Photo from Miguel Sousa on Unsplash

Singapore ranks 7th globally for innovation and talent

Testamtent to this is the over $8b capital Singapore VCs injected to generative AI.

Singapore emerged as the seventh top-performing city in the world for innovation and talent, JLL reported.

Sustained investments in infrastructure, education, and healthcare are boosting Singapore’s innovation presence.

The report also found that Singapore’s venture capital grew by 10% to $43.17b (US$32b) over the past three years, whilst its net migration rate is above regional and global averages at 2.4%.

A testament to Singapore's innovation is capital injected into new technologies such as generative AI and challenger banks.

Over the past three years, Singapore has recorded $8.09b (US$6b) for AI-specific VC funding.

(US$1 = S$1.35)


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