Singapore's entrepreneurial ecosystem remains in the spotlight of the Global Startup Ecosystem Report:

• Ranking as the #7 Global Startup Ecosystem, moving up one spot from GSER 2023

• The ecosystem created $144 billion in Ecosystem Value from Jul 01, 2021 to Dec 31, 2023, representing 27% compound annual growth compared to Jul 01, 2019 to Dec 31, 2021 time period. Ecosystem Value is a measure of economic impact, calculated as the value of exits and startup valuations.

• Top 10 Global Ecosystem and #2 Asia Ecosystem in Funding — measures innovation through early-stage funding and investor’s activity

• Top 10 Global Ecosystem and #4 Asia Ecosystem in Performance — measures the size and performance of an ecosystem based on the accumulated tech startup value created from exits and funding

• Top 15 Global Ecosystem in Talent & Experience — measures long-term trends over the most significant performance factors

• #5 Asia Ecosystem in Talent & Experience— measures long term trends over the most significant performance factors and the ability to generate and keep talent in the ecosystem

• Top 15 Asia Ecosystem in Knowledge — measures innovation through research and patent activity

• The Life Sciences, AI, Big Data & Analytics, and Cleantech sectors are highlighted for their density of talent, support resources, and startup activity

• Strong market access, ease of doing business, and deep IP and deep tech expertise are cited as reasons a startup should move to the ecosystem

“Singapore's ascent as the core of the Pan Asia Startup Ecosystem hub brings together visionary founders and investors to advance Deep Tech- and AI-driven- innovations, cementing its position as a leading force in the region,” says Atsushi Taira, Co-founder and Chairman, The Edgeof, and Managing Director, Mistletoe Singapore

"Singapore continues its rise in the Global Startup Ecosystem ranking, now reaching #7 with $144 billion in Ecosystem Value,” remarks JF Gauthier, Founder & CEO of Startup Genome.

For more insights and an overview of Singapore’s startup landscape, visit the Singapore ecosystem page.

To learn more about startup ecosystems around the world, view the full, free Global Startup Ecosystem Report.