16 Oct '15, 2am

4 Reasons Why Singapore Is a Global Hot Spot for Entrepreneurship

Move over Silicon Valley, Singapore is ready for its closeup. It ranks as the tenth hottest startup ecosystem worldwide, according to a report from research firm Compass. The city-state boasts about 3,600 startups in sectors as wide-ranging as e-commerce to social media to gaming. A key benefit to starting up in Singapore is its strategic location and connectedness to foreign markets, with as many as 49 percent of its customers taking up residence outside the country. Investors are starting to take notice: Singapore ranks No. 9 in terms of venture capital funding in the Compass report, second only to Bangalore in the Asia Pacific region. Yet, the country has consistently ranked No. 1 for its ease of doing business, according to the World Bank. (By contrast the U.S. ranked 7th in 2014 and 2013.) As confirmation, the Lion City is home to thousands of multinational corporatio...

Full article: http://www.inc.com/zoe-henry/what-you-need-to-know-about-...

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4 Reasons Why Singapore Is a Global Hot Spot fo...

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