A Beginner’s Guide in Incorporating a Tech Start-up in Singapore

Posted by InCorp Global on February 16th, 2022

Singapore has become an irresistible magnet to big tech companies and startups. If interested in starting a tech business in Singapore, read our guide.

Building a good startup in Singapore is no walk in the park. There are many challenges to be faced. For the simple reason that a tech startup is not just another business. A tech startup is all about innovation. But that’s a subject for another time. Right now we have some good news for startup founders. The Singapore Government is willing to support startups and it has prepared funds for them. This means that your startup dream can come true as well. However, to access those funds, you need to make sure you build your startup for success. Below you’ll find five tips for technology startups in Singapore.

Why start another tech company in Singapore?

There are several factors to consider before making that call.

First is to determine if there’s a demand potential in the core technology, which you plan to develop, across markets and product opportunities. Then, identify the competition or other companies offering similar solutions. In the era of mergers and acquisition, considering the likelihood of existing companies licensing the technology is also important.

Also, look for available avenues for raising funds and grow the business. If likely investors are identified, gauge the level of their commitment and involvement.

Finally, experience, expertise, and enterprise nature of the start-up’s executive team is the core determining factor in success of a tech start-up.

This infographic has been originally uploaded at Rikvin.com.