Singapore – The Startup Friendly Eldorado

SINGAPORE The startup-friendly eldorado Singapore, which means in Malayan "Lion City", has been able to attract investments from all types of industries and put great efforts to establish itself not only as SEA's financial hub but also as its high-tech hub, Among its many advantages, Singapore benefits from a developed free-market economy, an open and corruption free envi- ronment, stable prices and a high per capita GDP. Singapore Rank 3d worldwide for foreign trade and investment 5.4M inhabitants WEF , 346 5.6% 2nd 4 official languages: Mandarin, English, Malay, Tamil GDP growth in 2012 in the world Average annual growth of services in Germany startups on AngelList Global 157 000 millonaires 0.7% Competitiveness Index 1.3% 1% (ranks 10th worldwide) еconomy Singapore Switzerland 31.8% 63% 50% 23% of population gives a high of population is aged below 24 of population consider becoming an entrepreneur a desirable career choice of population perceive tremendous business status to successful entrepreneurs in society (GEM) opportunities in their country (GEM) (GEM) 80% of Singapor- eans access the In- ternet daily 97% in the 15-19 MARKET The average Singaporean spends 25 hours on the Internet every week VS. $60,789; age range average revenue per person 12 hours on broadcast TV For every 100 Singaporeans. per year $34380 in Germany 87 Economic growth over the last 3 years Top 3 trends in the tech market have smartphones largest penetration in Asia Pacific 1.8% -0.2% Singapore EU 74 Tablet use Mobile Online travel Percentage market cap (as part of GDP) use social networks reg- ularly apps 150.8% internet users have a 50% 23% tablet in their home 75 Singapore EU 76% 21% ios are online 2nd World ranking World ranking for infrastruc- for Technology $1bn 7th Android 3% Other (Symbian, Nokia.) tures (WEF) readiness (WEF) e-commerce O 4 million f in market size social network users grew 36% since Singaporean web users last year spend more than 2$ FINANCING 7 hours per week on social media sites Ahead of Germany, Sweden and Swit- $454.9bn zerland 12086 Rank 5th $39.9M Stock of Direct Foreign Investment - at home Investors on Worldwide VC and Private Equity Capital set aside by the Singaporean govern- ment to support early stage investment AngelList attractiveness index LOCAL CONTEXT- Media attention for entrepreneurship High-Technology export % of existing media 1st 4 major accelerators and incubators $126.4b most business friendly country in the world JFDI 77% 50% $64.1b Superincubator iAxil 2nd Golden Gate Venture Higher education and training ranking (WEF) Singapore European Union 6 major co-working spaces Startup Club:hq SmartSpace The Hub Main startup influencers 2002 2011 TIA, e27 and StartUp Club $52,960 average salary for a marketing manager $63,552 in the US Rank 11th Worldwide Entrepreneurial Culture and Deal Opportunities per year Club 71 Space at 8 The Co WHO TO FOLLOW Entrepreneurs to follow Startups to follow TadeHero Douglas Gan Co-Founder at Vanity- Eric Tachibana John Fearon Mobile Stock Market Game COO APAC at UBS Founder of Dropmysite Trove.com @DouglasGan @lohnFearon Dropmysite.com Success story Website monitoring and backups vıkı PRATE30 3D Printing dockPHP Over 22 million viewers Japanese Rakuten Viki is a platform that streams videos with crowdsourced subtitles videos viewed per year, a month, 1 billion acquired Viki for $200M Create Menoge.Surf. Website builder 170 languages Sources: Global Competitiveness Index (WEF); WorldBank - Bloomberg: Credit Suisse Global Wealth Report 2013; Global Innovation Index 2013; Angel.co; www.gemconsortium.org; CCK, April, 2013; www.gs.statcounter.com; Seedstars World; www.hubbathailand.comd seedstarsworld www.seedstarsworld.com