| | NOVEMBER 20234 Singapore is set out to cement its position as a leading startup and venture capital hub, entering the top 10 index for the first time. The city-state joins some of the world's biggest tech ecosystems like Silicon Valley, New York, and London, according to a new industry report. According to the latest global study by Startup Genome, a research company based out of the US, Singapore now ranks 8th after surging ahead 10 places from last year. In Asia, it placed second behind Beijing, which fell two places to 7th in the same period. Going ahead, Singaporean startups are getting exposed to many more opportunities, thanks to the efforts from both private and public sectors. Now, Enterprise Singapore (EnterpriseSG), a statutory board under the Ministry of Trade and Industry of the Government of Singapore, has launched new Global Innovation Alliance (GIA) nodes in Mumbai, Melbourne, and Sydney that will help Tech startups in Singapore that are keen to enter markets in India and Australia. The Singapore Deputy Prime Minister cum Coordinating Minister for Economic Policies, Heng Swee Keat, announced the new nodes at the opening of Asia's leading deep tech festival Singapore Week of Innovation and Technology (SWITCH), organized by EnterpriseSG.The new nodes will help Singaporean tech startups expand their operation to India and Australia and drive innovation collaboration. With the new additions, the GIA network now operates in 21 cities globally. The EnterpriseSG has recently formed a strategic partnership with the Qatar Research, Development, and Innovation (QRDI) Council to stimulate cross-border collaboration and pioneering open innovation. The indications suggest that the good days of Singapore's startup ecosystem are set to continue. Sujith VasudevanManaging Editor editor@ceoinsightsasia.comEditorialThe Startup Ecosystem in Singapore is Thriving Vol 04 · Issue 4-5 ·NOVEMBER 2023 Publisher Alok Chaturvedi Managing Editor Sujith Vasudevan Manager - DesignPrabhu Dutta A.R.N Ray Noida Rohit Raghubanshi Akshay Shettyadvertise@ceoinsightsasia.comEditorial queries editor@ceoinsightsasia.comTo subscribeVisit www.ceoinsightsasia.com/subscribe/ or send emailto subscription@ceoinsightsasia.comMagazine Price is $50 per issuePublisher Alok ChaturvediPrinted and Published By Alok Chaturvedi on behalf of InfoConnect Web Technologies India Pvt. Ltd., and Printed at Precision Fototype Services at Sri Sabari Shopping Complex, 24 Residency Road Bangalore-560025 and Published At No. 124, 2nd Floor, Surya Chambers, Old Airport Road, Murugeshpalya, Bangalore-560017.Copyright © 2023 InfoConnect Web Technologies India Pvt. Ltd., All rights reserved. Reproduction in whole or part of any text, photography or illustrations without written permission from the publisher is prohibited. The publisher assumes no responsibility for unsolicited manuscripts, photographs or illustrations. Views and opinions expressed in this publication are not necessarily those of the magazine and accordingly, no liability is assumed by the publisher.Senior DesignerGirisha M Tushar Das Antony Arnold FVP - Sales & Marketing Amrit Kumar Singh Circulation Manager Magendran Perumal Editorial Tejaswini P. Keerthana Kantaraju Roopalatha H. Hima P M
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