Building a thriving tech ecosystem in Singapore

Despite the economic headwinds induced by the pandemic, technology companies like Carro have achieved remarkable growth.
Despite the economic headwinds induced by the pandemic, technology companies like Carro have achieved remarkable growth.PHOTO: CARRO

SINGAPORE - The start-up scene here has much to show for in 2021, producing an impressive string of built-in-Singapore unicorns, which are private companies now valued at more than US$1 billion (S$1.4 billion).

Despite the economic headwinds induced by the pandemic, technology companies like PatSnap, Carro, Nium and others have achieved remarkable growth, carving out dominant positions regionally and even globally - in areas such as e-commerce, intellectual property, fintech, the biosciences and property tech.

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