"Singapore has always been a big supporter of startups and enterprises. Between 2012 and 2017, the number of tech startups in the island nation grew from 3,400 in 2012 to 4,000. This boost can be attributed to a conducive business environment, ample government support, and a strong entrepreneurial community.
The government’s commitment towards entrepreneurial support was reconfirmed last November, when the Monetary Authority of Singapore (MAS) announced a US $5 billion private markets programme to fund local fund managers who invest in private enterprises and infrastructure projects. Now, the same body has announced an initiative that will boost Singapore’s status as a hub for equity listings."