He said his company plans to go into mass production next year as many hospitals have initially welcomed the wearable sensor product and a patient education application. Singapore is not only promoting homegrown startups but also welcomes startups from other countries, especially from Germany, as the two countries are collaborating to access each other’s market. Enterprise Singapore, the Singapore Economic Development Board and German Accelerator Southeast Asia recently signed a memorandum of understanding to support more than 40 Singapore-based startups to enter Germany and access the wider European market. According to officials at Enterprise Singapore, the government agency championing enterprise development, the number of tech startups increased rapidly from 3,400 in 2012 to 4,300 in 2016. Singapore has nurtured four unicorns: Lazada (ecommerce); Grab (ride-hailing platform); Razer (gaming hardware), and Sea (gaming), according to Singapore Enterprise.

Source: The Nation Bangkok October 30, 2018 18:00 UTC