MR No.: 048/22

Singapore’s innovation and startup ecosystem has continued to experience strong growth over the past five years, remaining vibrant and resilient amid the pandemic. As a signal of confidence in the startup investment scene, funding activities have increased exponentially to reach S$14.7 billion in 2021, growing by more than 45% per annum between 2017 and 2021. Venture funding within the first half of 2022 alone has reached S$8.18 billion, up 54% compared to the same period last year.

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