Multinational companies find Singapore attractive because of great government initiatives and access to regional business opportunities.Over 13 years ago, AvePoint, a SaaS solutions provider based in New Jersey, recognized the potential of Southeast Asia and found its entry point in Singapore. Tianyi Jiang, AvePoint's CEO and cofounder, said he was impressed with the possibilities presented by Singapore's dynamic business environment.
Singapore is a small but dense nation — it's almost four times smaller than Rhode Island but has five times the population. Recently, it's become a top destination for global tech firms looking to expand their operations into Asia. In fact, 80 of the world's top 100 technology firms have a presence there.
Singapore has demonstrated its ability to adapt to macroeconomic trends and leverage technological advances effectively. Jiang cited proactive policies that create the right business growth environment for AvePoint."Within ASEAN , Singapore is ranked No. 1 when it comes to digital initiatives, as exemplified by Singapore government's Smart Nation mandates," he said.
Singapore's unwavering commitment to technological advancement has solidified its position as the unrivalled hub for innovation in the region. It boasts 25 unicorns, according to DealStreetAsia, the highest number in Southeast Asia. It has also maintained a substantial lead as the premier destination for venture capital investment in 2022. Singapore accounted for a remarkable 56% of the total deal volume recorded across the six largest economies in the region during that year.