Singapore has climbed to the 4th position in the Global Startup Ecosystem Index 2025, up from 5th last year, according to StartupBlink. This marks a significant rise from 16th place in 2020, highlighting Singapore’s rapid growth as a leading startup hub. The city-state’s conducive business environment and strong investor presence have been pivotal in this ascent.
Enterprise Singapore (EnterpriseSG) attributes this success to the country’s ability to provide stability, resources, and market access despite global funding challenges. Assistant Managing Director Emily Liew emphasised Singapore’s openness to talent and collaboration, stating, “Enterprise Singapore will continue to strengthen the ecosystem and we welcome global startups with strong science-based solutions to leverage Singapore as a launchpad.”
EnterpriseSG supports over 4,500 tech startups with access to funding, ecosystem partners, and skilled talent. Singapore leads Southeast Asia in venture funding, securing nearly 60% of the region’s deal volume, with a total deal value exceeding $6.7 billion in 2024. The recent establishment of SG Growth Capital aims to enhance startup financing.
SLINGSHOT 2025, a global deep tech startup competition, will further energise the ecosystem by increasing grant prizes by 80% to over $2 million. The competition will culminate at the Singapore Week of Innovation and Technology (SWITCH) 2025. Past winners, like Thermalytica, have leveraged SLINGSHOT’s platform for growth and partnerships.
The call for SLINGSHOT 2025 applications is open until 11 July 2025, inviting startups to engage with Singapore’s dynamic ecosystem.
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