Ascertis Credit’s Post

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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