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The Startup Ecosystem in Singapore - an Emerging Hotspot for Innovation

Six Austrian FinTech Startups embarking on a one-week acceleration program in Singapore during the Singapore FinTech Festival 2024

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Singapore has established itself as one of the most dynamic startup ecosystems globally. Its strategic location, stable economy, and business-friendly policies attract entrepreneurs and investors from around the world. 

The Singaporean government actively fosters entrepreneurship through various proactive measures. Initiatives like Startup SG provide essential financial assistance, training, and networking opportunities for founders. Moreover, an array of tax incentives and grant programs are designed to transform innovative ideas into successful ventures. This comprehensive support system creates a conducive environment for startups to establish and flourish.

Singapore has emerged as a leader across multiple sectors, including fintech, healthtech, e-commerce, and artificial intelligence. A significant contributor to the success of its startup ecosystem is the accessibility of capital. The city attracts a multitude of investors and venture capital firms eager to invest in promising startups. As a result, Singapore has positioned itself as a hub for angel investors and institutional backers, facilitating startups in securing the necessary funding for their growth.

According to the Global Startup Ecosystem Index 2023 by Startup Genome, Singapore has risen to the 8th rank among global startup ecosystems. 

The Global Incubator Network Austria (GIN) plays a crucial role in connecting Austrian and international startups, investors, incubators, and accelerators, with a focus on hotspots in Asia, including Singapore.

As part of the Go Singapore 2024 initiative, we are thrilled to co-host six innovative fintech startups to participate at the Fintech Festival 2024 in Singapore.

  •  MAIN SEQUENCE: Leveraging AI and machine learning to revolutionize asset management workflows through the concept of Asset Management as Code.
  •  MARABOU: A community-focused platform that funds moonshots in purpose-driven innovative fields. 
  •  MION: Unleashing the potential of Bitcoin through seamless payment solutions.
  •  MORPHER: Enabling the trading of stocks, commodities, and Forex on the blockchain for a decentralized trading experience.
  • MY EXPAT TAXES: The first and most trusted tax software for U.S. expatriates, simplifying tax compliance for individuals abroad.
  • TREVER: An institutional operating system provider for digital assets, enhancing operational capabilities for financial institutions.