Emerging Tech Startups - Singapore Landscape Report
Spinoff Sources: 2018-2022
After a peak in startup incorporation in 2019, we anticipate the number of emerging tech startups
incorporated yearly to stabilise around 60.
Advanced Manufacturing
Total 83
25
Agrifood
Total 70
25
21
21
20
20
15
10
5
25
NUS
2018
20
17
15
15
2019
2020
2021
NTU
ASTAR
EF
SUTD
21
Sustainability
18
2022
SSTL
Others
Total 74
40
35
30
25
20
15
10
10
5
16
19
14
11
°
2018
2019
2020
2021
2022
NUS
NTU
ASTAR
EF
Big Idea Ventures
Others
Health and Biomedical Sciences
36
28
19
Total 105
12
20
10
15
13
6
10
5
10
5
0
0
2018
2019
2020
2021
2022
2018
2019
2020
2021
2022
NUS
NUS
NTU
EF
SMU
Others
■NTU
Sing Health + Duke-NUS
ASTAR
EF
Trendlines
Others
Year
2018
2019
2020
2021
2022
Startups
Incorporated
61
93
80
63
35
Landscape report updates
• The number of 2021 startups has been revised to 63, up from the
previously reported estimate of 36.
•
Similarly, we expect the final number of startups incorporated in
2022 to be higher as well - approximately 60 compared to the
current 35, assuming a similar extent of "missingness".
Specialised venture programmes are contributing more to the
startup pipeline
.
•
•
•
EVX Ventures is collaborating with local and overseas universities
to spin out biomedical startups.
Singapore Space and Technology Ltd has been running a
space-based accelerator to incubate and support Space Tech
startups.
Food-focused Big Idea Ventures runs an accelerator programme to
help food innovation startups in Singapore access the APAC region.
Collectively, these programmes are likely to make up for the exit of
Entrepreneur First (EF), which looked at a diverse range of Deep
Tech verticals.
There is a shift in terms of emerging tech verticals for the startups
that are being spun-out from one of the two oldest universities in
recent years.
• More agrifood and sustainability startups are being spun out from
NUS, especially over the past 2 years. This could be a result of
shifting investor interests.
* Where startups may be attributed to more than 1 spinoff source, they are counted towards the "main" source. Where startups may be classified under multiple verticals, they are counted towards the "main" vertical.
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