Startups outside of Silicon Valley bank on having international reach.
Though tech startup investment is in decline across Asia, a new report from Tech in Asia should offer some hope for startups in Singapore looking for funding.
A global view confirms that governments are catching up to what VC’s have known for a long time: investing in tech startups has a massive payoff. Countries that invest in startup passion see a confirmed economic uptick within just a few years.
Foreign innovation drives startup economies, and in the US alone, 51% of billion-dollar startups were founded by immigrants.
Cities across the world have taken notice: encouraging the free movement of information and talent is crucial to tech sector success. That’s why Singapore, a longtime advocate of attracting foreign talent, has seen major growth as a startup hub. As Industry Leaders Magazine reports, this city-island-nation has the potential to become the next Silicon Valley.