Singapore City has 3,022 startups in our sample database. This represents about 99% of Singapore’s startups. Singapore City is the highest-ranked startup ecosystem in Singapore.
In 2024, the startup scene of Singapore City developed considerably and increased in the Global Ecosystem Index by 4 spots.
Singapore is known for its exceptional education system and highly skilled workforce. The country’s bilingual education policy and top-ranking universities ensure a talent pool of qualified professionals. Additionally, Singapore is the second most attractive location for foreign and startup talent, making it an ideal destination for entrepreneurs.
The city-state boasts exceptional internet speed, ranking as the fastest internet speed hub in the world and the third globally for median download speed. This robust connectivity enhances productivity and enables seamless communication, supporting the growth of digital businesses.
Singapore hosts various renowned events that attract entrepreneurs and innovators from around the world. Innovfest Unbound, Asia Tech x Singapore, [SLINGSHOT@SWITCH](http:// SLINGSHOT@switch), and SWITCH are notable events where startups can network, showcase their innovations, and establish valuable connections.
Singapore excels in both transport and digital infrastructure. The city-state ranks first globally for transport infrastructure and first in Asia for digital infrastructure. Specialized facilities like AerialArena@SUTD and JTC LaunchPads cater to the needs of startups, providing the necessary support and resources.
Private investment in Singapore is thriving, with global companies choosing to establish their headquarters in the city-state. Venture capitalists and family offices, including Sequoia Capital, B Capital, and Lightspeed Venture Partners, have a strong presence. Additionally, collaborations and innovation hubs like Medtronic’s open innovation platform and McKinsey’s sustainability innovation hub contribute to Singapore’s thriving private investment landscape.
Overall, Singapore offers a conducive environment for relocation and investment, with its strong education system, talented workforce, excellent infrastructure, and vibrant private investment landscape.
86 startups
698 startups
319 startups
The health check tables allow you to look at the performance Singapore City has in each of the parameters that are part of StartupBlink's ranking algorithm. There are five tables, corresponding to the three subscores, the subscore analysis and industry ana...
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Startup Funding in Singapore City 2017 - 2024
From 2022 to 2023, startup funding in Singapore City has decreased by 43.26%. During this period, the number of deals in Singapore City has decreased by 39.52%. Since 2017, total startup funding in Singapore City exceeded US$ $75.06B.
Average Funding in 2023
$11.58M
Funding in 2023
$6.08B
Deals in 2023
525
USD
Amount of Funding (USD)
Number of Deals
Singapore City is ranked within the top 20 startup ecosystems globally.
Singapore City’s startups excel particularly in Foodtech where it ranks 6 and in Fintech, and Ecommerce & Retail. Find out more
Within Singapore City there is an increased attraction for entrepreneurs to set up their startups in industries such as Foodtech, Fintech, Ecommerce & Retail. These three industries represent about 36% of the startups represented on the Startup Ecosystem Map of Singapore City.
Singapore City is Singapore's 1st best startup ecosystem and is ranked 1st in South East Asia. With a population of 2M - 10M people, Singapore City is ranked 16th in the world. The city has some notable startup success stories including bitget.com and its startup ecosystem infrastructure is strengthened by organizations such as Lazada and 8 Cross St.
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A robust startup ecosystem creates a sense of community that brings entrepreneurs together and helps them feel less isolated. It gives them access to mentors, advisors, fellow entrepreneurs, and talents. The foundation of such an ecosystem largely relies on government support. Good policies create a fair and supportive environment that helps startups grow. Bad policies […]