Does Government Involvement Truly Enhance Tech Ecosystems?

The public sector plays a pivotal role in fostering improved tech startup environments. A prime example showcasing robust government engagement in the industry is Singapore, which ranks 6th globally and 1st in the Asia-Pacific region. The comprehensive initiatives span from pre-seed to exit stages, bolstered by strong policies on IP protection and streamlined business procedures

Singapore serves as a model for cultivating favorable startup environments, acknowledging that a one-size-fits-all approach doesn't apply is important. The government's significance lies in its ability to tackle challenges specific to each country's culture and circumstances.

We also zoom in briefly on Vietnam to see a snapshot of how their government’s participation is helping build their ecosystem.

Within the ASEAN region, the steady expansion of the digital economy serves as a clear indication for governments to elevate their efforts and acknowledge their pivotal role within the ecosystem.

Credits

Carlo Chen-Delantar Team Lead

Annika Herico Researcher

Agnes Boncodin Creatives