Singapore Startup Ecosystem · 2020. 7. 16. · STARTUP VISA STARTUP TAX EXEMPTION SCHEME (SUTE)...
Transcript of Singapore Startup Ecosystem · 2020. 7. 16. · STARTUP VISA STARTUP TAX EXEMPTION SCHEME (SUTE)...
Singapore Startup Ecosystem
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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)
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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
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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
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Benefit from supportive government policies…
the brand and identity of our startup ecosystem
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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
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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
8blocks
60,000sqm
800startups
50enablers
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L a u n c h Pa d @ o n e - n o r t h
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ACE International Centre
ACE Ideation Centre
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L a u n c h Pa d s i n S i n g a p o r e
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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
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National Lead Private Sector Organisation to enable a connected hub for
Innovation, Enterprise, Startups, Talent
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Supported by
Our Continuous Focus
Avenue for
Company
Expansion
Access Hub for
Connected
Ecosystems
Accelerated
Co-innovation
Enabler
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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
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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
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▪ 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
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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
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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
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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
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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
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Connected Ecosystems Partners
G l o b a l P a r t n e r s
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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
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
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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.
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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
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@ACEstartups
F O L L O W U Sbit.ly/ACEstartups
@Action Community for Entrepreneurship (ACE)
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C O N T A C T U [email protected]