Home to an impressive 25 unicorns, Singapore (SG) leads the charge in Southeast Asia's (SEA) tech revolution. In 2022, it dominated VC investment, claiming a staggering 56% of the region's deal volume. 80 of the world's top 100 technology firms have a presence here. Per DealStreetAsia, SG boasts 25 unicorns, the highest number in SEA. Strategically positioned in the heart of SEA, SG stands out with its implementation of numerous bilateral and regional free trade agreements. This, combined with its digital & data-friendly policies, creates a favorable environment for tech businesses. A prime example is Google’s Next Billion Users project, based in SG & focusing on creating products for emerging markets. This demonstrates the role SG can play in helping MNCs tap into the potential of SEA. Over a decade ago, AvePoint, a SaaS solutions provider from New Jersey, recognized this potential & established its entry point in SG. In 2022, AvePoint announced its newly established SG$100mn R&D Hub in SG, which would be a major hub within the company’s worldwide R&D network. Today, AvePoint's R&D hub & Asia HQs are thriving, employing nearly 200 people. Of the 7,000 MNCs in SG, 4,200 have their regional HQs here, managing their activities across the region. This provides a critical mass of business partners for collaborations & opportunities that new tech trends bring. SEA is predicted to become the 4th largest economy by 2030, offering unprecedented growth opportunities for businesses. Most countries in SEA have young populations with a median age of < 30 and a rising middle class. SG’s focus on talent development & productivity puts it at the forefront of innovation with a strong tech ecosystem. Based on a 2019 report on SG hiring trends by jobs website Glassdoor, hiring in SG’s tech industry outpaced that of the finance sector in 2018, signaling a burgeoning tech market presence. With connectivity to the region & the world, a readily available pool of global tech talents encourages startups to pick SG for their global offices. SG topped the Global Talent Competitiveness Index in Asia-Pacific for the 6th straight year, coming in 2nd in global rankings behind Switzerland & ahead of the US. With 74 data centers, SG hosts 60% of SEA data centers & houses over 22 submarine internet cables, placing it at the heart of regional & global data flows. SG was ranked top in Asia for digital infrastructure & industry connectivity in The Economist Intelligence Unit’s Asian Digital Transformation Index, beating South Korea, Japan, Hong Kong, and China in digital readiness. At BPEA Credit, we recognize SG’s immense growth potential & aim to enhance this success & innovation by collaborating with leading businesses in this dynamic region. We're poised to drive transformative growth in this market by leveraging our investment & structuring expertise. #SingaporeTech #TechOpportunities #SolutionsCapital #GlobalTalent #TechRevolution #BPEACredit
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As Hong Kong positions itself as a global tech hub, the industry faces a critical challenge: a looming talent gap. According to a recent study by Deloitte and the HKUST Business School, 63% of entrepreneurs cited talent shortfall as the major obstacle when founding startups in the city. The rapid pace of innovation, coupled with the increasing demand for skilled professionals, is putting immense pressure on organizations to adapt. While the promise of emerging technologies, such as artificial intelligence (AI) and robotics, looms large, it is crucial to remember that these advancements should augment, not replace, human capabilities. To thrive in this rapidly evolving landscape, companies must prioritize their most valuable asset: their workforce. For large organizations with global footprints, their local offices have the leeway of leveraging their vast and global technical support and draw on this pool of internal expertise to back up their own human resources when required – as in the case of Orange Business in Hong Kong – proving that talents are universal and can transcend boundaries for as long as we know how to nurture and retain the pipeline. #talents #emergingtechnologies #futureready #futureofwork #HongKong #OrangeBusiness #emergingtechnologies #futureofwork #futureready #futureready #HongKong #OrangeBusiness
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We are pleased to spotlight the recent contribution of Marek Rodak, Principal at MidEuropa, to a PE Hub Europe article highlighting some of the compelling tech investment trends present in Central Europe. In the article, Marek provided insight into the key macro dynamics attracting companies like Google, Intel, and Microsoft to the region and what this means for private equity players, stating that "large global tech companies moving their delivery and support centres to Poland, paired with Central Europe's promising GDP growth forecasts and skilled workforce, make the region ripe for private equity investment." To find out more, read the full article here: https://lnkd.in/d_AREbqQ #privateequity #poland #tech #nearshoring #digitalvalley
MidEuropa: Poland's tech nearshoring edge drawing private equity
pehubeurope.com
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As Hong Kong positions itself as a global tech hub, the industry faces a critical challenge: a looming talent gap. According to a recent study by Deloitte and the HKUST Business School, 63% of entrepreneurs cited talent shortfall as the major obstacle when founding startups in the city. The rapid pace of innovation, coupled with the increasing demand for skilled professionals, is putting immense pressure on organizations to adapt. While the promise of emerging technologies, such as artificial intelligence (AI) and robotics, looms large, it is crucial to remember that these advancements should augment, not replace, human capabilities. To thrive in this rapidly evolving landscape, companies must prioritize their most valuable asset: their workforce. For large organizations with global footprints, their local offices have the leeway of leveraging their vast and global technical support and draw on this pool of internal expertise to back up their own human resources when required – as in the case of Orange Business in Hong Kong – proving that talents are universal and can transcend boundaries for as long as we know how to nurture and retain the pipeline. #talents #emergingtechnologies #futureready #futureofwork #HongKong #OrangeBusiness
Bridging the tech talent gap: How Hong Kong businesses can invest in people and workplaces
orange-business.com
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Southeast Asia, with Vietnam at the forefront, is witnessing a surge in investments from global tech giants like Foxconn, buoyed by regional economic initiatives such as the RCEP. Corporate venturing has emerged as a pivotal strategy, bridging established firms with innovative startups to foster growth and drive technological advancements. Vietnam alone boasts over 1,500 digital tech companies expanding globally, underscoring the region's vibrant IT potential and rapid market expansion. Successful collaboration with deep-tech startups demands strategic risk management and tailored engagement approaches that align with corporate objectives. As Southeast Asia's IT sector continues to evolve, leveraging local expertise and fueled by robust economic growth, it presents compelling opportunities for companies poised to capitalize on the region's dynamic landscape. Explore the boundless possibilities in Southeast Asia's thriving IT sector today! #southeastasia #technologyboom #corporateventuring #techinnovation
Council Post: 'Golden Period' Of Corporations Venturing Into Asian Technology Market
social-www.forbes.com
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As Hong Kong positions itself as a global tech hub, the industry faces a critical challenge: a looming talent gap. According to a recent study by Deloitte and the HKUST Business School, 63% of entrepreneurs cited talent shortfall as the major obstacle when founding startups in the city. The rapid pace of innovation, coupled with the increasing demand for skilled professionals, is putting immense pressure on organizations to adapt. While the promise of emerging technologies, such as artificial intelligence (AI) and robotics, looms large, it is crucial to remember that these advancements should augment, not replace, human capabilities. To thrive in this rapidly evolving landscape, companies must prioritize their most valuable asset: their workforce. For large organizations with global footprints, their local offices have the leeway of leveraging their vast and global technical support and draw on this pool of internal expertise to back up their own human resources when required – as in the case of Orange Business in Hong Kong – proving that talents are universal and can transcend boundaries for as long as we know how to nurture and retain the pipeline. #talents #emergingtechnologies #futureready #futureofwork #HongKong #OrangeBusiness
Bridging the tech talent gap: How Hong Kong businesses can invest in people and workplaces
orange-business.com
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As Hong Kong positions itself as a global tech hub, the industry faces a critical challenge: a looming talent gap. According to a recent study by Deloitte and the HKUST Business School, 63% of entrepreneurs cited talent shortfall as the major obstacle when founding startups in the city. The rapid pace of innovation, coupled with the increasing demand for skilled professionals, is putting immense pressure on organizations to adapt. While the promise of emerging technologies, such as artificial intelligence (AI) and robotics, looms large, it is crucial to remember that these advancements should augment, not replace, human capabilities. To thrive in this rapidly evolving landscape, companies must prioritize their most valuable asset: their workforce. For large organizations with global footprints, their local offices have the leeway of leveraging their vast and global technical support and draw on this pool of internal expertise to back up their own human resources when required – as in the case of Orange Business in Hong Kong – proving that talents are universal and can transcend boundaries for as long as we know how to nurture and retain the pipeline. #talents #emergingtechnologies #futureready #futureofwork #HongKong #OrangeBusiness
Bridging the tech talent gap: How Hong Kong businesses can invest in people and workplaces
orange-business.com
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As Hong Kong positions itself as a global tech hub, the industry faces a critical challenge: a looming talent gap. According to a recent study by Deloitte and the HKUST Business School, 63% of entrepreneurs cited talent shortfall as the major obstacle when founding startups in the city. The rapid pace of innovation, coupled with the increasing demand for skilled professionals, is putting immense pressure on organizations to adapt. While the promise of emerging technologies, such as artificial intelligence (AI) and robotics, looms large, it is crucial to remember that these advancements should augment, not replace, human capabilities. To thrive in this rapidly evolving landscape, companies must prioritize their most valuable asset: their workforce. For large organizations with global footprints, their local offices have the leeway of leveraging their vast and global technical support and draw on this pool of internal expertise to back up their own human resources when required – as in the case of Orange Business in Hong Kong – proving that talents are universal and can transcend boundaries for as long as we know how to nurture and retain the pipeline. #talents #emergingtechnologies #futureready #futureofwork #HongKong #OrangeBusiness
Bridging the tech talent gap: How Hong Kong businesses can invest in people and workplaces
orange-business.com
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🚀 Exciting Developments: Australia's Rise as a Regional Tech Hub! 🌏💻 Australia is quickly emerging as a dynamic force in the global tech scene, solidifying its position as a key regional hub for innovation and technology. 🇦🇺 🌐 Tech Ecosystem Flourishing: With a supportive ecosystem and a vibrant startup culture, Australia is nurturing the growth of tech companies across various sectors. From fintech to biotech, the country is buzzing with creativity and entrepreneurial spirit. 💡 Innovation Thriving: Australian tech startups are pushing boundaries and driving innovation. With access to world-class research institutions and government support, these companies are developing cutting-edge solutions that are making waves globally. 👩💻 Top Talent Magnet: Australia's tech scene is attracting top talent from around the world. With a skilled workforce and a high quality of life, the country offers an attractive destination for professionals looking to advance their careers in tech. 🔬 Research and Development: Australia's commitment to research and development is fueling tech advancements. Collaborations between academia, industry, and government are driving breakthroughs in areas such as artificial intelligence, renewable energy, and healthcare technology. 📈 Investment on the Rise: The influx of investment in Australia's tech sector is a testament to its potential. Venture capital firms, multinational corporations, and government initiatives are all contributing to the growth of the ecosystem. 🤝 International Partnerships: Australia is actively forging partnerships with other tech hubs around the world. Collaborations with countries like the United States, China, and Singapore are opening up new opportunities for innovation and collaboration. 🌏 Global Recognition: As Australia's tech scene continues to thrive, it is gaining recognition on the global stage. From Silicon Valley to Shenzhen, the world is taking notice of the talent, innovation, and opportunities that Australia has to offer. 🎉 Let's celebrate the rise of Australia as a regional tech hub and continue to support the growth of innovation and technology in the country! 🌟 #AustraliaTechHub #Innovation #Technology #GlobalImpact
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Discover how Southeast Asia's tech ecosystem is grappling with a tech winter and what the future might hold for this region. 🌐 In his address at the Tech in Asia Conference 2023, 500 Global managing partner Khailee Ng discouraged gossip and complaints about Southeast Asia. ❄️ Amid a tech winter, tech funding in the region saw a 30% drop between 2022 and 2023 and startup creation slowed, contrasting with an optimistic financial outlook for the region's digital economy. 🔭 Some suggest the way ahead may involve Southeast Asian startups seeking growth beyond local, regional expansion. - Want to keep up with the ins and outs of the #tech ecosystem in Asia? Sign up for free at techin.asia/newsletters
Is the tech bubble bursting in Southeast Asia?
techinasia.com
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Why do many ANZ tech firms ignore Asia in their growth plans? 🤔 It's a common theme I love to talk about and something I'm going to be running a session on with the River City Labs community in May (thanks for the invite Laura Ashmole!). Expanding into the US & UK is can be a huge opportunity, and we at SCALERR support that, but at the right time, and for the right reasons. On the flipside, the ASEAN region, also has huge potential and is right on our doorstep: 🌏 Huge consumer market with a growing middle class hungry for fresh products and services. 📈 Robust economic growth. 📲 Quick tech adoption. 🏙 Thriving innovation hubs packed with talent and investors. 🤝 Potential for strategic partnerships. 💰 Fintech innovation is booming, offering untapped opportunities. Our Singapore HQ is thriving with Colin Kleine 🚀 leading the charge. It's been great building our partner network right throughout the region, not only focussed on supporting global businesses expand in, but also supporting Singaporean businesses go further. Happy to talk to anyone who wants to hear my thoughts on the above! ACE.SG (Action Community for Entrepreneurship) Tech Singapore Advocates Tech Australia Advocates Singapore Economic Development Board (EDB) Enterprise Singapore Founders Forum Group #globalexpansion #asia #singaporetech #startupecosystem #startupgrowth
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