Why Singapore Remains Asia's Technology Hub

Singapore's top 5 advantages as the best tech hub

1. Market transparency and access to Asia

Having been ranked number one in global security and order, Singapore is regarded as Asia's most transparent and secure nation.

Due to the current political and economic uncertainties, Singapore stands out as the first country in mind to gain access to the Asia market. This is because of its political stability and governmental transparency.

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2. Government funding and support

Through the Research Innovation and Enterprise (RIE) plan, the Singapore government has committed to keeping research and development (R&D) spending at 1% of GDP and investing S$19 billion (almost US$14 billion) into scientific and technological research. Singapore's development was guided by the smart nation vision. A world-class infrastructure and facilities were put in place to support the growth of fast-developing technology companies.

In order to become a world-class Asian-centric institute dedicated to research and innovation in rehabilitation, RRIS envisions becoming an institute that focuses on interdisciplinary research and innovation in science and technology for rehabilitation and assistance of human physical ability and psychosocial well-being.

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3. IP protection and rehabilitation technology ecosystem

The Singaporean AI ecosystem is one of the most advanced in Asia when it comes to big data and artificial intelligence. It hosts high-impact projects like Facebook's S$1.4 billion data center and Alibaba's first joint research institute outside China. In the recent battle against COVID-19 pandemic, Singapore used AI and robotics technology in various sectors.

Various stakeholders in the rehabilitation technology industry are part of Singapore's well-established rehab technology ecosystem.

Singapore is home to many international rehab technology companies such as Ekso Bionics, Hocoma, Paramount, Fourier Intelligence, and BTL Corporate. Several Singapore-based start-ups have also made a mark in the rehab technology scene in Singapore, setting up rehabilitation research labs and clinical trial centers there.

A company's success or failure is determined by the level of innovation and intellectual property it has and how it protects that innovation.

As Singapore's largest IP office, IPOS represents the interests of innovators and investors by protecting their rights and investments in technology.

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4. An international talent pool

It's talent talent talent. There is no technology company in the world that could succeed without the right people. This is why talent pools are among the key attractions of all technology hubs.

Singapore is the only Asian country listed in the top 10 of the IMD World Talent Ranking 2019 for its ability to develop and retain top talent.

You will be surprised at the number of foreign talent and expatriates working in Singapore if you stroll along the glittering Marina Bay, home to many tech titans including Facebook, Grab, JP Morgan, Amazon, etc.

The nation's open-door policy and accelerating economy have also contributed to Singapore's ability to attract and retain international talent.

Singapore's education system places a high emphasis on science, technology, engineering, and mathematics (STEM) education. Under the Program for International Student Assessment, Singapore produced a high percentage of science graduates. For local graduates, this provides an excellent opportunity to pursue higher education abroad and conduct research abroad.

Most medical and rehab professionals in Singapore earned credentials from renowned universities in the US, UK, and Australia before returning home.

A fierce competition among Singapore's higher education institutions has led universities such as Nanyang Technological University, the Singapore Institute of Technology, and the National University of Singapore to award enormous research grants to develop top graduate students, postdoctoral fellows, and researchers in the fields of rehabilitation engineering, biomedical engineering, clinical research, rehabilitation science, and clinical rehabilitation.

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5. Cultural diversity abounds

Singapore's vibrant culture, spark, and excitement are a result of a diverse cultural heritage.

A whirlwind of ethnic and religious festivals and events can be enjoyed in Singapore at any time of the year.

In this digital age, cultural vividness not only allows Singapore to attract global talent, but also makes it possible for Singapore to be ahead of any other country.

While Singapore has an Asian identity with the majority of its population following Chinese ethics, it has been influenced by western influences since it was a British colony until 1942.

As a result, Singapore has the right balance of East and West cultural elements.

In a similar fashion to Malaysia, Singapore's cultural diversity is reflected by the many languages spoken throughout the country, including English, Mandarin, Malay, and Tamil.

These are the four languages spoken in the top four countries with the highest populations in the world: China, India, the United States, and Indonesia.

Due to its rich cultural diversity, Singapore has a natural advantage to navigate the complexity of the world economy and technology scene.

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