singapore – the startup friendly eldorado

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SINGAPORE The startup-friendly eldorado Singapore, which means in Malayan "Lion City", has been able to attract investments from all types of industries and put great efforts to establish itself not only as SEA's financial hub but also as its high-tech hub. Among its many advantages, Singapore benefits from a developed free-market economy, an open and corruption free envi- ronment, stable prices and a high per capita GDP. Singapore 346 startups on AngelList Rank 3d worldwide for foreign trade and investment Singapore Switzerland Average annual growth of services in economy Global Competitiveness Index in the world 5.6% 2nd WEF 5.4M inhabitants 4 official languages: Mandarin, English, Malay , Tamil 157 000 millonaires (ranks 10th worldwide) of population is aged below 24 of population gives a high status to successful entrepreneurs in society (GEM) of population consider becoming an entrepreneur a desirable career choice (GEM) of population perceive tremendous business opportunities in their country (GEM) 31.8% 63% 50% 23% GDP growth in 2012 1.3% 0.7% 1% Germany MARKET average revenue per person 74 use social networks reg- ularly 87 have smartphones 75 are online For every 100 Singaporeans... $60,789 2nd World ranking for infrastruc- tures (WEF) 7th World ranking for Technology readiness (WEF) per year The average Singaporean spends 25 hours on the Internet every week VS. 12 hours on broadcast TV Economic growth over the last 3 years Percentage market cap (as part of GDP) Singapore EU Singapore EU -0.5 0.0 0.5 1.0 1.5 2.0 1.8% 150.8% 50% -0.2% 0 50 100 150 200 Top 3 trends in the tech market 23% Tablet use Mobile apps Online travel internet users have a tablet in their home 4 million social network users 76% iOS 21% Android 3% Other (Symbian, Nokia..) $1bn e-commerce market size 80% of Singapor- eans access the In- ternet daily 97% in the 15-19 age range largest penetration in Asia Pacific $34380 in Germany grew 36% since last year FINANCING Singaporean web users spend more than 7 hours per week on social media sites $454.9bn Stock of Direct Foreign Investment - at home 2086 Investors on AngelList Rank 5th Worldwide VC and Private Equity attractiveness index Capital set aside by the Singaporean govern- ment to support early stage investment $39.9M Ahead of Germany, Sweden and Swit- zerland LOCAL CONTEXT Higher education and training ranking (WEF) 2nd 6 major co-working spaces Startup Club:hq SmartSpace The Hub Club 71 Space at 8 The Co 1st most business friendly country in the world Rank 11th Worldwide Entrepreneurial Culture and Deal Opportunities Media attention for entrepreneurship European Union Singapore 0 30 60 90 120 150 77% 50% % of existing media 4 major accelerators and incubators JFDI Superincubator iAxil Golden Gate Venture Main startup influencers TiA, e27 and StartUp Club High-Technology export 2002 2011 average salary for a marketing manager $52,960 per year $63,552 in the US $64.1b $126.4b WHO TO FOLLOW Entrepreneurs to follow Success story Startups to follow Eric Tachibana COO APAC at UBS Douglas Gan Co-Founder at Vanity- Trove.com @DouglasGan John Fearon Founder of Dropmysite @JohnFearon Japanese Rakuten acquired Viki for $200M Over 22 million viewers a month, 1 billion videos viewed per year, 170 languages Viki is a platform that streams videos with crowdsourced subtitles Mobile Stock Market Game Website builder 3D Printing Website monitoring and backups Sources: Global Competitiveness Index (WEF); WorldBank - Bloomberg; Credit Suisse Global Wealth Report 2013; Global Innovation Index 2013; Angel.co; www.gemconsortium.org; CCK, April, 2013; www.gs.statcounter.com; Seedstars World; www.hubbathailand.comd www.seedstarsworld.com

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SINGAPOREThe startup-friendly eldoradoSingapore, which means in Malayan "Lion City", has been able to attract investments from all types of industries and put great efforts to establish itself not only as SEA's financial hub but also as its high-tech hub. Among its many advantages, Singapore benefits from a developed free-market economy, an open and corruption free envi-ronment, stable prices and a high per capita GDP.

Singapore

346startups on AngelList

Rank 3dworldwide for foreign trade and investment

Singapore Switzerland

Average annual growth of services in economy

Global Competitiveness Index

in the world5.6% 2nd

WEF5.4M inhabitants

4 official languages: Mandarin, English, Malay , Tamil

157 000 millonaires(ranks 10th worldwide)

of population is aged below 24

of population gives a high status to successful entrepreneurs in society (GEM)

of population consider becoming an entrepreneur a desirable career choice(GEM)

of population perceive tremendous business opportunities in their country(GEM)

31.8% 63% 50% 23%

GDP growth in 2012

1.3% 0.7% 1%

Germany

MARKETaverage revenue per person

74use social

networks reg-ularly

87have

smartphones

75are online

For every 100 Singaporeans...$60,789

2ndWorld ranking for infrastruc-tures (WEF)

7th World ranking for Technology readiness (WEF)

per year

The average Singaporean spends 25 hours on the

Internet every week VS.

12 hours on broadcast TV

Economic growth over the last 3 years

Percentage market cap (as part of GDP)

Singapore EU

Singapore EU

-0.5

0.0

0.5

1.0

1.5

2.0 1.8%

150.8% 50%

-0.2%

0

50

100

150

200

Top 3 trends in the tech market

23%

Tablet use Mobile apps

Online travel

internet users have a tablet in their home

4 millionsocial network users

76% iOS

21%Android

3%Other (Symbian,

Nokia..)$1bne-commerce market size

80% of Singapor-eans access the In-

ternet daily97% in the 15-19

age range

largest penetration in Asia Pacific

$34380 in Germany

grew 36% sincelast year

FINANCINGSingaporean web users

spend more than 7 hours per week on social media sites

$454.9bnStock of Direct Foreign Investment - at home

2086Investors on AngelList

Rank 5thWorldwide VC and Private Equity attractiveness index

Capital set aside by the Singaporean govern-ment to support early stage investment

$39.9MAhead of Germany, Sweden and Swit-zerland

LOCAL CONTEXT

Higher education and training ranking (WEF)

2nd6 major co-working spacesStartup Club:hqSmartSpace The HubClub 71Space at 8The Co

1stmost business friendly country in the world

Rank 11thWorldwide Entrepreneurial Culture and Deal Opportunities

Media attention for entrepreneurship

European Union

Singapore0

30

60

90

120

150

77% 50%

% of existing media4 major accelerators

and incubatorsJFDI

Superincubator iAxil

Golden Gate Venture

Main startup influencersTiA, e27 and StartUp Club

High-Technology export

2002 2011average salary for a marketing manager$52,960

per year $63,552 in the US

$64.1b

$126.4b

WHO TO FOLLOWEntrepreneurs to follow

Success story

Startups to follow

Eric TachibanaCOO APAC at UBS

Douglas GanCo-Founder at Vanity-

Trove.com@DouglasGan

John Fearon Founder of Dropmysite

@JohnFearon

Japanese Rakuten acquired Viki for $200M

Over 22 million viewers a month, 1 billion

videos viewed per year, 170 languages

Viki is a platform that streams videos with

crowdsourced subtitles

Mobile Stock Market Game

Website builder

3D Printing

Website monitoring and backups

Sources:Global Competitiveness Index (WEF); WorldBank - Bloomberg; Credit Suisse Global Wealth Report 2013; Global Innovation Index 2013; Angel.co; www.gemconsortium.org; CCK, April, 2013; www.gs.statcounter.com; Seedstars World; www.hubbathailand.comd www.seedstarsworld.com