The US is regularly ranked the most entrepreneurial economy in the world by the Global Entrepreneurship Index. In 2018, the value of venture capital investment in the US amounted to US$99.5 billion (S$153 billion), with 5,536 venture capital deals completed. The US has a GDP of US$20.5 trillion (S$28.5 trillion) and a population size of 330 million, making it the third largest population in the world after China and India.
Silicon Valley has been continually ranked the top global startup ecosystem since 2012, according to Startup Genome’s Global Startup Ecosystem Report. It is the world’s main unicorn factory, producing more than 89 from early 2019 onwards. The ecosystem is worth US$312 billion (S$433 billion), with more than 15,000 startups as of 2019 – the highest number in the world. Key sectors include fintech, artificial intelligence (AI), big data and analytics. The ecosystem has access to deep resources including top universities such as Stanford and Berkeley, innovative multinational companies (MNCs) and top tier venture capital firms.
The San Francisco Bay Area will serve as an entry point into the North American market for promising Singapore-based tech startups by connecting them to investors, mentors, potential customers and business partners. Likewise, our in-market partners in San Francisco will help promising US-based startups to land and expand in Asia through Singapore.
Founded in Silicon Valley in 2010, 500 Startups is one of the world’s most global venture capital firms and has built a leading startup accelerator. Its mission is to discover and support the world’s most talented entrepreneurs, help them to create successful companies at scale, and build thriving ecosystems.
500 Startups also offers ecosystem development programmes. Examples of these programmes include providing training and mentorship for founders, educating investors and accelerator managers, as well as supporting some of the largest global corporates in their corporate startup innovation initiatives to drive digital transformation.
For more information about 500 Startups and its programmes, please visit www.500.co or email firstname.lastname@example.org.
500 Startups is partnering with Enterprise Singapore to run Global Launch, a Global Innovation Alliance (GIA) Acceleration Programme supported by Enterprise Singapore. The programme will support (i) Singapore-based startups in entering the US; and (ii) US-based startups in scaling up in Asia through Singapore as a springboard.
The 16-week programme is curated for high-potential startups across all sectors and will include rigorous growth training, market immersion, and ongoing mentorship.
The total programme fee is S$5,000 per startup for the first two stages of the programme, and S$15,000 per startup for the third stage of the programme.
Singapore-based startups keen to venture into the US can apply for the San Francisco Launch Programme. Applications for the inaugural cohort of the San Francisco Launch Programme are open from 16 September 2019 to 11 October 2019. The cohort start date is 4 November 2019.
International startups keen to venture into Asia through Singapore can apply for the Singapore Launch Programme. Applications for the inaugural cohort of the Singapore Launch Programme are open from 1 November 2019 to 2 December 2019. The cohort start date is 13 January 2020.
Interested applicants can visit www.global-launch.500.co or contact the key personnel below for more information on the application process:
For Singapore corporates, SMEs and startups, 500 Startups can also provide tailored support for engaging the US startup ecosystem. Please reach out directly to email@example.com to find out more about their tailored service offerings.