Despite being an island nation inhabiting just 5.6 million people, Singapore has become one of the world’s leading centers for technological innovation, and the go-to place for entrepreneurs — big or small, local or international. A report published last year by US-based Startup Genome project, which covered 10,000 start-ups and 300 partner companies, stated that tiny Singapore has overtaken tech mecca Silicon Valley as the world’s number one for startup talent. The report cited the country’s innovative policies, significant government subsidies, ease of starting businesses, and geographical location that acts as an effective gateway to nearly 600 million people living in the Southeast Asian region as the reasons for its success.
