Healthtech, greentech, agri-tech, and AI are emerging as key growth areas in Singapore's startup ecosystem, driven by the nation's digital and green economies.
Among these, healthtech has become a standout investment focus due to its transformative impact on medicine and technology and rising consumer demand for accessible healthcare.
According to Enterprise Singapore and Dealstreet Asia, healthtech showed resilience amid a broader funding slowdown, with deal volume more than doubling from 21 in 2022 to 51 in 2023. Greentech and agri-tech are also gaining traction, supported by Singapore's emphasis on sustainability and health-centric innovations.
AI startups are growing as well, fueled by Singapore's advanced AI infrastructure and skilled talent pool. The rise of generative AI further cements AI's role as a catalyst for innovation and investment across sectors, as highlighted in the Singapore Venture Funding Landscape 2023 report.
Article from Singapore Business Reivew. Read more here or in the PDF below.
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