and research and all topics related to Startup Business and Registration, if you are interested about Company Registration Singapore visit our website.