Singapore Startups Receiving Government Grants Exiting via IPO, Merger or Acquisition

Debated in Parliament on 14 Mar 2016.

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Leon Perera asked the Minister for Trade and Industry (Industry) how many Singapore startups that received government grants successfully exited via IPO, merger, or acquisition from 2010 to 2015.
S Iswaran stated that from 2010 to 2015, SPRING and MDA supported 562 startups through various grants, with nine of those startups exiting successfully through an IPO, merger, or acquisition.
Perera also inquired if the exit rates as a percentage of funded startups are comparable to those in other startup hubs, but agencies lack equivalent data for such international comparisons.
The debate highlighted a low exit rate of nine out of 562 funded startups, indicating a small proportion of successful exits during the period.
The absence of comparative data underscores the challenge in benchmarking Singapore's startup ecosystem against other leading cities.

Questions identified by AI (learn more)

Full Transcript

Leon Perera

Mr Leon Perera asked the Minister for Trade and Industry (Industry) (a) in each year from 2010 to 2015, how many Singapore startups that have received Government grants have managed to successfully exit via IPO, merger or acquisition; (b) whether the exits, as a percentage of funded startups are on par with the ratios seen in other cities that are hotbeds of startup activity.

S Iswaran

From 2010 to 2015, SPRING and MDA supported a total of 562 startups through the Technology Enterprise Commercialisation Scheme (TECS), ACE Startups grant and the IDM Jumpstart and Mentor (iJAM) scheme. Over the same period, a total of nine startups that had previously received one of these grants successfully exited through an IPO, merger or acquisition.

Agencies do not have equivalent data for comparison with other cities.

Summary written by AI (learn more)

Leon Perera asked the Minister for Trade and Industry (Industry) how many Singapore startups that received government grants successfully exited via IPO, merger, or acquisition from 2010 to 2015.
S Iswaran stated that from 2010 to 2015, SPRING and MDA supported 562 startups through various grants, with nine of those startups exiting successfully through an IPO, merger, or acquisition.
Perera also inquired if the exit rates as a percentage of funded startups are comparable to those in other startup hubs, but agencies lack equivalent data for such international comparisons.
The debate highlighted a low exit rate of nine out of 562 funded startups, indicating a small proportion of successful exits during the period.
The absence of comparative data underscores the challenge in benchmarking Singapore's startup ecosystem against other leading cities.

Questions identified by AI (learn more)

Singapore Startups Receiving Government Grants Exiting via IPO, Merger or Acquisition | PAPERCUTS

Singapore Startups Receiving Government Grants Exiting via IPO, Merger or Acquisition

Debated in Parliament on 14 Mar 2016.

Summary written by AI (learn more)

Leon Perera asked the Minister for Trade and Industry (Industry) how many Singapore startups that received government grants successfully exited via IPO, merger, or acquisition from 2010 to 2015.
S Iswaran stated that from 2010 to 2015, SPRING and MDA supported 562 startups through various grants, with nine of those startups exiting successfully through an IPO, merger, or acquisition.
Perera also inquired if the exit rates as a percentage of funded startups are comparable to those in other startup hubs, but agencies lack equivalent data for such international comparisons.
The debate highlighted a low exit rate of nine out of 562 funded startups, indicating a small proportion of successful exits during the period.
The absence of comparative data underscores the challenge in benchmarking Singapore's startup ecosystem against other leading cities.

Questions identified by AI (learn more)

Full Transcript

Leon Perera

S Iswaran

Agencies do not have equivalent data for comparison with other cities.

Summary written by AI (learn more)

Leon Perera asked the Minister for Trade and Industry (Industry) how many Singapore startups that received government grants successfully exited via IPO, merger, or acquisition from 2010 to 2015.
S Iswaran stated that from 2010 to 2015, SPRING and MDA supported 562 startups through various grants, with nine of those startups exiting successfully through an IPO, merger, or acquisition.
Perera also inquired if the exit rates as a percentage of funded startups are comparable to those in other startup hubs, but agencies lack equivalent data for such international comparisons.
The debate highlighted a low exit rate of nine out of 562 funded startups, indicating a small proportion of successful exits during the period.
The absence of comparative data underscores the challenge in benchmarking Singapore's startup ecosystem against other leading cities.

Questions identified by AI (learn more)

Singapore Startups Receiving Government Grants Exiting via IPO, Merger or Acquisition

Summary

Questions Identified

Full Transcript

Leon Perera

S Iswaran

Summary

Questions Identified

Singapore Startups Receiving Government Grants Exiting via IPO, Merger or Acquisition

Summary

Questions Identified

Full Transcript

Leon Perera

S Iswaran

Summary

Questions Identified