Foreign tech startups leveraging Singapore’s brand to venture overseas

Foreign technology startups are leveraging Singapore’s brand to scale their businesses and venture overseas by attaining accreditations issued here.

“We are seeing an increasing number of frontier tech startups emerging at the intersection of radical scientific breakthrough and real-world implementation,” a spokesman for the Infocomm Media Development Authority (IMDA) told The Straits Times.

Since the IMDA launched its accreditation programme in 2014 and its Spark programme for early stage startups in 2018, more than 180 companies have benefited from them, winning more than 2,800 projects in government and enterprise sectors as at March 2023, she said.

The Republic is one of the leading startup hubs in the region, with more than 4,000 tech startups, 400 venture capital firms, and 200 incubators and accelerators.