About Singapore Technology Industry
Singapore has emerged as a prominent IT hub in the past decade with a remarkable capacity to exceed global expectations in the tech industry. Have a brief overview of Singapore's professional culture, innovative market, and vast technology offerings.
The Singaporean government has demonstrated its strong support for the enhancement of technology in the country. In 2017, the government allocated an impressive S$19 billion to the research and development sector, a sum higher than that invested by many developed nations such as the UK and the US. This budget injection reflects the nation's dedication to extending its support and assistance to firms involved in fintech, AI research, and other technological ventures.
Singapore boasts an unparalleled IT professional culture that thrives in the business environment. In 2018, the Bloomberg Innovation Index ranked Singapore first for its immense contribution to STEM education. This makes Singapore an ideal destination for startups looking to establish themselves or established companies seeking to collaborate with experienced data companies. Companies in Singapore employ local talent to provide exceptional facilities to their clients and customers.
The country's vibrant tech ecosystem is full of amazing companies that are shaping its future, making it a great place to expand your business globally. You will find numerous channels to showcase your products to the world, as well as formal and informal networking opportunities. Singapore's qualitative data centers and resourceful MNCs provide an ideal environment to thrive.
The rise of Artificial Intelligence (AI) has completely transformed the tech market, and Singapore is at the forefront of this transformation. In 2018, Singapore was named the top destination for AI investment by the FDI Intelligence Department, making it an excellent place to explore the potential of AI for your business. As a result, Singapore provides a new horizon for businesses looking to grow and transform.