Singapore has cemented its position as Southeast Asia's leading tech hub. Whether you're a founder, investor, or enterprise looking to expand, understanding this ecosystem is crucial.
Why Singapore?
Singapore offers unique advantages for tech companies:
- Strategic Location: Gateway to 650+ million ASEAN consumers
- Business-Friendly: Ranked #2 globally for ease of doing business
- Strong IP Protection: World-class legal framework
- Government Support: Extensive grants and tax incentives
- Talent Pool: Access to regional and global talent
Key Government Initiatives
Startup SG
The government's flagship startup support program includes:
- Startup SG Founder: S$50,000 grant for first-time entrepreneurs
- Startup SG Tech: Up to S$500,000 for deep tech startups
- Startup SG Equity: Co-investment with angel investors and VCs
Enterprise Development Grant (EDG)
- Up to 50% funding for digital transformation projects
- Covers consultancy, software, and implementation costs
- Available to Singapore-registered SMEs
Productivity Solutions Grant (PSG)
- Up to 50% support for pre-approved IT solutions
- Quick application process
- Ideal for SME digitalization
Funding Landscape
Singapore attracted US$11.2 billion in tech investments in 2024:
Key Investors
- Sovereign Wealth: Temasek, GIC
- VCs: Sequoia Southeast Asia, Vertex, Jungle Ventures
- Corporate VCs: Singtel Innov8, SGInnovate
- Angels: Active angel networks like AngelCentral
Funding Stages
| Stage | Typical Range | Key Players |
|---|---|---|
| Pre-seed | S$100K-500K | Angels, Accelerators |
| Seed | S$500K-2M | Seed VCs, Angels |
| Series A | S$5M-15M | VCs |
| Series B+ | S$20M+ | Growth VCs, PE |
Hot Sectors in 2025
- FinTech: Digital banking, payments, WealthTech
- HealthTech: Telemedicine, health data, biotech
- CleanTech: Sustainability, carbon tracking
- AI/ML: Enterprise AI, automation
- Web3: DeFi, digital assets (regulated)
Talent & Hiring
Salary Benchmarks (Annual, SGD)
- Junior Developer: S$48,000 - S$72,000
- Senior Developer: S$96,000 - S$144,000
- Tech Lead: S$144,000 - S$192,000
- CTO: S$200,000 - S$350,000+
Hiring Options
- Local Hire: Competitive but limited pool
- Employment Pass: For foreign professionals (S$5,000+ salary)
- Tech.Pass: For established tech talent
- Offshore Teams: Vietnam, Philippines, India
Singapore vs Regional Alternatives
| Factor | Singapore | Vietnam | Indonesia |
|---|---|---|---|
| Dev Costs | High | Low | Low-Medium |
| Market Size | Small | Large | Largest |
| IP Protection | Excellent | Good | Moderate |
| Talent Pool | Limited | Growing | Growing |
Our Singapore-Vietnam Advantage
Power Digital operates from both Singapore and Vietnam, giving you:
- Singapore presence for business development and client relationships
- Vietnam development team for cost-effective, high-quality engineering
- Best of both worlds: credibility + competitive pricing
Want to discuss building your tech presence in Singapore? Let's talk.