Singapore: The Asia’s Silicon Valley

The Silicon Valley in the U.S. has been coined as the place of tech innovation, in western movies, tech conventions, and others. Many tech experts believe that soon a new epicenter of tech hub may emerge. Surveys and reports cite that Singapore is on the verge of becoming the next Silicon Valley.

Singapore tech startup scene is getting hotter by the year. Money is pouring in and valuations are soaring as investors bet big on the region’s rapid growth, huge markets and youthful, mobile-savvy consumers.

Singapore was transformed into a major manufacturing and financial center after its proclamation in 1965 despite having limited land and as many natural resources.

Singapore has long been established as a global financial center and is now set to become the “Silicon Valley of Asia”.

China’s tech giants Tencent, ByteDance, and Alibaba have plans to invest and set up regional headquarters in the city-state. By doing so, they will be adding their names to a long list of other tech giants like Amazon, Google and Facebook, which have long established their presence in Singapore as their regional research and development hub.

So how does Singapore do it?

Read more why Singapore is poised to become the next Silicon Valley at this InCorp Global blog.