The Singapore Startup Accelerator (SA) Market helps support innovative entrepreneurs and startups across various industries. SAs provide funding, mentorship, networking and other resources to help new companies scale rapidly. Supported startups work on emerging technologies like AI, fintech, blockchain and more.
Singapore Startup Accelerator (SA) Market is estimated to be valued at US$ 5.11 Mn in 2024 and is expected to exhibit a CAGR of 17% over the forecast period 2024-2031.
Key Takeaways
Key players operating in the Singapore Startup Accelerator Market are 500 Startups, JFDI.Asia, Entrepreneur First (EF), Antler, Golden Gate Ventures and others. These accelerators nurture tech startups through funding of up to $500,000 and connecting them to mentors. The growing startup ecosystem in Singapore coupled with increasing government support has boosted demand for accelerator programs. Singapore SAs help startups expand globally by providing access to pan-Asian networks of investors, partners and customers.
Market Key Trends
Deep-tech startups focusing on hardware, biotech and other sciences are gaining significant traction among Singapore accelerators. Accelerators are expanding their sector-specific programs in growing areas like agrifood-tech, urban-tech and sustainability-related technologies. They are also launching new pre-seed programs to identify earlier stage startups and nurture them through the crucial initial product-market fit phase.
Porter’s Analysis
Threat of new entrants: Low barrier to entry in Singapore’s SA market but existing accelerators enjoy brand loyalty and established networks.
Bargaining power of buyers: Startups have high bargaining power to negotiate funding terms as SAs compete for projects.
Bargaining power of suppliers: SAs face moderate level of competition to attract high-potential startups and quality mentors.
Threat of new substitutes: Potential for crowd-funding and angel investors to substitute traditional accelerator programs.
Competitive rivalry: Intense competition among established SAs to stay relevant through specialized programs and niche expertise.
Geographical Regions Of Value Concentration:
Around 70% of the total Singapore SA market value is concentrated in the Central Region comprising Singapore’s Downtown Core and Central Business District. Proximity to VC funds, incubators and entrepreneurial ecosystems have made this area the hub for startups and accelerators.
Fastest Growing Geographical Region:
The Western Region encompassing Jurong Innovation District and other upcoming tech hubs in the west of Singapore is expected to witness the highest CAGR of over 20% during the forecast period. Significant government investment to develop smart manufacturing and biomedical capabilities is attracting startups and SAs to set up new facilities in this region.
What Are The Key Data Covered In This Singapore Startup Accelerator (SA) Market Report?
:- Market CAGR throughout the predicted period
:- Comprehensive information on the aspects that will drive the Singapore Startup Accelerator (SA)’s growth between 2024 and 2031.
:- Accurate calculation of the size of the Singapore Startup Accelerator (SA) and its contribution to the market, with emphasis on the parent market
:- Realistic forecasts of future trends and changes in consumer behaviour
:- Singapore Startup Accelerator (SA) Industry Growth in North America, APAC, Europe, South America, the Middle East, and Africa
:- A complete examination of the market’s competitive landscape, as well as extensive information on vendors
:- Detailed examination of the factors that will impede the expansion of Singapore Startup Accelerator (SA) vendors
FAQ’s
Q.1 What are the main factors influencing the Singapore Startup Accelerator (SA)?
Q.2 Which companies are the major sources in this industry?
Q.3 What are the market’s opportunities, risks, and general structure?
Q.4 Which of the top Singapore Startup Accelerator (SA) companies compare in terms of sales, revenue, and prices?
Q.5 Which businesses serve as the Singapore Startup Accelerator (SA)’s distributors, traders, and dealers?
Q.6 How are market types and applications and deals, revenue, and value explored?
Q.7 What does a business area’s assessment of agreements, income, and value implicate?
*Note:
1. Source: Coherent Market Insights, Public sources, Desk research
2. We have leveraged AI tools to mine information and compile it