Story perspectives

Asean's Tech Boom: $54.9B R&D Investment Surge

5/21/2025

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Summary

Story summary

Singapore is a key hub for foreign tech start-ups, facilitating access to Southeast Asia's markets.
The Global Innovation Index 2024 showcases Asean's advancements in innovation and regional collaboration.
Asean's R&D investment surged to US$54.9 billion in 2023, a significant rise from US$10.6 billion in 2002.
Hi-tech exports from Asean grew from US$303 billion in 2013 to US$598 billion in 2022.
Asean is emerging as a top destination for tech companies and start-ups.

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Story summary

Singapore is a key hub for foreign tech start-ups, facilitating access to Southeast Asia's markets.
The Global Innovation Index 2024 showcases Asean's advancements in innovation and regional collaboration.
Asean's R&D investment surged to US$54.9 billion in 2023, a significant rise from US$10.6 billion in 2002.
Hi-tech exports from Asean grew from US$303 billion in 2013 to US$598 billion in 2022.
Asean is emerging as a top destination for tech companies and start-ups.