250 views
Stock photo. Credits to Unsplash.

Singapore is Asia’s capital for cloud-based startups: survey

It is 4th amongst countries with the highest proportion of cloud startups to population globally.

Dubbed the Silicon Valley of Asia, Singapore is ranked first amongst countries in Asia with the highest proportion of cloud startups and fourth in the global rankings, according to Sage Intacct.

ALSO READ: Slow industrial production to drag down manufacturing full-year growth: analyst

The survey revealed that over $200m has been invested in Singapore-based startups since 2017 and that Singapore is the 12th biggest location for cloud businesses in the world. 

According to the survey, the factors that earned Singapore its place amongst global peers are its access to a concentrated workforce of cloud tech entrepreneurs, low corporate tax rates (17%) and one of the fastest internet speeds in the world at 211Mbps.
 

Follow the links for more news on

Join Singapore Business Review community
Since you're here...

...there are many ways you can work with us to advertise your company and connect to your customers. Our team can help you dight and create an advertising campaign, in print and digital, on this website and in print magazine.

We can also organize a real life or digital event for you and find thought leader speakers as well as industry leaders, who could be your potential partners, to join the event. We also run some awards programmes which give you an opportunity to be recognized for your achievements during the year and you can join this as a participant or a sponsor.

Let us help you drive your business forward with a good partnership!

Exclusives

Here’s what an advanced security firm looks like
AETOS offers training courses on security, technology, and facilities management. 
Why long-term investments are key to surviving inflation
BetterTradeOff CEO Laurent Bertrand recommends investing in alternative asset classes.
What hinders manufacturing firms from lowering their carbon footprint
Chevron Singapore Country Chairman Law Tat Win said the right policies and partnerships are needed for a cleaner energy shift.
Manufacturing