Despite its small size, Singapore has become a top APAC hub for start-ups.
The gleaming Southeast Asian city-state boasts a strategic location, supportive government policies, robust legal frameworks, and a diverse workforce, all of which have attracted a variety of businesses from AI and healthcare to manufacturing and software.
The city-state leads the FT’s ranking of high-growth companies in the Asia-Pacific with 93 firms listed, surpassing cities like Seoul and Tokyo.
At 23rd place is Lionsbot, a cleaning robot manufacturer. Despite its primary markets being in the US and Europe, co-founder Dylan Ng points to Singapore's stable geopolitical outlook and large talent pool as key benefits of their strategic headquarters.
The city's robust ecosystem and ease of doing business makes it an ideal base for start-ups aiming to expand internationally. As a fundraising hub in the Southeast Asian region, it attracts founders and investors alike.
Primary care telehealth startup Doctor Anywhere sees most of its underlying business coming from the local and regional market. Co-founder Wai Mun Lim explains their plans to first "build out the business" locally before expanding out: "When you tell anyone a business is from Singapore, it means you are legitimate."
Article by Mercedes Ruehl for FT. Read more here or in the PDF below.
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