1. Singapore doubles down on efforts to attract mid-sized companies
Aside from helping MNCs power ahead with their AI ambitions, Singapore is also continuing to attract mid-cap technology firms—those generating around US$200 million (S$258.2m) in annual revenues—to establish their regional bases and international research hubs in Singapore.
This strategy, led by Digital Industry Singapore (DISG), a government agency comprising officers from the EDB, Enterprise Singapore, and Infocomm Media Development Authority has already yielded early results. Mid-sized companies, such as Workato, Wise, and AvePoint have announced plans in 2025 to make Singapore its Asia headquarters and international research hubs.
These developments are critical for creating high-value employment opportunities and collaborations with local startups and workers.
DISG is also actively supporting enterprises in their journey to establishing Artificial Intelligence Centres of Excellence (AI CoEs), targeting 100 such centres. The ambitious goal has already seen the launch of over 50 AI CoEs in the past 20 months, involving multinational corporations (MNCs) like American Express, SAP, and Prudential.
To continue supporting even more firms to make that a reality, DISG’s S$150 million Enterprise Compute Initiative (ECI) pairs firms in Singapore with hyperscalers such as Google Cloud, Microsoft Azure, and Amazon Web Services to develop and scale viable AI use cases. Learn how your company can tap into these resources >>
2. Up to 150 AI startups to benefit from enhanced Microsoft accelerate programme in Singapore
The collaboration between Microsoft, Enterprise Singapore (EnterpriseSG), and the National University of Singapore's entrepreneurial arm is set to significantly accelerate the growth and global scalability of AI startups based in Singapore.
This strategic expansion of the existing AI Accelerate programme, which was announced by Deputy Prime Minister Gan Kim Yong at the opening ceremony of Singapore Week of Innovation and Technology (SWITCH 2025), reinforces Singapore’s plan to forge partnerships that translate local ideas into outcomes with global commercial impact.
The enhanced programme will feature a dedicated go-to-market track, where Microsoft experts will offer practical guidance to help startups effectively scale in regional and global markets. Find out how this collaboration will help up to 150 startups over the next three years >>
3. Leading companies are deepening their roots in Singapore’s AI landscape
Leading firms are continuing to choose Singapore as a launchpad for their AI initiatives across the Asia-Pacific region. With access to a strategic ecosystem, companies can go beyond accessing growth opportunities in the region but also develop cutting-edge solutions to suit regional nuances and needs. The latest industry moves include:
- Manulife launches its AI CoE in Singapore The CoE will accelerate the creation and scaling of sophisticated AI solutions across core insurance functions, including underwriting, operations, and customer engagement. Manulife cited Singapore’s strong environment for experimentation and collaboration, supported by the republic’s digital infrastructure, innovation ecosystem, and commitment to thoughtful and well-governed AI development as pull factors. This milestone is set to significantly elevate Manulife’s customer experience and regional operational efficiencies, and exemplifies how companies in the finance sector are undertaking AI innovation efforts from Singapore. Learn how Manulife’s CoE will positively impact Singapore’s AI talent landscape>>
- Google DeepMind opens research lab in Singapore; company’s first in Southeast Asia This significant expansion signals a strategic move by Google to ensure the Asia-Pacific region is a proactive developer of AI, not merely a consumer. The new research lab will concentrate on pioneering foundational research, specifically in linguistic and cultural inclusivity for APAC, advancing the core capabilities of the Gemini model, and applying cutting-edge models across Google's product suite. Discover more about Google DeepMind’s ongoing collaborations in Singapore in the areas of healthcare, education and more >>