How can South-east Asia produce more unicorns?
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Singapore
FUELLED by talented and experienced entrepreneurs, South-east Asia is fast becoming a leading innovation destination. While the US fell out of the top 10 in the 2018 Bloomberg Innovation Index, Singapore moved up to third spot driven by its large investment in R&D funding and STEM education. Other South-east Asian countries on the list include Malaysia (#26) and Thailand (#45).
Private equity and venture capital investments into South-east Asia hit a record US$23.5 billion in 2017, which more than doubled from 2016 according to a report by Singapore Venture Capital & Private Equity Association (SVCA).
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