Singaporean and Canadian Startups Eye India Expansion Amidst Growth and Supportive Ecosystem

Startups from Singapore and Canada are showing significant interest in entering the Indian market, driven by India's vast consumer base, robust economic growth, and a progressively supportive startup ecosystem. This sentiment was voiced by company representatives on the sidelines of EPIC 2025, a global pitch competition hosted by Hong Kong Science and Technology Parks Corporation (HKSTP). The event, which saw 100 startups shortlisted from over 1,200 global applications, serves as a crucial platform for entrepreneurs to connect with investors and potential partners in emerging markets.

Bryan Oh, Founder and CEO of Singapore-based NEU Battery Materials, highlighted India as a key target market for scaling global battery recycling solutions, noting the significant presence of two and three-wheelers. Similarly, Singaporean air cargo software firm Belli sees India's fast-growing economy as a prime opportunity. KA Imaging from Canada, developers of innovative colour X-ray technology, are also exploring an Indian entry, particularly interested in government funding initiatives for science and medical technology.

Impact This influx of foreign startup interest signifies a growing confidence in India's economic potential and its burgeoning innovation landscape. It could lead to increased competition, job creation, technology transfer, and a further boost to India's startup ecosystem, potentially paving the way for future public listings.

Definitions: * Startup Ecosystem: Refers to the interconnected network of individuals, startups, investors, accelerators, incubators, universities, and supporting organizations within a specific geographic area that fosters the creation and growth of new businesses. * FinTech: Short for Financial Technology, refers to companies that use technology to provide innovative financial services, such as mobile payments, online lending, and digital investing. * GreenTech: Also known as environmental technology, refers to innovations and solutions aimed at improving environmental performance, sustainability, and reducing the impact of human activities on the planet. * EPIC 2025: A global pitch competition organized by Hong Kong Science and Technology Parks Corporation (HKSTP) to connect startup founders with investors, corporate partners, and emerging markets.