singapore startup ecosystem · 2020. 7. 16. · startup visa startup tax exemption scheme (sute)...

Singapore Startup Ecosystem

© 2019 Action Community for Entrepreneurship (ACE) Limited

2© 2019 Action Community for Entrepreneurship (ACE) Limited

VC / Investors Accelerators

CorporatesIncubators / Co working

Increased entrepreneurial activity

In tech sectors

3,400Tech startups

(2012)

4,000Tech startups

(2018)

Source: DOS

Source: Tech in Asia 2016

Increased venture funding activity & amounts

80 dealsUS$136.4m

(2012)

174 dealsUS$1.37b

(2017)

Examples

Unicorns nurturedout of 5 Unicorns in SE Asia

(incl Go-Jek, Indonesian)

4

E-commerce (acquired by

Alibaba)

Asia’s leading ride-hailing

platform

Gaming Gaming hardware

B u s t l i n g S t a r t - u p A c t i v i t y


Raised US$87m from Series C in 2018

Raised US$528m from IPO in HK in 2017

Sold for ~ US$83m to Sekisui Chemical

in 2018

Received $1bn from Alibaba for 51% in 2016 and another $1bn

in 2017

4,000 Startups

BioTech, <1%

CleanTech, 2%

Technology -Others, 3%

AdTech, 2%

EdTech, 6%

HealthTech, 5%

FinTech, 10%

Enterprise Tech, 15%

Consumer Digital, 55%

Advanced Manufacturing,

3%

O ve r v i ew o f S i n ga p o r e S t a r t u p s

Breakdown By Sectors


Benefit from supportive government policies…

the brand and identity of our startup ecosystem

5


Global startups and enablers can benefit from SG’s vibrant ecosystem

Global Ecosystem Partners

Incubators and Accelerators

CorporatesInvestors

IHLs and RIs

Government

5. Co-innovate with

local research and

innovation centres

4. Pilot innovative solutions

with leading corporates &

government agencies as

reference customers

2. Benefit from the

mentorship and support

from international

incubators / accelerators

6. Leverage SG as a

Launchpad for

expansion into Asia

1. Benefit from

supportive government

policies and

infrastructure

3. Leverage SG’s active

venture funding

landscape for

investments and deal

flow 6


STARTUPSG FOUNDER GRANT

•Grant to match $3 for every $1 raised by the entrepreneur

•ACE is one of the Accredited Mentor Partners (AMPs), who will assess startups’applications for the grant and mentor the startups upon the successful application.

•More information on other StartupSG grants available here.

STARTUPSG GRANTS

ENTREPASS

• the EntrePass VISA for foreign entrepreneurs to start a new business in Singapore, open to all nationalities.

•1-year upon approval, 2 years upon renewal

STARTUP VISA

STARTUP TAX EXEMPTION SCHEME (SUTE)

•Tax Exemption of 100% on the first S$100,000, 50% on next S$200,000

• (75% on first S$100,000, 50% on next S$100,000 from 2020 onwards)

•More information on Tax Exemption Scheme available here.

STARTUP TAX RELIEFS

Startup Support

I n

S i n g a p o r e

http://www.startupsg.net/

https://www.iras.gov.sg/irashome/Businesses/Companies/Learning-the-basics-of-Corporate-Income-Tax/Common-Tax-Reliefs-That-Help-Reduce-The-Tax-Bills/

8blocks

60,000sqm

800startups

50enablers

8

L a u n c h Pa d @ o n e - n o r t h


ACE International Centre

ACE Ideation Centre

9

L a u n c h Pa d s i n S i n g a p o r e


LaunchPad (construction)

@Jurong Innovation District LaunchPad (planned)

@Punggol Digital District

LaunchPad (planned)

@Changi Business ParkLaunchPad (expansion)

@one-north

Strength of LaunchPad EcosystemStrong focus on deep-tech activity

AI & Machine Learning

Blockchain

Fintech

Biotech &Medtech

Urban Solutions & Sustainability

Robotics & Hardware

Strength of LaunchPad EcosystemHighly connected to talents and markets

ABOUT ACE


National Lead Private Sector Organisation to enable a connected hub for

Innovation, Enterprise, Startups, Talent


Supported by

Our Continuous Focus

Avenue for

Company

Expansion

Access Hub for

Connected

Ecosystems

Accelerated

Co-innovation

Enabler

1

32

ConnectednessAllow startups to tap on a diverse pool of talent, technology and ideas

ExpansionAssist companies with

market expansion and scaling efforts locally

and worldwide

InnovationFacilitate co-innovation

between enterprisesand startups for

technology adoption


N a t i o n a l S t a r t u p E c o s y s t e m B u i l d e r

ACE International Centre

ACE Ideation Centre

ACE supports >4,000 tech startups

across Singapore

…and within LaunchPad

O u r S u c c e s s

Over the years, ACE has supported many startups and generated numerous

successful startups through our grants, programmes and networks.

Our startups have launched new innovation, raised funds, expanded into new markets, created jobs etc.

ACE has supported >150 tech startups, $5mil value for startups


▪ Market Access Programme

▪ Market Immersion Programme

▪ Corporate Innovation Programme

▪ Digital Transformation Exchange

IdeationConceive Problem

Statement

AccelerationBuild Minimal Viable

Product

ExpansionMarketGrowth

IncubationDevelopTraction

ACE supports startups

across all stages and sectors

▪ BACECamp Programme

▪ Startup Grant Briefing Programme

▪ Mentorship Programme

▪ Co-working Space

Our Programmes

Build a

community where

startups belong

Support startups with

tools and resources

valued at more than $80,000

Facilitate flow of talent and network into startups

An Initiative by ACE for startups

A g g r e ga t e S t a r t u p s t h r o u g h t h e

AC E S t a r t u p s M e m b e r s h i p P r o g r a m m e

Confidential

Community Engagements

Social Lunch with StartupsStartup Workshops, Mentoring Sessions

Community Networking

Regulatory Sessions with the Government

Government Visits and Roundtable Sessions

PROGRAMME

A structured mentoring programme for early stage startups

Promising startups will

be recommended to

apply for $30K Startup

SG Founder Grant

Each startup receives over

$80,000 worth of value and services

Confidential 21© 2019 Action Community for Entrepreneurship (ACE) Limited

Talent Development Programmes

S T A R T U P T A L E N T P R O G R A M M E

HR Workshop Career Fairs Engagement Sessions with IHLs

Supports startups’ hiring of intern with

70% stipend

150 startups

Career Workshops & Consultations Career Speed Dating

A C E S T A R T U P C A R E E R F A I R

Employment Trend Discussion

2,500 talent

200 startups

550 positions

600 students

Confidential

Regional Innovation Hub: One-stop Open Innovation Platform


For corporates,

SMEs, startups and

innovation enablers

Access to networks,

resources and capabilities

to drive cross-border

innovation

Connections to regional

innovation partners and

ecosystems

25,000 startups from 16 cities for cross border co-innovation

Confidential

Corporate Open Innovation


25

C o n n e c t e d E c o s y s t e m s N e t w o r k


Access to 25,000 startups

from 16 cities

T h e L a r g e s t C o n n e c t e d S t a r t u p

E c o s y s t e m i n t h e R e g i o n…and around the region

S o u t h e a s t A s i a P a r t n e r s

ACE works closely with our international partners to establish a connected tech startup ecosystem to drive startup market access and regional innovation hub initiatives

previously known as

© 2019 Action Community for Entrepreneurship (ACE) Limited 26

Connected Ecosystems Partners

G l o b a l P a r t n e r s


ACE works closely with our international partners to establish a connected tech startup ecosystem to drive startup market access and regional innovation hub initiatives

Connected Ecosystems Partners

https://sk.ru/

ACE International Partnerships

Asia Startup Network Forum, KoreaStartUP@Taipei, Taiwan GEC Community, Malaysia

Collaboration with True Digital Park, ThailandASEAN-CHINA Entrepreneurship ForumCollaboration with Fukuoka City, JapanLaunch of ACE International Centre, Singapore

© 2019 Action Community for Entrepreneurship (ACE) Limited28

29


ACE International Events

Singapore Week of Innovation & Technology (SWITCH) 2018, with 6 regional partners from ACE ConnectedEcosystem network to share market insights and support available in regional ecosystems

ACE supported the Singapore International Robo

Expo2017

ACE co-organised the Singapore Conference at Vivatech Paris 2018

Confidential

Market Immersion Programme

ACE Market Immersion Programme

The ACE Market Immersion Programme a one-week structured programme designed to drive local and internationalstartups in their internationalisation efforts. Startups will attend a series of master classes, receive coaching by domainexperts, meet ecosystem influencers and learn to quickly gain access to the SEA markets.


Market Access

Master Classes Mentorship

Targeted Business Matching

Overseas StartupExchanges

Investments

✓ Gain country insights and dedicated business (and

technical) guidance on the regional market through

mentorships, advisory clinics and workshops

✓ Refine startup's business model and product to ensure

product-market fit

✓ Be connected to relevant business partners and clients

to secure business leads and deals in the region

✓ Opportunity to pitch to investors for potential funding

Outcomes

Thailand Malaysia

China

VietnamIndonesiaSingapore



@ACEstartups

F O L L O W U Sbit.ly/ACEstartups

@Action Community for Entrepreneurship (ACE)


C O N T A C T U [email protected]

singapore startup ecosystem · 2020. 7. 16. · startup visa startup tax exemption scheme (sute)...

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