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Aya Lin · · 1 min readIn brief: More than 150 VC funds, 4,000 tech startups call Singapore home
- Singapore’s effort to create an ecosystem to support startups is gaining ground, with the city-state now home to more than 150 venture capital funds, Bloomberg reports.
- L’Oreal, Microsoft, and Oracle are among more than 100 entities running incubator and accelerator programs, according to Enterprise Singapore, the government agency spearheading enterprise development.
- There were about 2,800 tech startups in Singapore in 2003. That number grew to 4,000 by 2017, with 22,000 employees, the agency said.
Editing by Eileen C. Ang
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