Singapore set out to become a global biotech hub back in 2000, and, although still awaiting its big success story in the industry, it is currently a leading hub in the APAC region for R&D, biopharma manufacturing, and commercial operations, with a growing startup ecosystem that includes numerous biotech companies.
In 2000, the government in Singapore made biomedical research the fourth pillar of the city’s state economy, known as the National Biomedical Science Strategy. Then, in 2003, under the initiative, the country established Biopolis, which is a custom-built biomedical R&D hub. Over the next 20 years or so, billions of dollars were invested in the life sciences sector.
Nowadays, despite the presence of global companies in the region, Singapore is still focusing on growing its own biotech community. And, as it relies on its network of top universities and research institutions, there are several companies popping up across the country.
In this article, we take a look at six of those companies (in alphabetical order), all of which are showing growth across different areas within the biotech industry in Singapore.