The Southeast Asian nation is home to 4,000 startups, over 220 venture capital firms and more than 200 incubators. From 2019-2021, Singapore’s tech startup ecosystem accumulated US$89 billion in funding, well above the world average of US$28.6 billion, and 52% of the total equity funding generated in Southeast by the end of 2021 went to the city state. According to the latest estimates from Tech in Asia, Southeast Asian region has minted 49 unicorns overall, of which 28 were founded in Singapore; in 2021 alone, the region saw 25 new unicorns emerge of which 11 came from the Commonwealth nation. Startup Genome, the internationally leading research organisation for startup ecosystems, ranked Singapore as the 5th best ecosystem in Asia and 18th worldwide in its Global Startup Ecosystem Report 2022, claiming the nation to be the ideal base to penetrate Southeast Asia’s trillion dollar digital commerce and ICT climate.

What makes the Lion City so attractive a destination that Sequoia Capital and Lightspeed Venture Partners even have offices there? Geographically, Singapore is the entry point into the Asia-Pacific region and it has established itself well as a trade and logistics hub which is attractive for startups looking to make a name as well as multinational corporations and VC firms looking for aspiring startups to make a thriving business out of. The clean and efficient city has limited resources and as such it has dedicated substantial funding into its world-class research and training institutions, producing a rich and diverse pool of talent that has created a rising middle-class in a very pro-business environment which is also very technically savvy and well-versed in deep-tech.

In this webinar, the Commonwealth Chamber of Commerce was joined by Crane HR, a dual-sided marketplace platform headquartered in Singapore that facilitates companies to hire more efficiently through their online work portfolios and on the other hand helps the workers bypass expensive and inefficient recruitment platforms. The company was represented by Crane HR’s CEO and COO, Sazzad Hossain and Nazmus Sakib Khan, respectively, who shared extensively their motivations behind starting the company and how the Commonwealth nation’s robust ecosystem equipped them to make an exceptional business model to make their heartwarming dream of helping inspirational and hardworking immigrants come true.

#CommonwealthConnect #techstartups #CraneHR

Timecodes:
00:00 Julia Charlton's welcome speech
06:31 Sazzad Hossain about CRANE HR.AI
28:14 Sazzad Hossain about his life experience
30:00 Nazmus Sakib Khan about his experience
33:02 Sazzad Hossain about integration of the migrants and brain drain problem
34:48 Sazzad Hossain about benefits of Singapore as startup place
36:56 Sazzad Hossain about deafferents when dealing between Commonwealth jurisdictions as opposed to other ones
37:46 Sazzad Hossain about SDI Academy and SDI Global
39:00 Sazzad Hossain about how does CRANE HR advertise to migrant workers
39:54 Sazzad Hossain about screen people
42:34 Sazzad Hossain about expedition the visa processing
46:30 Sazzad Hossain about education needed for the employers
47:43 Sazzad Hossain about COVID affected CRANE HR
49:50 Sazzad Hossain about vaccination
51:20 Sazzad Hossain about inflation
54:47 Sazzad Hossain about AI
55:40 Nazmus Sakib Khan about how does the UK compare with Bangladesh
57:10 Sazzad Hossain about families of migrant workers
1:02:40 Julia Charlton's closing speech

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