News

Economy

Staff Reporter

, Singapore

Published:

2 years ago

401 views

Photo by Albert Vincent Wu from Unsplash

Singapore bags 'Best Startup Business Environment in Asia' title

Globally, Singapore ranked 4th.

Singapore has the best startup business environment in Asia, according to StartupBlink’s Top 100 Countries Startup-Business Friendliness Index.

Globally, Singapore ranks fourth behind the United States, Australia, and the United Kingdom.

Singapore ascended 43 spots this year.

The metrics for the total scoring include quality, quantity, and business environment.

The quantity category measures the activity level of an ecosystem by counting the number of startups in the region.

The quality score focuses on the success of the top startups in the ecosystem.

The business environment focuses on factors that affect the entire country, such as national policies and legislation.

The index also considers parameters such as internet speed, cost and freedom, R&D investment, passport strength, payment portals, and top universities per location.

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