Singapore: Home to More Than 9,300 Start-ups and 12 Unicorn Companies

Singapore is the top destination in Southeast Asia for start-up investments, report shows. The Republic is home to more than 9,300 start-ups and 12 unicorn companies, which have valuations of US$1 billion or more.

Singapore Economic Development Board (EDB) will continue to focus on high-growth and high-value-added sectors. Singapore is home to more than 6,472 technology-focused start-ups with valuations of up to US$500 million.

There are special incentives available for companies with innovations or technologies for cutting carbon emissions, waste, water and plastic use, and developing plant-based products.

Singapore is also home to some of the world's most valuable start-ups, including property portal 99.co, payments software platform Spenmo and blockchain technology company imToken and finance operating system company Aspire. The city-state is also home to a number of emerging giants - fast-growing, influential and innovative companies with ambitions of becoming unicorns.

Read the full article here: https://bit.ly/StraitsTimes_Start-ups