This echoes a similar pattern that was observed in the 2021 edition of the report, which initially noted that there were 36 emerging tech start-ups incorporated last year. Based on new information available as more start-ups exit stealth mode, the tally for 2021 has since been updated to 63 this year.
Despite growing economic uncertainty, Singapore is expected to produce a steady pipeline of emerging tech start-ups, according to the Singapore Early-Stage Emerging Tech Startups 2022 landscape report by SGInnovate.
Thirty-five emerging tech start-up incorporations were noted in 2022. However, the final number is expected to be approximately 60, taking into account new emerging tech start-ups that have yet to exit stealth mode.
