Entrepreneurship is relatively common in Singapore, with the country taking pride in a sense that the country was built on entrepreneurial ideas that helped it become a financial and commercial hub. Reports cite that 7% of the country's population takes part in entrepreneurial activity and that they are amongst the top countries in the world in terms of investing in businesses. Over 45,000 businesses were registered in Singapore last year alone, which is about 1 per 100 people.
The government in Singapore also actively works with angel investors and start-ups on programs such as the Start-Up Enterprise Development Scheme (SEEDS). This was the first award to promote entrepreneurship in Singapore and has been active for 20 years. In addition to that, many local entrepreneurs have expanded their businesses, not only within Asia, but to markets in the Middle East and Europe. With a younger entrepreneur base than most countries, many students finish university looking to start a business instead of joining the ranks of an existing company.
Many entrepreneurs based in Singapore have joined the Angel Investment Network, where they can connect with angel investors, both locally and internationally. We are part of a worldwide network of sites where angel investors can find entrepreneurs that match their interests.