The number of tech startups has grown to 4,000 in 2017, with 22,000 employees. There were 2,800 tech startups in 2003.
Singapore is positioning itself as a gateway for startups to develop, test-bed solutions and expand into the region to spur growth and create jobs. It recently lured Dyson to manufacture the company’s first electric car on the island, and is in talks with other makers of green vehicles to set up shop and do the same.
“We need to build on what we already have here,” Edwin Chow, assistant chief executive officer of Enterprise Singapore, said at a media briefing. “It’s a good opportunity to bring the crowd in – good companies and startups from all around the world.”
