Amid the challenges of the current global economic slowdown, Singapore, the Asian startup hub, seems to have been less affected. with continued growth in fundraising Although the number of new unicorns born this year will be less. Known as the “ Silicon Valley of Asia, ” Singapore, a hub for innovation and startups, is home to over 4,000 industrial startups and 630 investors in these startups. According to data from Enterprise Singapore , the Singapore government's entrepren

The rise of start-ups in the region is a factor behind the dynamism of foreign direct investment there, an UNCTAD-ASEAN report finds. Foreign direct investment (FDI) flows to members of the Association of Southeast Asian Nations (ASEAN) surged 42% to $174 billion in 2021, rebounding to the record reached in 2019 before the COVID-19 pandemic dragged down investment. The increase in FDI to ASEAN countries outpaced the 30% average growth rate for developing economies, highlighti

Starting a new business isn’t as simple as coming up with an idea. In addition to the time investment needed to formulate and create a business, there’s often a hefty capital requirement. A new business usually requires paying different fees for licensing, permits, and approvals, and many governments also have minimum on-hand capital requirements. And costs are relative. Though it might be more costly to start a business in some countries on paper, affordability also takes in