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      • SPRING COHORT 2023
      • BENEFITS
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      • WHY? 
        • WHY SINGAPORE
        • WHY LUXEMBOURG
        • WHY HOUSE OF DEEPTECH
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      • WHY SINGAPORE?

         

         

         

         

      • REASONS TO CHOOSE SINGAPORE

      • Singapore has the second most open economy in the world.

      • Home to 55,000 startups, Singapore has a dynamic startup scene.

      • Singapore is the perfect entry to the fast-growing ASEAN market.

      • Did you know that Singapore has one of the wealthiest consumer markets in the world?

      • Singapore's B2C e-commerce market is worth $4.9 billion.

        Source: Osome

        Singapore's projected disposable income per capita is approximately 29.9 thousand USD.

        Source: Statista

        Over 78% of Singapore's population is under 54. Singapore's young, tech savvy population will drive consumer spending.

        Source: IndexMundi
      • Did you know that the Singaporean government has allocated S$8.3 billion over the next 3 years to support businesses?

      • The Productivity and Innovation Credit initiative allows companies to enjoy 400% in tax deductions (up to $400K) or 60% in cash pay-outs (up to $100K) for improvements in innovation and productivity.

        Source: Singapore Company Incorporation

        The Capabilities Development Grant allows businesses to receive subsidies for up to 70% of qualifying expenses, including training, equipment, and certification costs.

        Source: Singapore Company Incorporation

        The simple Innovation and Capability Voucher gives $5,000 to small businesses, allowing them to improve business operations.

        Source: Singapore Company Incorporation
      • Did you know that Singapore has the #1 most skilled workforce in Asia?

        Source: Monetary Authority of Singapore
      • Globally, Singapore ranks 9th in most competitive places for talent, based on factors such as development, worker motivation, and employee retention rates.

        Sources: IMD Business School, The Business Times, The Independent Singapore News

        As of 2020, Singapore has a low unemployment rate of 2.8%.

        Source: Singapore Department of Statistics

        Singapore has the greatest proportion (54%) of highly skilled workers in the Asia-Pacific.

        Source: Staffing Industry Analysts
      • Did you know that Singapore has over $2 billion in private-market and public sector funds?

      • In the first half of 2019, Southeast Asia's private equity markets fundraised $800 million.

        Source: Thomson Reuters Practical Law

        Assets under management for Asia Pacific funds grew by 31% annually from 2015 to 2019.

        Source: Boston Consulting Group

        In 2020, the value of private equity and venture capital deals reached $5.15 billion.

        Source: Statista
      • Did you know that Singapore is ranked 2nd in the world for ease of doing business?

        Source: The World Bank
      • In the World Economic Forum's 2016 Global Enabling Trade Report, Singapore ranked #1 in ease of trade due to its open trade policy, simple tariff structure, and strategic location.

        Source: Rikvin

        In 2019, Singapore became the 5th largest recipient of foreign direct investment, attracting over $92 billion in FDI.

        Source: Asia Tech Daily

        In 2020, Singapore's tax system was ranked 7th in the world in PwC's Paying Taxes Report, due to business- friendly tax policies, simple tax filing process, and low tax rates.

        Source: Rikvin
      • Did you know that Singapore is ranked the most innovative nation in Asia?

        Source: The Straits Times
      • The number of tech start-ups in Singapore surged from 2,800 in 2003 to 4,300 in 2016.

        Source: Singapore Department of Statistics

        Singapore ranks 6th in the world for artificial intelligence readiness as of 2020.

        Source: Oxford Insights

        In late 2020, Singapore launched a plan to invest $25 billion in research and innovation for over the next 5 years.

        Source: The Straits Times
      • Did you know that Singapore has the most competitive economy in the world?

        Source: Singapore Economics Development Board
      • Over 37,400 international companies have headquarters in Singapore, which has an extensive network of 23 free trade agreements.

        Source: Asialink Business

        Singapore's strategic location bridges the East and the West, connecting more than 200 trade routes to over 600 ports in 120 countries.

        Source: Asialink Business

        Singapore's economy is expanding rapidly, growing by 3.1% during the first quarter of 2021.

        Source: Trading Economics
      • A HEROIC JOURNEY

        Tap the market opportunity of Singapore's booming fintech and data economy ecosystems and South East Asia's 600M consumers.

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