Session 5: Global Frameworks for Startup Ecosystem Development

Session 5: Global Frameworks for Startup Ecosystem Development

Anndy Lian, a seasoned entrepreneur, recently delivered an insightful speech at the “Policy Ecosystem Development for Startups” event in Mongolia. Hosted by the Mongolian Ministry of Economy and Development, the Asian Productivity Organization (APO), and the Mongolian Productivity Organization, this gathering attracted representatives from over 10 countries. Lian’s session, titled “Global Frameworks for Startup Ecosystem Development,” explored critical topics such as establishing global benchmarks for startup-friendly policies, the role of international organizations, adapting best practices to local contexts, case studies of successful frameworks, and tools for cross-border collaboration.

The Case for Global Standards in Startup Ecosystems

Lian opened his session by underscoring the need for global standards in startup ecosystems—not as rigid mandates, but as a consistent mindset and approach to foster innovation. He supported this with compelling statistics: startups contribute 10-20% to the GDP of leading nations, and countries with clear startup policies see 15% higher venture capital (VC) funding. In Germany, for instance, startup policies boosted the ecosystem by 12% in 2024 alone. However, he cautioned that without such standards, startups face significant hurdles—60% cite inconsistent tax policies as a barrier to scaling, while weak intellectual property (IP) protection deters investors.

“Global standards ensure competitiveness, especially when attracting foreign direct investment (FDI),” Lian noted, highlighting how fragmented ecosystems lead to missed opportunities. His point was clear: a predictable, scalable environment is essential for startups to thrive, a theme that resonated throughout his speech.

Defining Startup-Friendly Policies

What makes a policy startup-friendly? Lian outlined five key areas: tax incentives, IP protection, funding access, regulatory ease, and talent mobility. He provided real-world examples to illustrate their impact:
Tax Incentives: Ireland’s 12.5% corporate tax rate has made it a magnet for startups.

  1. IP Protection: The EU’s patent system boosts investor confidence by safeguarding innovations.
  2. Funding Access: Singapore’s government grants and VC tax breaks create a fertile ground for entrepreneurship.
  3. Regulatory Ease: New Zealand’s one-day business registration process exemplifies simplicity.
  4. Talent Mobility: France’s tech visa program attracts skilled workers, enhancing innovation.

Lian emphasized that countries with balanced policies rank 20% higher in innovation metrics. Singapore, for example, saw its Ecosystem Value (EV)—a measure of startup economic impact—grow by 18% between 2021 and 2023 due to policy clarity. “Key areas that I really look at would be tax incentives, IP protection, funding, and regulatory ease,” he said, urging policymakers to benchmark these elements for success.

International Organizations as Catalysts

Lian highlighted the pivotal role of international organizations like the OECD and World Bank in shaping startup policies. The OECD, representing 38 countries that account for 39.8% of global GDP in 2024, assesses startup ecosystems and provides tailored recommendations. Its Program for International Student Assessment (PISA) evaluates skills like creative thinking and digital literacy, nurturing future innovators from a young age. Meanwhile, the World Bank’s ease-of-doing-business metrics help countries streamline regulations. In India, World Bank funding modernized agriculture, complementing the Startup India initiative’s efforts to simplify processes and boost funding.

The World Intellectual Property Organization (WIPO) also featured prominently. Lian cited a 2024 collaboration between WIPO, Israel, and Canada, launching an IP management clinic for women-led FemTech startups. This initiative, he noted, reflects how strong IP policies can increase investor confidence by 25%. “Organizations like the OECD and World Bank provide data-driven insights and best practices,” Lian explained, positioning them as vital allies for policy alignment.

Localizing Global Best Practices

While global standards offer a blueprint, Lian stressed the importance of adapting them to local contexts. “You cannot just take wholesale global policies and implement them,” he warned, citing cultural and political misalignments as risks. India’s Startup Seed Fund, for instance, tailored global funding models to its market, achieving a 20% higher startup survival rate. Similarly, Brazil’s policy adaptations doubled its startup density, a success Lian linked to his own investment in a Brazilian cryptocurrency company supported by local stakeholders.

He outlined a practical adaptation process:

  • Assess local needs using global benchmarks.
  • Engage stakeholders for feedback.
  • Pilot policies on a small scale.
  • Monitor outcomes, such as VC growth.

International organizations, he added, can provide technical assistance to minimize experimentation costs, ensuring policies align with local strengths.

Case Studies: EU and Israel

Lian presented two compelling case studies. The EU’s Startup Nation Standard, launched in 2020, harmonized policies across 27 member states, boosting startup funding by 15% within three years. Key focuses included talent retention and regulatory simplicity, though disparities between developed and lagging states underscored the need for localization. In contrast, Israel—dubbed the “Startup Nation”—invests 4.3% of its GDP in R&D, driven by the Israel Innovation Authority’s grants and incubators. In 2024, Israel boasted 863 active investors and a 15.8% rise in tech valuations, despite challenges like geopolitical tensions.

“Government funding sparks ecosystem growth,” Lian observed, drawing lessons from Israel’s R&D emphasis and the EU’s regional coordination. Both ecosystems saw 10-20% growth in 2024, validating their approaches.

Tools for Cross-Border Collaboration

Cross-border collaboration, Lian argued, is essential for a global startup network. He outlined five tools:
Bilateral Agreements: The 1985 US-Israel Free Trade Agreement spurred a 15% rise in cross-border funding through joint R&D.

  • Visa Programs: Adopted by 70% of OECD countries, these enhance talent mobility, though 40% face visa delays—Estonia’s digital platforms offer a solution.
  • Funding Platforms: Israel’s Startup Nation Central connects 7,200 startups to global capital, increasing VC deals by 30%.
  • Policy Sandboxes: South Korea’s fintech sandbox accelerates policy adoption by 20%, reducing risks.
  • Innovation Networks: Platforms like Startup Europe boost cross-border exits by 15% through knowledge sharing.

A standout example was the Israel-Luxembourg collaboration, which evolved from automotive innovation to AI in 2024, forging 10 new partnerships. “Targeted collaboration amplifies ecosystem strengths,” Lian noted.

The Future of Startup Policies

Looking ahead, Lian predicted a shift toward AI-driven policies and sustainability. Estonia’s AI tools, like those powering Starship’s autonomous delivery robots, exemplify this trend. He also highlighted growing interest in clean tech, generative AI, and crypto startups—sectors his firm plans to prioritize in 2025.

“The goal is to be inclusive and innovative,” he said, urging policymakers to embrace data-driven reforms.

Conclusion: Building a Global Startup Future

Anndy Lian’s speech offered a roadmap for nurturing startup ecosystems. Global benchmarks, supported by international organizations, provide a foundation, but success hinges on local adaptation and collaboration. From the EU’s coordinated policies to Israel’s R&D focus, his case studies showcased actionable strategies.

As he concluded, “Let’s build a global future together,” Lian encouraged stakeholders to leverage these insights, fostering sustainable, innovative ecosystems worldwide. His call to action—rooted in data, practicality, and optimism—resonates as a blueprint for the next generation of startup success.

Anndy Lian is an early blockchain adopter and experienced serial entrepreneur who is known for his work in the government sector. He is a best selling book author- “NFT: From Zero to Hero” and “Blockchain Revolution 2030”.

Currently, he is appointed as the Chief Digital Advisor at Mongolia Productivity Organization, championing national digitization. Prior to his current appointments, he was the Chairman of BigONE Exchange, a global top 30 ranked crypto spot exchange and was also the Advisory Board Member for Hyundai DAC, the blockchain arm of South Korea’s largest car manufacturer Hyundai Motor Group. Lian played a pivotal role as the Blockchain Advisor for Asian Productivity Organisation (APO), an intergovernmental organization committed to improving productivity in the Asia-Pacific region.

An avid supporter of incubating start-ups, Anndy has also been a private investor for the past eight years. With a growth investment mindset, Anndy strategically demonstrates this in the companies he chooses to be involved with. He believes that what he is doing through blockchain technology currently will revolutionise and redefine traditional businesses. He also believes that the blockchain industry has to be “redecentralised”.

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Session 2: Singapore’s Model for Startup Ecosystem- Anndy Lian

Session 2: Singapore’s Model for Startup Ecosystem- Anndy Lian

On May 13, 2025, Anndy Lian, a best-selling book author, licensed fund manager, and seasoned venture capitalist, delivered an insightful speech at the “Policy Ecosystem Development for Startups” event in Mongolia. Organized by the Mongolian Ministry of Economy and Development, the Asian Productivity Organization, and the Mongolian Productivity Organization, the event brought together representatives from over ten countries to discuss strategies for fostering startup ecosystems.

In his session titled “Singapore’s Model for Startup Ecosystem,” Lian explored how Singapore has transformed from a colonial trading post into a global innovation hub, emphasizing its strategic policies, robust infrastructure, and international collaborations. This article distills the key points and highlights from Lian’s speech, offering a comprehensive look at Singapore’s startup success story.

Singapore’s Journey to a Global Innovation Hub

Lian began by tracing Singapore’s evolution from a 19th-century colonial trading port to one of the world’s leading startup hubs in the 21st century. This transformation, he noted, was not accidental but the result of deliberate government policies, a strategic location, and a forward-thinking approach to innovation. With a startup ecosystem valued at approximately SGD 1.44 billion, Singapore has leveraged its position in Asia, multilingual workforce, and robust financial sector to attract entrepreneurs and investors alike.

“Singapore’s strength lies in its location in Asia, a multilingual workforce, and a very robust financial sector,” Lian emphasized. The city-state hosts nearly all major global venture capital (VC) funds, either through Asian offices or dedicated subdivisions, making it a magnet for startups in sectors like fintech, healthcare, and deep tech. With over 4,500 tech startups, more than 400 VC firms, and 240 incubators and accelerators, Singapore has created a comprehensive ecosystem that supports startups at every stage of their journey.

Government Initiatives: The Backbone of Success

A cornerstone of Singapore’s startup ecosystem is its proactive government support, exemplified by initiatives like Startup SG and the Smart Nation vision. Lian highlighted how these programs have been instrumental in driving entrepreneurial growth and technological advancement. Startup SG, launched in 2017, provides mentorship, grants, and networking opportunities, fostering an environment where startups can thrive. “The networking opportunity is, in my opinion, the most important part,” Lian said, underscoring how connections facilitated by Startup SG have led to success stories in the VC space.

Since 2015, the Singapore government has invested over SGD 1 billion in startup programs, supporting more than 2,000 startups annually across sectors like fintech, healthcare, and sustainability. Programs like the Startup SG Founder Grant offer up to SGD 50,000 and mentorship to first-time entrepreneurs, while Startup SG Equity co-invests up to SGD 8 million with private VCs in high-growth startups. Lian cited Ninja Van, a logistics provider that scaled rapidly with support from SG Equity funding, as a prime example of how these initiatives translate into real-world success.

The Smart Nation initiative, another key pillar, integrates technology into areas like the Internet of Things (IoT) and artificial intelligence (AI). Lian noted that Singapore’s small size makes it an ideal testbed for innovative solutions, enabling rapid implementation and iteration. “Because we are small, it’s easy for us to implement a lot of different initiatives,” he said, pointing to Singapore’s ambition to lead in smart urban living.

Historical Milestones and Growth Phases

Lian provided a historical perspective to illustrate Singapore’s long-term commitment to innovation. In 1981, the National Computer Board (NCB) laid the groundwork for tech development, followed by companies like Creative Technology, which pioneered MP3 players and speakers. By 2000, the Economic Development Board (EDB) launched a bioscience initiative, attracting SGD 2 billion in startup investments. The National Research Foundation, established in 2006, further bolstered research and development (R&D) efforts, supporting companies like Hyflux, a water refinery innovator.

The period from 2010 to 2015 marked a significant growth phase, with startup funding rising from USD 80 million to USD 1 billion. Lian highlighted Lazada, founded in 2012, which leveraged Singapore’s logistical advantages to become a dominant e-commerce player in Southeast Asia. By 2017, the ecosystem had grown to USD 11 billion, driven by government support and global attention. Companies like Grab, initially a Malaysia-based startup, solidified their unicorn status in Singapore, expanding into markets like Cambodia, Malaysia, and Thailand while diversifying into financial tools and cryptocurrency payments.

Attracting Global Talent and Partnerships

Singapore’s ability to attract global talent and foster international partnerships was another key focus of Lian’s speech. With over 150,000 foreign professionals working in Singapore—29% of whom are in the tech sector—the city-state has become a hub for diverse expertise. Initiatives like the Tech.Pass, launched in 2021, and the EntrePass offer visas to top talent and entrepreneurs, with approval rates for tech roles reaching 90%. “The government views talent as one of the key pillars of economic growth,” Lian noted, highlighting the selective yet supportive nature of these programs.

International collaborations further enhance Singapore’s global competitiveness. Partnerships with institutions like MIT, Tsinghua University, and the Israel Innovation Authority have driven advancements in AI, cybersecurity, and deep tech. The Singapore-Israel Innovation Summit in 2022, for instance, facilitated cross-border exchanges, enabling Singaporean and Israeli companies to learn from each other. Collaborations with the World Bank, DBS, and the United Nations on fintech projects, as well as partnerships with France on autonomous systems, underscore Singapore’s commitment to global integration.

A Supportive Regulatory Environment

Singapore’s pro-business regulatory framework is a critical enabler of its startup ecosystem. Lian emphasized the ease of doing business, with company registration possible within one to two days. The city-state ranks highly for its strong legal framework and business-friendly policies, making it a preferred destination for crypto and fintech companies.

The Monetary Authority of Singapore (MAS) has established a fintech sandbox, which Lian described as “one of the best” he has seen, allowing startups to test innovative solutions with regulatory guidance. Compliance workshops and a trusted reputation further enhance Singapore’s appeal, ensuring accountability while fostering innovation.

Success Stories and Future Outlook

Lian shared inspiring success stories to illustrate Singapore’s impact. Carousell, a marketplace platform, grew from a valuation of a few million to unicorn status with support from Singaporean funds and government initiatives. Similarly, ShopBack’s cashback model and Grab’s expansion into financial services highlight the scalability of Singapore-based startups. Over 40% of Singapore’s unicorn founders have international backgrounds, reflecting the city-state’s ability to attract and nurture global talent.

Looking ahead, Lian identified fintech, healthcare, deep tech, AI, cryptocurrency, and green tech as key growth sectors. Singapore’s consistent VC funding—over USD 12 billion in recent years—and its ranking as the fifth-best startup ecosystem globally position it for continued leadership. “Those who dare to dream big are the architects of a better world,” Lian concluded, inviting entrepreneurs to explore Singapore’s supportive ecosystem. He extended a personal offer to connect with startups, emphasizing Singapore’s willingness to go the extra mile compared to other governments.

Bottom Line

Anndy Lian’s speech at the Mongolia event painted a vivid picture of Singapore’s startup ecosystem, driven by strategic government initiatives, a robust financial sector, and a commitment to global collaboration. From its historical roots to its current status as a top-five global startup hub, Singapore offers a model for fostering innovation through talent attraction, regulatory support, and international partnerships.

With success stories like Carousell, Grab, and Ninja Van, and a forward-looking focus on emerging technologies, Singapore continues to solidify its position as a launchpad for startups aiming to make a global impact. For entrepreneurs worldwide, Lian’s message was clear: Singapore is ready to help you turn bold dreams into reality.

 

 

Anndy Lian is an early blockchain adopter and experienced serial entrepreneur who is known for his work in the government sector. He is a best selling book author- “NFT: From Zero to Hero” and “Blockchain Revolution 2030”.

Currently, he is appointed as the Chief Digital Advisor at Mongolia Productivity Organization, championing national digitization. Prior to his current appointments, he was the Chairman of BigONE Exchange, a global top 30 ranked crypto spot exchange and was also the Advisory Board Member for Hyundai DAC, the blockchain arm of South Korea’s largest car manufacturer Hyundai Motor Group. Lian played a pivotal role as the Blockchain Advisor for Asian Productivity Organisation (APO), an intergovernmental organization committed to improving productivity in the Asia-Pacific region.

An avid supporter of incubating start-ups, Anndy has also been a private investor for the past eight years. With a growth investment mindset, Anndy strategically demonstrates this in the companies he chooses to be involved with. He believes that what he is doing through blockchain technology currently will revolutionise and redefine traditional businesses. He also believes that the blockchain industry has to be “redecentralised”.

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Consensus 2025: What’s Next for WEEX? Presented by Thomas Kay; Fireside chat with Anndy Lian

Consensus 2025: What’s Next for WEEX? Presented by Thomas Kay; Fireside chat with Anndy Lian

The Hong Kong Consensus 2025 spotlight stage provided a platform for leading voices in the blockchain and Web3 space to share their insights and experiences. A key highlight was the presentation by Thomas Kay, Vice President of WEEX Global, followed by a candid fireside chat with Anndy Lian, a best-selling author and blockchain strategist. The event, presented by WEEX, offered a glimpse into the exchange’s rapid growth and a broader discussion on the evolving landscape of Web3.

WEEX Global: A Story of Exponential Growth

Thomas Kay’s presentation detailed WEEX Global’s impressive journey since its establishment in 2018. He shared that WEEX secured a $100 million investment in 2019 from top Singaporean investment firms. Within two years, the platform grew from zero to a staggering $2 billion in daily trading volume. By 2022, WEEX reached 500,000 daily users and signed Jackie Wu, a leading Hong Kong entertainer, as its global brand ambassador.

Kay highlighted that in 2023, WEEX’s user base expanded to over 2 million globally, and they obtained SVG and FSA licenses, enabling operations in over 200 countries and regions. Another $100 million investment was secured from FSN Group, a major South Korean marketing agency. Kay proudly stated, “2024, I think it was one of our best year, full of achievements. I’m very proud to say that we are one of the fastest-growing exchange last year.” The exchange grew from 2 million to 6 million users, reaching a daily trading volume of $5 billion.

A key differentiator for WEEX, according to Kay, is its extensive offering of altcoin pairs. “We have one of the most altcoin pairs, 1,700 plus futures and spot trading pairs,” he stated, providing users with a vast variety of trading options. He emphasized WEEX’s commitment to listing valuable projects, with over 100 different projects listed monthly.

Kay also pointed out WEEX’s focus on liquidity. “When it comes to trading, liquidity is honestly one of the highest priorities for a lot of users,” he said. WEEX boasts over 800 deep liquidity futures and ranks top five among all exchanges in terms of liquidity. Notably, research by CoinMarketCap placed WEEX in the top three for Bitcoin and Ethereum liquidity.

WEEX recently introduced higher leverage options, up to 400x. Kay acknowledged, “I personally would never recommend anyone to go above 50x,” but noted that over 30% of users trade with more than 200x leverage. He explained that this caters to the market trend where users seek higher upside with less capital.

Security remains a top priority for WEEX. Kay mentioned the establishment of a 1,000 BTC protection fund to ensure user fund security. “We have consistently managed to have more than 100% reserve ratio for the last two years,” he added.

The WEEX Token (WXT) and Future Plans

Kay introduced WEEX’s native platform token, WXT, highlighting its remarkable growth of 384% since launch. He described it as “a benchmark for every centralized exchange trying to launch a token right now.” WEEX plans to replicate the success of other exchange tokens by burning WXT quarterly, using 20% of the company’s profits to reduce supply and enhance token value.

WXT offers users up to 70% trading fee discounts and higher profit shares for affiliates. Kay also highlighted the “relaunch” platform, where users can commit WXT to projects and receive airdrops. He announced a current event offering 1 million USDT worth of WXT airdrops to holders.

Looking ahead, WEEX plans to be active in conferences and expand globally, with a new office launching in Dubai. Kay emphasized the focus on providing the best experience for all users, including institutional and high-net-worth individuals. He also stressed the importance of community engagement and global compliance. “In 2025, one of our top priorities across all departments is compliance,” he stated.

Fireside Chat: Community, Exchanges, and Sustainability in Web3

The fireside chat between Thomas Kay and Anndy Lian delved into the challenges and opportunities in the Web3 space. The conversation began with a discussion on community building.

Kay acknowledged the difficulty, stating, “Building community is a lot tougher than a lot of you guys think,” especially compared to 2018. He emphasized the need to provide value beyond incentives: “We want communities that stay with you because of who you are or what you provide for them long term.”

Lian added that users are now more sophisticated, seeking transparency and understanding the relationship between projects and exchanges. “It’s not easy to really build effectively,” he said, highlighting the need for unity and collaboration within the ecosystem. He suggested that established exchanges should support smaller projects in emerging markets.

Lian emphasized the importance of genuine community engagement. “Whenever I see a very good community…it will be easier for us to spot good projects on X,” he said, noting that real community members’ actions and feedback are distinct from bots.

The conversation shifted to the evolving role of exchanges. Lian pointed out that users are looking for exchanges that offer an extra layer of security and accessibility, particularly for on-ramping and off-ramping funds. He also predicted a decline in KOL-driven exchanges, stating, “Exchanges’ role is also to help us see out what are the goods that you should really talk to and work with.”

Lian shared an interesting observation: “Normies are actually asking these questions in specific AMAs or private groups,” referring to questions about exchange listing fees and whether exchanges are genuinely supporting the community or prioritizing revenue. He stressed that “things should be transparent.”

Regarding the future of projects and memes, Lian sees meme coins as a “door opener” for easy entry into the crypto space. However, he emphasized the need for a sustainable roadmap beyond the initial hype. He suggested models like franchise cafes or merchandise, where the community works for their own benefit, ensuring long-term sustainability.

Lian criticized projects with “no plans” and “poor leaders,” emphasizing the need for price action and real partnerships. He highlighted the importance of exchanges partnering with good communities for a win-win situation. He cautioned against prioritizing influencers over genuine community benefit, stating, “If you want to be sustainable, you have a big community, make sure that you can monetize that.”

The fireside chat concluded with a call for candid conversations and mindful actions within the Web3 space. Lian’s closing remark, “I hope everybody can do well in this run,” encapsulated the overall sentiment of the event: a focus on collaboration, transparency, and sustainable growth within the evolving world of blockchain and Web3.

 

Video Source: https://consensus-hongkong2025.coindesk.com/agenda/event/-weex-sponsored-session-92 (Official Video from Consensus 2025)

Anndy Lian is an early blockchain adopter and experienced serial entrepreneur who is known for his work in the government sector. He is a best selling book author- “NFT: From Zero to Hero” and “Blockchain Revolution 2030”.

Currently, he is appointed as the Chief Digital Advisor at Mongolia Productivity Organization, championing national digitization. Prior to his current appointments, he was the Chairman of BigONE Exchange, a global top 30 ranked crypto spot exchange and was also the Advisory Board Member for Hyundai DAC, the blockchain arm of South Korea’s largest car manufacturer Hyundai Motor Group. Lian played a pivotal role as the Blockchain Advisor for Asian Productivity Organisation (APO), an intergovernmental organization committed to improving productivity in the Asia-Pacific region.

An avid supporter of incubating start-ups, Anndy has also been a private investor for the past eight years. With a growth investment mindset, Anndy strategically demonstrates this in the companies he chooses to be involved with. He believes that what he is doing through blockchain technology currently will revolutionise and redefine traditional businesses. He also believes that the blockchain industry has to be “redecentralised”.

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