Singapore’s Startup Ecosystem Rises to 5th Globally -

Singapore has achieved a remarkable milestone, ascending to the 5th position in StartupBlink’s Global Startup Ecosystem Index. This significant leap reflects the country’s dynamic and rapidly evolving startup environment. Over the past five years, Singapore has risen 16 spots, marking it as the fastest-growing startup ecosystem worldwide. Notably, Singapore has surpassed Sweden and is poised to challenge Canada’s 4th position in the near future.

The index, which evaluates the business environment, infrastructure, and the success of startups, awarded Singapore a score of 37.736. This high score underscores the nation’s robust business environment, ranking 3rd globally in this category. According to StartupBlink, this position indicates a particularly favorable regulatory environment for startups, making Singapore an attractive destination for new businesses.