Interview with Anndy Lian- Discovering Singapore By Chance

Interview with Anndy Lian- Discovering Singapore By Chance

Tell us about yourself.
I’m Anndy Lian—a Singapore-born investor, author, and advisor at the intersection of technology, finance, and innovation. Over the years, I’ve worked closely with startups, governments, and global organizations on digital transformation, blockchain, and the future of Web3. I’ve served as Chairman of BigONE Exchange and advised on fintech strategies across Asia and beyond.

But beyond titles, I’m someone deeply curious about how technology reshapes lives. I believe complex ideas should be accessible to everyone—not locked behind jargon. That belief led me to write books that simplify the future: from Blockchain Revolution 2030 and NFT: From Zero to Hero, to my latest work, Discovering Singapore By Chance, co-authored with Jenny Zheng.

I’m also a public speaker, media contributor, and educator, passionate about empowering creators, entrepreneurs, and everyday people to understand and shape the digital world. Whether through writing, speaking, or advising, my mission is clear: to bridge the gap between innovation and understanding.

At heart, I’m a storyteller—using words, ideas, and action to make sense of change, one book, one conversation, one breakthrough at a time.

What inspired you to start writing, and how did you get started in the world of storytelling?
I started writing because I was frustrated—frustrated that powerful technologies like blockchain and NFTs were being discussed in ways that only experts seemed to understand. I saw people shutting down, switching off, because the language was too technical, too cold. I knew these innovations could change lives, but only if people could get them.

That sparked my journey into storytelling. I realized I didn’t need to be a journalist or a novelist to make a difference. I just needed to explain things clearly, honestly, and with heart.

It began with short articles and social media posts—breaking down blockchain concepts in simple terms. I wrote for the person who had no background in tech but wanted to learn. My goal wasn’t to impress, but to empower.

The response was immediate. People reached out saying, “Now I finally understand.” That feedback fueled me. I started speaking at events, and eventually, I co-authored my first book, Blockchain Revolution 2030, to reach even more readers.

From there, writing became a natural extension of my work and mission. With NFT: From Zero to Hero, I wanted to guide creators into the digital economy. And with Discovering Singapore By Chance, I used storytelling to explore identity, belonging, and the soul of a nation.

So what inspired me? A simple belief: knowledge should be shared, not hoarded. I got started not with a grand plan, but with a keyboard, a message, and a desire to make the complex feel human. And I haven’t stopped since.

What’s the most fun part of writing—plotting a twist, creating a quirky character, or something else entirely?
For Discovering Singapore By Chance, the most fun part of writing was capturing the small, human moments that reveal the soul of a place.

Since the book is a blend of personal discovery and cultural insight, the joy came not from plotting twists or inventing characters—but from reliving and sharing the quiet, unexpected moments that make Singapore feel alive: the hawker stall banter, the MRT conversations in three languages, the way tradition and innovation coexist on the same street.

It was especially rewarding to write from two perspectives—Jenny’s fresh, outsider curiosity and my own insider reflections—and see how they shaped each other. The “aha” moments weren’t in dramatic turns, but in realizations: how a simple act like queuing for food can reflect national values, or how urban planning quietly shapes daily life.

The most fun, honestly, was turning observations into stories that resonate—where a walk through a neighborhood becomes a window into identity, history, and belonging. In this book, the city itself is the main character, and uncovering its layers, one story at a time, was the greatest joy.

What’s the most unusual or quirky source of inspiration you’ve ever had for a story?
The most unusual source of inspiration for Discovering Singapore By Chance was a 20-cent packet of curry puffs from a hawker stall at 8 a.m.

One morning, I was sitting at a crowded coffee shop in Toa Payoh, eating a curry puff with my co-author Jenny. We were tired, slightly grumpy from the early hour, and just going through our notes. Then, an elderly uncle at the next table—who had been quietly observing us—leaned over and said, “You two write about Singapore? Then you must understand kiasu.”

That one word—kiasu, meaning fear of losing out—sparked a two-hour conversation about competition, survival, national mindset, and how a simple snack could reflect deeper cultural values. We recorded it (with his permission), and that impromptu chat became the foundation of a full chapter on Singapore’s psychology.

It wasn’t a conference, a policy paper, or a tech trend that inspired me—it was a random, warm-hearted local with a strong opinion and a love for curry puffs.

That moment reminded me: the best stories don’t come from grand events. They come from real life—over coffee, in hawker centres, in the middle of an unexpected conversation. For me, that’s where truth, humor, and insight truly meet.

What advice would you give to aspiring authors who are just starting their writing journey?
To aspiring authors just starting out, here’s my advice:

Start small, but start now. You don’t need a book deal, a big platform, or perfect conditions. Write one paragraph today. One page tomorrow. Momentum builds not from inspiration, but from action.

Write what you know—and what you’re curious about. Your unique perspective is your greatest strength. Whether it’s your career, your culture, or a technology you’re passionate about, your voice matters because it’s yours.

Don’t aim for perfect—aim for clear. Your first draft isn’t supposed to be flawless. It’s supposed to exist. Edit later. For now, get the ideas out. The magic happens in rewriting, not in waiting.

Use real life as your source. The best stories come from conversations, failures, observations, and questions. That moment on the MRT, a debate with a friend, a problem you solved—these are all seeds for powerful writing.

Share your work early. Post a short piece online. Read it to a friend. Get feedback. Writing is not just a solitary act—it’s a conversation. Let people respond before you’re “finished.”

Be consistent, not heroic. You don’t need to write 5,000 words in a day. Just 200, five days a week. Small steps lead to finished books.

And finally, finish something. So many writers begin but never complete. Push through doubt, silence your inner critic, and ship it—whether it’s a blog, an ebook, or your first manuscript.

Because the world doesn’t need more unpublished genius.
It needs your voice—clear, honest, and shared.

Write with purpose.
And keep going.


What role does research play in your writing process, especially when you’re exploring new genres or themes?
Research is the backbone of my writing—especially when exploring new technologies or cultural themes. I don’t write from opinion alone; I write from understanding.

When I worked on Blockchain Revolution 2030 or NFT: From Zero to Hero, research meant diving into technical whitepapers, studying real-world use cases, interviewing developers, and even testing platforms myself. I needed to know how things worked under the hood, not just the surface hype.

For Discovering Singapore By Chance, the research was different—it was human-centered. I walked through neighborhoods with fresh eyes, revisited history, spoke to community elders, and listened to expats and locals alike. Jenny and I collected stories, compared perspectives, and questioned assumptions. We didn’t just rely on data—we lived the moments.

Even for my upcoming book on Web4, I’m deep in research: studying AI behavior models, ambient computing trends, digital identity frameworks, and global policy shifts. I read academic papers, attend tech demos, and talk to engineers building the future.

But here’s my approach: I research not to overload the reader, but to simplify with confidence. My goal is never to show how much I know—but to make the complex feel clear and relatable.

So yes, research comes first. Then storytelling.
Because you can’t explain the future—unless you’ve first taken the time to understand it.

Can you share a favorite quote or line from one of your books that holds a special meaning to you?
One line from Discovering Singapore By Chance that holds deep meaning for me is:

“Singapore is not just a place; it’s a state of mind.”

This line captures the essence of what Jenny and I wanted to convey—not just the efficiency, cleanliness, or skyline, but the underlying mindset that makes Singapore unique: discipline balanced with ambition, diversity woven into unity, and a constant drive to reinvent despite size or odds.

To me, this quote reflects how a nation’s identity can transcend geography. It’s about resilience, pragmatism, and the quiet pride of building something lasting from almost nothing.

I return to this line often—because it’s not just about a country.
It’s about what people can achieve when they think ahead, work together, and believe in progress.
And that, to me, is timeless.

What is your favorite part of the writing process, and why?
My favorite part of the writing process is the moment an abstract idea becomes clear and real—when a complex thought finally clicks into a simple, powerful sentence.

It often happens during editing, not the first draft. I’ll go back to a messy paragraph—something I spoke into my phone or scribbled in a notebook—and suddenly, the right words fall into place. That’s when the magic happens: when something that felt confusing or overwhelming becomes understandable, even inspiring.

I love this part because I know that once I’ve made it clear to myself, I can make it clear to others. That single sentence can become a turning point in a chapter, a quote someone remembers, or the insight that helps a reader finally “get” blockchain, NFTs, or what Singapore truly stands for.

It’s not about style or flair. It’s about clarity with purpose. And when I achieve that, I feel like I’ve done my job—not just as a writer, but as a guide, helping others see the future a little more clearly than they did before.

How do you approach character development? Are there any real-life influences in your characters?
Since I write nonfiction, my “characters” are not invented—they are real people, including myself, my co-author, and the individuals we meet along the way. In Discovering Singapore By Chance, the development of these voices is intentional and deeply personal.

My own role in the book is not as a fictional character, but as an insider—someone born and raised in Singapore, shaped by its systems, culture, and unspoken rules. I reflect on my assumptions, biases, and emotional connections to the country, revealing a more vulnerable, thoughtful side of myself than people might expect from a tech and finance commentator.

Jenny Zheng, my co-author, serves as the curious outsider—her journey of discovering Singapore mirrors that of many global readers. Her observations, questions, and emotional responses are all authentic, drawn directly from her lived experience. Together, our dialogue becomes a kind of dual narrative—one rooted in belonging, the other in discovery.

Beyond us, the “characters” include everyday people we encountered: a hawker stall uncle with sharp opinions on national identity, a young artist blending heritage with digital tools, or a policymaker quietly shaping the city’s future. These voices are real, lightly anonymized for privacy, but their insights are preserved with care.

So my approach to “character development” is about truthful representation—not crafting personalities, but listening deeply, reflecting honestly, and showing how real experiences can illuminate larger truths. The most powerful stories, I’ve learned, don’t come from imagination alone—they come from paying attention.

What’s your favorite “oops” moment from writing—those happy accidents that turned into something wonderful?
One of my favorite “oops” moments happened while writing Discovering Singapore By Chance.

Jenny and I were working on a chapter about cultural identity, and I had written a serious, data-heavy section on Singapore’s multilingual policies. It was accurate—but dry. Lifeless. As I read it aloud during editing, even I was bored.

Frustrated, I vented in a voice note: “Honestly, the real language of Singapore isn’t English, Mandarin, Malay, or Tamil—it’s code-switching, sarcasm, and food.” I wasn’t planning to use it. I was just ranting.

But when Jenny heard the playback, she said, “That’s going in the book.”

We turned that offhand comment into a full section—“The Real Languages of Singapore”—where we explored how Singaporeans communicate not through official policy, but through humor, food metaphors, and seamless switching between dialects and tones depending on who we’re with. It became one of the most relatable, human chapters in the book.

That “oops” moment taught me something important: the best writing often comes from letting go of perfection and embracing honesty. If I hadn’t made a mistake in tone, gotten frustrated, and spoken from the heart, we would’ve missed one of the book’s most authentic insights.

Now, I welcome the glitches, the rants, the accidental lines. Because sometimes, the truth slips out when you’re not trying to sound smart—just real.

Have any of your characters ever “taken over” a scene and surprised you with where they went?
Since I write nonfiction, my characters aren’t fictional—they’re real people, including myself and my co-author Jenny Zheng. But yes, there were moments when someone’s words or actions shifted the entire direction of a scene in a way I never expected.

One powerful example was during an interview with a third-generation hawker in Geylang. We went in to talk about food heritage, but he surprised us by turning the conversation toward loneliness, legacy, and fear of failure. He shared how his son didn’t want to take over the stall—not because he disliked the work, but because “it’s invisible work. No one sees you, even when they’re eating your food.”

That raw honesty wasn’t in our plan. But his voice, his emotion, took over the moment. We rewrote the entire section around the idea of invisible labor—how Singapore runs on people who rarely get recognition. That scene ended up connecting to bigger themes: national identity, value, and what we choose to celebrate.

Even I surprised myself. In responding to him, I opened up about my own fears—of being forgotten, of building things that might not last. That vulnerability wasn’t scripted. It just happened.

So while no fictional character has “taken over” a scene, real people, speaking truthfully, absolutely have. And that’s the beauty of writing nonfiction: you show up to tell one story, but life hands you a deeper one. You just have to be quiet, listen, and let them lead.

 

Source: https://mybookplace.net/interview-with-anndy-lian/

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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Crypto Market Pulse: Insights from Manoj Dharra and Anndy Lian on Current Trends and Institutional Adoption

Crypto Market Pulse: Insights from Manoj Dharra and Anndy Lian on Current Trends and Institutional Adoption

The cryptocurrency market is buzzing with energy once again, teetering on the edge of all-time highs and drawing in a wave of institutional interest that’s impossible to ignore. In a recent episode of Crypto Market Pulse on 3.0 TV, host Manoj Dharra welcomed blockchain strategist, author, and market expert Anndy Lian for a lively discussion about what’s driving this surge and where the market might be headed. Their conversation was a goldmine of insights, blending sharp analysis with a genuine enthusiasm for the evolving world of digital assets. With crypto’s spotlight growing brighter by the day in 2025, let’s dive into the key takeaways from their exchange and explore what it all means for investors, innovators, and the future of finance.

A Market on the Brink

Right out of the gate, Manoj Dharra set the tone with a question that’s on everyone’s mind: how’s the market performing as it flirts with those tantalizing all-time highs? You could hear the excitement in his voice as he greeted Lian, a familiar face on the show, and it was clear this wasn’t going to be a dry rundown of numbers. Anndy Lian didn’t hesitate to jump in, framing the market’s current state as more than just a hot streak. “Good to see you again, my friend,” he said warmly, before diving into his take. “What we’re witnessing isn’t just a fleeting spike—it’s a sign of a market that’s growing up.”

Lian painted a picture of a crypto landscape that’s shedding its wild-west reputation. Bitcoin and Ethereum, the heavyweights of the space, are leading the charge, testing their previous peaks with a confidence that feels different this time around. He pointed to a mix of forces at play: broader adoption, smarter technology, and a global economy that’s pushing people to rethink traditional investments. “Crypto isn’t just for the risk-takers anymore,” Lian remarked. “It’s becoming a serious contender in the financial world, and the numbers are starting to reflect that.”

Dharra nodded along, clearly on the same wavelength. He brought up how the market’s ups and downs over the years have built a resilience that’s now paying off. “We’ve seen the crashes, the hype cycles,” he said, “but this feels like a turning point.” Together, they highlighted how decentralized finance (DeFi) and non-fungible tokens (NFTs) are adding fuel to the fire, pulling in new users and shaking up old systems. But it wasn’t all rosy—Lian was quick to add a note of caution. “Innovation’s moving fast, and that’s thrilling, but we’ve got to keep an eye on the risks, too,” he said, hinting at the regulatory and security hurdles still lurking in the shadows.

The Institutional Invasion

If there’s one thing that stood out in their chat, it’s how much the game has changed with big institutions stepping into the ring. Lian didn’t mince words: “Institutional adoption is the engine behind this rally.” It’s a bold claim, but he backed it up with a clear-eyed look at what’s happening. Banks, hedge funds, even governments—they’re not just dipping their toes in anymore; they’re diving headfirst. “When you see these players getting involved, it’s a signal,” he explained. “Crypto’s not a fringe experiment—it’s here to stay.”

Dharra leaned into this point, asking what’s pulling these heavy hitters in. Lian had a ready answer: “It’s about protection and opportunity.” With inflation creeping up worldwide and stock markets looking shakier than usual, institutions are hunting for ways to shield their wealth. Crypto, with its knack for holding strong when other assets wobble, is starting to look like a smart bet. “Think of it as the new gold,” Lian said, a grin in his voice. “Except it’s digital, decentralized, and a whole lot more versatile.”

But it’s not just about hedging bets. The infrastructure’s caught up, too. Lian pointed to the rise of regulated exchanges, secure custody options, and even crypto exchange-traded funds (ETFs) that have smoothed the path for institutions. “A few years ago, the idea of a bank holding Bitcoin sounded crazy,” he noted. “Now, it’s just business.” Dharra chimed in with a nod to how this shift is boosting confidence across the board. “It’s not just the big players—it’s trickling down to everyday investors, too,” he said.

Still, they didn’t shy away from the flip side. More institutions mean bigger stakes, and that can stir up trouble. Lian raised an eyebrow at the risk of market swings getting wilder as these giants throw their weight around. “It’s a double-edged sword,” he admitted. “We want the growth, but we’ve got to keep it fair.” Dharra agreed, stressing the need for transparency as the market scales up. It was a sobering reminder that even in a boom, vigilance is key.

Regulation: Friend or Foe?

No crypto conversation is complete without tackling regulation, and Dharra steered them right into it. “So, what’s the deal with all these rules popping up?” he asked. Lian chuckled, calling it “the million-dollar question.” He didn’t dodge the complexity: “Regulation can make or break this space. Done right, it’s a lifeline—done wrong, it’s a chokehold.”

They dug into the global patchwork of approaches. Some places, like the U.S., are playing it tough, piling on rules to keep things in check. Others, like Singapore, are rolling out the red carpet for crypto innovators. “It’s a mixed bag,” Lian said. “You’ve got to be nimble to keep up.” He argued that clear rules could bring more players in by cutting down on uncertainty, but overreach could scare off the pioneers who built this space.

Dharra jumped in with an optimistic take. “I’m seeing more regulators talking with the industry, not just at it,” he said. “That’s progress.” Lian agreed, suggesting that 2025 could be a tipping point where governments start seeing blockchain as more than just a buzzword. “They’re waking up to the potential,” he said. “It’s not just about control—it’s about opportunity.”

Beyond the Coins: Blockchain’s Big Picture

Lian couldn’t resist zooming out to talk blockchain beyond crypto, and it was one of the chat’s highlights. “This tech’s bigger than Bitcoin,” he insisted, his passion cutting through. He rattled off examples—supply chains tracking goods from farm to table, healthcare systems securing patient data, even governments using it to cut corruption. “It’s about trust,” he said. “Blockchain gives us a way to prove things without middlemen.”

Dharra latched onto the supply chain angle, marveling at how it could stop fraud in its tracks. Lian nodded, mentioning luxury brands already using it to prove authenticity. “Imagine buying a watch and knowing, without a doubt, it’s the real deal,” he said. They also touched on digital identity—how blockchain could let people control their data in a world full of hacks. “That’s empowerment,” Lian added. “It’s not just tech—it’s a shift in power.”

What’s Next?

As they wrapped up, Dharra pushed Lian for a peek into the future. “Where’s this all going?” he asked. Lian didn’t hesitate. “Up,” he said with a laugh, then got serious. “We’ll see bumps—volatility’s not going anywhere—but the trajectory’s clear. Crypto and blockchain are weaving into the fabric of how we live.” He stressed education as the next big hurdle. “People need to get it—really get it—before we see the full potential.”

Dharra closed with a nod to the moment. “This isn’t hype—it’s history,” he said. Their chat left no doubt: 2025’s crypto boom, fueled by institutional muscle and blockchain’s reach, is just the start. From market trends to real-world impact, Manoj Dharra and Anndy Lian made it clear—the future’s bright, and it’s already here.

 

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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Singapore’s Startup Ecosystem: A Global Model for Innovation and Growth

Singapore’s Startup Ecosystem: A Global Model for Innovation and Growth

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, representatives from over ten countries gathered to discuss strategies for fostering startup ecosystems.

I had the opportunity to deliver a session titled “Singapore’s Model for Startup Ecosystem,” sharing how Singapore evolved from a colonial trading post into a global innovation hub through strategic policies, robust infrastructure, and international collaborations. This article summarizes the key points from my presentation, offering an objective overview of Singapore’s startup success story.

Singapore’s Journey to a Global Innovation Hub

In my remarks, I traced Singapore’s transformation from a 19th-century trading port to a leading startup hub. This shift was driven by deliberate government policies, a strategic location in Asia, and a commitment to innovation. With a startup ecosystem valued at approximately SGD 1.44 billion, Singapore leverages its multilingual workforce and robust financial sector to attract entrepreneurs and investors. “Singapore’s strength lies in its location, diverse talent pool, and strong financial infrastructure,” I noted during the session.

The city-state hosts over 4,500 tech startups, more than 400 venture capital (VC) firms, and 240 incubators and accelerators, creating a comprehensive ecosystem that supports startups at every stage. Nearly all major global VC funds have a presence in Singapore, either through Asian offices or dedicated subdivisions, particularly in sectors like fintech, healthcare, and deep tech.

Government Initiatives: The Foundation of Success

Singapore’s government plays a central role in its startup ecosystem through initiatives like Startup SG and the Smart Nation vision. Startup SG, launched in 2017, provides mentorship, grants, and networking opportunities to foster entrepreneurial growth. “The networking opportunities provided by Startup SG are critical for startup success,” I emphasized, highlighting how these connections have driven achievements in the VC space. Since 2015, the government has invested over SGD 1 billion in startup programs, supporting more than 2,000 startups annually across sectors like fintech, healthcare, and sustainability. The Startup SG Founder Grant offers 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. Ninja Van, a logistics provider, scaled rapidly with SG Equity funding, serving as a prime example of these initiatives’ impact.

The Smart Nation initiative integrates technology into areas like the Internet of Things (IoT) and artificial intelligence (AI). Singapore’s small size enables rapid implementation of innovative solutions, making it an ideal testbed for smart urban technologies. As I noted, “Singapore’s compact scale allows for quick testing and iteration of new ideas,” positioning the city-state as a leader in smart urban living.

Historical Milestones and Growth Phases

My presentation provided a historical perspective on Singapore’s commitment to innovation. The National Computer Board (NCB), established in 1981, laid the groundwork for technological development, followed by companies like Creative Technology, a pioneer in 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 strengthened research and development (R&D), supporting innovators like Hyflux, a leader in water refinery technology

From 2010 to 2015, startup funding grew from USD 80 million to USD 1 billion, driven by government support and global interest. Lazada, founded in 2012, capitalized on Singapore’s logistical advantages to become a leading e-commerce platform in Southeast Asia. By 2017, the ecosystem’s value reached USD 11 billion, with companies like Grab achieving unicorn status in Singapore and 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 collaborations strengthens its ecosystem. Over 150,000 foreign professionals work in Singapore, with 29% in the tech sector, contributing diverse expertise. Programs like the TechPass (launched in 2021) and EntrePass offer visas to top talent and entrepreneurs, with approval rates for tech roles reaching 90%. “Talent is a cornerstone of Singapore’s economic growth,” I observed, highlighting the government’s strategic focus on human capital.

Collaborations 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 facilitated cross-border exchanges, while partnerships with the World Bank, DBS, and the United Nations on fintech projects, as well as collaborations with France on autonomous systems, underscore Singapore’s global integration.

Singapore’s pro-business regulatory framework is a key enabler of its startup ecosystem. Company registration can be completed in one to two days, and the city-state ranks highly for its strong legal framework and business-friendly policies. The Monetary Authority of Singapore (MAS) supports innovation through a fintech sandbox, allowing startups to test solutions with regulatory guidance. Compliance workshops and a trusted reputation ensure accountability while fostering innovation, making Singapore a preferred destination for crypto and fintech companies.

Success Stories and Future Outlook

My presentation highlighted success stories that illustrate Singapore’s impact. Carousell, a marketplace platform, grew from a modest valuation to unicorn status with support from Singaporean funds and government initiatives. ShopBack’s cashback model and Grab’s expansion into financial services demonstrate 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, fintech, healthcare, deep tech, AI, cryptocurrency, and green tech are poised for growth. 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. As I concluded, “Singapore’s ecosystem empowers entrepreneurs to turn bold ideas into reality,” encouraging global innovators to explore its opportunities.

Conclusion

My session at the Mongolia event outlined Singapore’s startup ecosystem, driven by strategic government initiatives, a robust financial sector, and global collaboration. From its historical roots to its 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 focus on emerging technologies, Singapore continues to serve as a launchpad for startups aiming to make a global impact.

 

Source: https://news.shib.io/2025/06/06/singapores-startup-ecosystem-a-global-model-for-innovation-and-growth/

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”.

j j j