San Francisco has long been a dream destination for entrepreneurs. But increasingly, Australian founders are turning to Singapore to realize their global ambitions.
Camille Goldstone-Henry, CEO and cofounder of Xylo Systems, is a prime example. After emerging from Startmate’s 2021 cohort and securing $200,000 in pre-seed funding from Investible’s Climate Tech Fund, she considered expanding into the U.S. However, she found the U.S. market too dispersed and instead shifted her focus to Singapore.
Joining the Investment NSW Going Global Program to Singapore, Goldstone-Henry discovered a promising market for her biodiversity impact management platform. “We’ve secured customers and made invaluable connections with potential investors,” she said.
Singapore’s appeal lies in its positioning as a sustainability innovation hub in the ASEAN region, with government incentives promoting low-carbon technologies. The city-state offers Australian startups a robust ecosystem of 7,000 multinational companies, 4,000 startups, and 200 venture capital firms, supported by the Singapore-Australia Green Economy Agreement (GEA).
For Australian climate tech and cleantech ventures, Singapore serves as an ideal springboard into Asia's rapidly growing markets.
Article from Startup Daily. Read more here.
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