Rising competition from neighbouring countries is challenging Singapore’s attractiveness as a business destination and an entrepreneurial hub with a with a world class startup ecosystem.
Its reputation as a centre for multiple business clusters has generated significant benefits and synergies for the city-state. This and the fact that it still is the densest startup ecosystem in the world (with a world-class legal and other infrastructure, governance and reputation) has helped maintain its stature, despite certain deficits.
Image: Constellation of Singapore startup system by Zach Tan of IDA (2014)
