Singapore has made remarkable strides in the global startup landscape, recently climbing to fourth place in the 2025 Global Startup Ecosystem Index, as reported by research platform StartupBlink. This advancement from fifth place in 2024 marks a significant achievement, reflecting a 12-spot rise since 2020. Such progress positions Singapore as one of the fastest-growing startup ecosystems worldwide, showcasing its commitment to innovation and entrepreneurship.
The index attributes Singapore’s impressive performance to several key factors that create a conducive environment for startups. A business-friendly regulatory framework, coupled with a robust support system, has attracted both local and international entrepreneurs. The presence of investors, access to diverse startup opportunities, and a concentration of global tech players and corporations contribute to a vibrant ecosystem. Furthermore, the depth of local talent, particularly in sectors like deep tech, fintech, foodtech, artificial intelligence, and advanced manufacturing, underscores Singapore’s strategic positioning in these critical industries.
Role of Education in the Ecosystem
Central to Singapore’s startup success is its educational infrastructure. The country’s universities play a pivotal role in cultivating a highly skilled workforce tailored for the research and development sector. These institutions not only provide rigorous academic training but also foster entrepreneurship through various initiatives and programs on campus. Emily Liew, assistant managing director of innovation at Enterprise Singapore, emphasizes the ecosystem’s openness to talent and collaboration, highlighting the importance of educational institutions in nurturing future innovators.
Government Support and Initiatives
Singapore’s ascent in the rankings coincides with a robust year for startup funding and proactive government initiatives. A report by Enterprise Singapore and research firm PitchBook, released in April 2025, reveals that Singapore accounted for nearly 60% of the venture capital deal volume in the ASEAN region, with a total deal value of US$4.8 billion in the previous year. This impressive figure illustrates the growing confidence of investors in Singapore’s startup potential.
To further bolster the startup ecosystem, the government announced an additional investment of S$440 million in October, aimed at attracting more venture capital firms to invest in local deep tech startups. This funding increase brings the total under the Startup SG Equity scheme, managed by Enterprise Singapore and the Economic Development Board (EDB), to over S$1 billion. In April, the launch of SG Growth Capital, a strategic investment platform, further enhances startup financing and venture building, demonstrating the government’s commitment to fostering a dynamic entrepreneurial environment.
A Model for Global Startup Ecosystems
Singapore’s steady rise in global startup rankings is a testament to its dedication to creating a supportive environment for entrepreneurs and innovators. The country is not only setting a standard for startup ecosystems around the world but also positioning itself as a launchpad for global startups with strong science-based solutions. As Liew noted, Enterprise Singapore will continue to strengthen the ecosystem, welcoming international startups to leverage Singapore’s resources and market access for growth and scalability in the region and beyond.
With its strategic initiatives, strong educational framework, and a collaborative atmosphere, Singapore is poised to remain a leader in the global startup arena, attracting talent and investment while fostering innovation across various sectors.
