Singapore tech SMEs and startups head to South-east Asia

MORE technology-related small and medium-sized enterprises (SMEs) and startups from Singapore are entering South-east Asian markets, particularly Indonesia, Vietnam, Thailand and the Philippines, according to Enterprise Singapore (EnterpriseSG).

Over the years, the government agency has seen growing interest from Singapore companies in venturing out to the region, with many looking for partners to co-innovate, as well as seeking investors or clients that require their tech solutions, said Jonathan Lim, director for Global Innovation Network at EnterpriseSG.

In 2021, more than one-third of EnterpriseSG’s market access schemes under the Global Innovation Alliance (GIA), known as GIA Acceleration Programmes, were conducted in its 4 South-east Asia nodes: Jakarta, Bangkok, Ho Chi Minh City and Manila.