Singapore’s Tech Ecosystem By the Numbers

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.