Emerging Tech Startups - Singapore Landscape Report
Methodology, Scope and Definitions
METHODOLOGY
List of Startups
To build our list of Singapore-based emerging tech startups, we amalgamated
information from the following sources:
..
•
Venture capital databases, specifically CB Insights and VentureCap Insights
Data contributed by incubators, industry platforms, and tech transfer offices
(List in Acknowledgements)
SGInnovate's deal flow
SCOPE AND DEFINITIONS
"Early Stage"
Startups
INCLUDED
Incorporated between
1 Jan 2018 and 31 Dec 2022
EXCLUDED
Incorporated before
1 Jan 2018
Funding Events
From the list of Singapore-based emerging tech startups, we identified funding
events by looking up:
•
•
Venture capital databases, specifically CB Insights and VentureCap Insights
Press releases published on startups' websites or social media channels
Classification of Startups
The general principles and considerations we applied were:
1. Industry verticals and Sub-verticals
• The startups' most mature technology, product, or application is considered
2. Spinoff Source
• The startup's participation in incubator/accelerator programmes nearest to
incorporation date
"Emerging Tech"
Startups
Geography
Startups developing tangible
products (e.g. devices,
machinery, instrumentation,
food, pharmaceutics) based
on Physical Sciences, Life
Sciences and/or Engineering
Headquartered in
Singapore
Funding Rounds
Seed round and beyond
Artificial intelligence (AI) /
machine learning (ML)
startups with software
products only*
Have offices in but not
headquartered in
Singapore
Incubator-only pre-seed
funding events
•
Attribution on their website and social media
•
Publicly announced tech licensing arrangements
Previous employment of the founders
3. Funding Round Name (e.g. Seed, Seed Extension, Series A) and Size (in US$)
• Press releases and social media
• Venture capital databases, specifically CB Insights and VentureCap Insights
*Note on excluding software-only and AI/ML-only startups
Recognising that software and Al startups have gained significant investor traction, we are focusing
more on emerging tech startups developing hardware products. Emerging tech startups are generally
more capital intensive and have a longer route to commercialisation, but are likely to enjoy more
significant technological advantages once established.
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