Singapore climbs to 5th place in global startup rankings

Singapore climbed to 5th place in the global startup rankings, according to StartupBlink’s latest Global Startup Ecosystem Index. This impressive result puts Singapore at the forefront, ahead of Sweden and close to Canada, which currently ranks 4th.

Over the past five years, Singapore has made impressive progress, moving up 16 spots and being recognized as the fastest-growing startup ecosystem in the world. Most notably, Singapore has doubled China’s performance, cementing its position as Asia’s leading startup hub.

The country ranks 3rd globally for its favorable business environment, making it an ideal location for new business ventures. Financial stability, business-friendly policies, and tax incentives make Singapore a top choice for entrepreneurs looking to launch their startups in Asia.

Despite its modest market size and population, Singapore’s startup ecosystem is thriving thanks to its focus on international development. This global outlook has helped the country become a model for innovation, attracting startups looking to conquer global markets.

In addition to its impressive national success, Singapore ranks 16th in the global city rankings, ahead of Shenzhen, and has become the 6th highest-ranked city in the Asia-Pacific region.

StartupBlink, a leading global research platform specializing in the innovation economy, has highlighted Singapore’s impressive achievements and its entrepreneurial-friendly environment. The platform’s annual reports and rankings are an invaluable tool for making informed decisions about relocation, investment and research, providing a wealth of information on the latest innovation hubs around the world.