British startups keen on expanding to Singapore: IDA survey

They’re drawn to the Smart Nation vision.

Tech entrepreneurs in the United Kingdom are drawn to Singapore Smart Nation initiative, according to a survey by the IDA.

The survey showed that UK start-ups are more willing than ever to seek international growth. Some 15% of respondents have already expanded abroad, 17% plan to relocate at least part of the business and a further 19% are considering a move in the future.

When it comes to choosing the city to relocate to, factors such as ease of doing business, strong public infrastructure and policies that support innovation all came out on top with over 70% of our respondents agreeing that these were crucial when considering a potential city for relocation. 

Over half the UK start-ups surveyed were attracted by the Smart Nation vision, and it was not just about the money — they were excited about looking beyond just expanding the business, into joining a major project that can benefit other world cities through innovation.

Read the full survey here.