Singapore: A Capital Efficient Hub for IT Start-ups

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12 Νοε 2013 (πριν από 3 χρόνια και 9 μήνες)

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CONFIDENTIAL

©
2010 IDA Singapore. All Rights Reserved.

‹#›

Singapore
:
A Capital Efficient
Hub for
IT Start
-
ups

CONFIDENTIAL

©
2010 IDA Singapore. All Rights Reserved.

‹#›

Infocomm Development Authority

>
Chief Information Officer for Public Services


Architect e
-
government development plans


Oversee annual ICT spend of >US$700M (FY08)



>
Agency overseeing telecoms


Approve standards for telecom products and services


Telecom industry regulator



>
Industry developer


Promote development of ICT industry


Promote ICT adoption and usage

www.ida.gov.sg

ICT


information & communication technology

CONFIDENTIAL

©
2010 IDA Singapore. All Rights Reserved.

‹#›

Infocomm Investments Pte Ltd

>
Investment arm of IDA, formed in 2000


ICT focus


Manages over US$200M


1998

2005: 40 direct investments; 30 in Singapore (4
IPOs)


8 new investments committed since 2008


>
Invest in Singapore
-
based growth stage companies


Average US$5M per company (up to US$15M) over
multiple rounds


Co
-
invest with VCs


>
Facilitate setup of foreign VC
-
backed companies in
Singapore


CONFIDENTIAL

©
2010 IDA Singapore. All Rights Reserved.

‹#›

Singapore: World’s Easiest Place to Do Business

>
7,000 multi
-
national companies


60% regional headquarters


>
3,000 Indian enterprises


19 of top 20 Indian IT exporters
have operations in Singapore


>
2,300 Chinese enterprises


Host to top IT players such as
Huawei, TCL, Lenovo, ZTE

Economy

2009 Rank

2008 Rank

Singapore

1

1

New Zealand

2

2

United States

3

3

Hong Kong

4

4

Denmark

5

5

Ireland

7

8

Canada

8

7

Australia

9

9

Norway

10

11

Source: Doing Business 2009 Report, World Bank

CONFIDENTIAL

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2010 IDA Singapore. All Rights Reserved.

‹#›

Source: IMD World Competitiveness Yearbook 2009

Singapore: World’s Easiest Place to Do Business

CONFIDENTIAL

©
2010 IDA Singapore. All Rights Reserved.

‹#›

Singapore: 3
rd

most competitive economy globally
according to WEF

Determinants of competitiveness:


Institutions


Infrastructure


Macroeconomic stability


Health and primary education


Higher education and training


Goods market efficiency


Labour

market efficiency


Financial market sophistication


Technological readiness


Market size


Business sophistication


Innovation

Source: The Global Competitiveness Report 2009
-
2010, World Economic Forum

WEF Global Competitiveness Index

CONFIDENTIAL

©
2010 IDA Singapore. All Rights Reserved.

‹#›

Singapore: Biggest destination for US direct
investment in Asia

>
US direct investments = US$106.53B
in 2008


>
Returns on US investments in
Singapore remain among the highest
worldwide


>
US posted US$19B in income from
investment in Singapore in 2008,
representing 18% returns

Source: The Business Times, 7 Sep 2009 & US Dept of Commerce

CONFIDENTIAL

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2010 IDA Singapore. All Rights Reserved.

‹#›


Market
Access


Capital Efficiency


Talent at Good Rates


Intellectual Property
Protection

Singapore: Strategic Hub for Your Success

CONFIDENTIAL

©
2010 IDA Singapore. All Rights Reserved.

‹#›

The Singapore Advantage: Market Access






28 Tbps to more than 100
countries



Most extensive network of
free trade agreements (FTAs)
in Asia



Flights to 182 cities in 57
countries



200 shipping lines with links
to some 600 ports in 123
countries

India

US

China

Chile
-
NZ
-
Brunei

Korea

Panama

Qatar

Jordan

ASEAN

Australia

NZ

Japan

Peru

Kuwait

CONFIDENTIAL

©
2010 IDA Singapore. All Rights Reserved.

‹#›

Australia

Jul 2003

US

Jan 2004

Jordan

Aug 2005

India

Aug 2005

ASEAN

Jan 1993

New Zealand

Jan 2001

Japan

Nov 2002

* EFTA
-

Switzerland,
Liechtenstein, Norway,
Iceland, Jan 2003

* EFTA: Europe Free Trade Association

S. Korea

Mar 2006

** TPSEP
-

Brunei, Chile, New Zealand
May 2006

Panama

Jul 2006


ASEAN
-
China,

(Trade in Goods) Jul 2005

(Trade in Services) Jul 2007

ASEAN
-
Korea,


(Trade
-
in
-
Goods) Jun 2007

** TPSEP: Trans
-
Pacific Strategic Economic Partnership Agreement

China

Jan 2009

ASEAN
-
Japan (Trade
-
in
-
Goods)

Jan 2009

Singapore’s 15 FTAs (in force)

CONFIDENTIAL

©
2010 IDA Singapore. All Rights Reserved.

‹#›

Market Access

>
Capital gain tax exemption

>
Tariff reduced/eliminated

>
National treatment for investors

>
“Guaranteed Access” for service suppliers

>
Easy temporary entry for business people

India
-
Singapore CECA

CONFIDENTIAL

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2010 IDA Singapore. All Rights Reserved.

‹#›

>
First Asian country to
sign FTA with China


>
85% of Singapore
exports to China in
2009 (95% in 2010)


>
Ease of staff
deployment into China
market

Market Access

China
-
Singapore FTA

CONFIDENTIAL

©
2010 IDA Singapore. All Rights Reserved.

‹#›

Capital Efficiency: Better ROI due to Competitive
Corporate Tax Regime

>
Corporate tax of 17%

>
No capital gains tax

>
Tax exemptions for Foreign
Sourced Income

>
R&D tax incentives


150% tax deduction for R&D
work done in Singapore


R&D in new areas is tax
deductible against existing
income


Conversion of 9% tax losses
due to R&D to Cash Grant


Source: Budget Commentary, PWC Singapore, 22 Jan 2009

CONFIDENTIAL

©
2010 IDA Singapore. All Rights Reserved.

‹#›

Friendly Tax Regime for Individuals

>
Maximum personal income
tax rate of 20%


>
No capital gains tax


>
No inheritance tax

Source: Budget Commentary, PWC Singapore, 22 Jan 2009

CONFIDENTIAL

©
2010 IDA Singapore. All Rights Reserved.

‹#›

>
140,800 IT professionals in 2009


#1 in ease of hiring (2009 World Bank Doing Business Rankings)


>
27,000 full
-
time equivalent researchers


>
86,000 international students from 120 countries studying in
Singapore leading universities / research labs in Singapore e.g.


Singapore
-
MIT Game Lab


Singapore
-
MIT Alliance for Research and Technology (SMART) Centre


UIUC Advanced Digital Sciences Centre


University of Chicago Graduate School of Business


INSEAD

Talent at Good Rates : Diversified Talent Pool

CONFIDENTIAL

©
2010 IDA Singapore. All Rights Reserved.

‹#›

Source: IMD World Competitiveness Yearbook 2009

Talent at Good Rates : Diversified Talent Pool

CONFIDENTIAL

©
2010 IDA Singapore. All Rights Reserved.

‹#›

Intellectual Property Protection: Strong IP Regime

>
Signatory of major IP
conventions and treaties
e.g. Patent Cooperation
Treaty, WIPO Copyright
Treaty


>
Companies can file for IP
protection globally from
Singapore




CONFIDENTIAL

©
2010 IDA Singapore. All Rights Reserved.

‹#›

Infocomm Usage & Accessibility on the Rise

* includes wireless broadband subscriptions

Household Broadband Penetration Rate

50.8%

61.1%

76.9%

99.9%

2005

2006

2007

2008

152.1%

Feb 2010

Mobile Phone Penetration

2005

2006

2007

2008

Feb 2010

97.8%

103.4%

122.5%

131.0%

137.6%

CONFIDENTIAL

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2010 IDA Singapore. All Rights Reserved.

‹#›

Next Generation Nationwide Broadband Network

>
A nationwide ultra
-
high speed, all
-
fibre broadband, access speed of
1Gbps and above

>
Opens new doors to economic opportunities, business growth and
social vibrancy

>
Covers all physical addresses including homes, schools, government
buildings, businesses, hospitals, outdoor locations…

>
60% of homes and offices to be connected by 2010, 95% by 2012

>
Platform for R&D prior to commercial launch

CONFIDENTIAL

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2010 IDA Singapore. All Rights Reserved.

‹#›

Singapore’s Mobile Industry


Mobile Industry Revenue in 2008:
US$3,032M


Growth of 18.9% from 2007 (US$2,551M)


Telco mobile revenue, mobile internet data, etc (ST, SH, M1)


Mobile messaging


Mobile entertainment


Mobile enterprise applications (e.g., email)


Mobile video services


Mobile TV


Mobile VAS (e.g., SMS, MMS)

Source: IDC February 2009

CONFIDENTIAL

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2010 IDA Singapore. All Rights Reserved.

‹#›

Singapore’s Mobile Statistics


3G mobile phone penetration: 51.1%


Web and media
-
enabled mobile phones: 33% compared with global average
of 13%


Number of 3G subscriptions: 2,473,600 at end Q408 (6% growth over
previous quarter)


Growth of HSPA subscribers grew by 20% in Q408 to 278,064


Growth of average monthly mobile data transfer over 2G and 3.xG for 4Q08
was 103.8% (985,223,401 MB)

Source: IDC February 2009

CONFIDENTIAL

©
2010 IDA Singapore. All Rights Reserved.

‹#›

CONFIDENTIAL

©
2010 IDA Singapore. All Rights Reserved.

‹#›

Examples of VC
-
backed Companies with
Engineering Centres in Singapore

Product / Service

Investors

Enterprise cloud
computing

3i, Cargill, O'Reilly AlphaTech Ventures, SAP
Ventures, Partech, Woodside

Mobile social networking

Accel Partners, DCM, Redpoint Ventures,

Technology Venture Partners

Mobile development
platform

Open Ocean Capital (MySQL founders), Sting
Capital

Online market research
solutions

BV Capital, Leapfrog Ventures

Mobile advertising
solutions

BRM Capital, Opus Capital

NFC payment solutions

DFJ, Nokia Growth Partners, Alloy Ventures

Investment wiki

DCM

CONFIDENTIAL

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2010 IDA Singapore. All Rights Reserved.

‹#›

http://venturebeat.com/2010/02/15/special
-
report
-
starting
-
up
-
in
-
singapore/


SINGAPORE: AN INTELLIGENT NATION, A GLOBAL CITY POWERED BY INFOCOMM


www.ida.gov.sg

www.infocommsingapore.sg


CONFIDENTIAL

©
2010 IDA Singapore. All Rights Reserved.

‹#›