Singapore as a new business building hub

Singapore is especially well positioned to host new businesses that can scale quickly – according to this McKinsey article.

Singapore is already home to an array of regional companies and MNCs, with 43% of Southeast Asia’s unicorns based here.

To increase its attractiveness as a launchpad for new ventures, the nation state has established robust funding, a network of established companies and specialists with which to partner, and the connectivity and infrastructure needed to create and launch strong corporate ventures.

One key initiative is the S$10 million Corporate Venture Launchpad (CV Launchpad) by the Economic Development Board (EDB), which supports qualifying large and established Singapore-based companies new to corporate venturing in building ventures quickly and effectively. Through investments and support, CV Launchpad also aims to help leaders hone their skills and mitigate risks, increasing their ability to launch businesses that can scale and flourish.