Asia is emerging as a global innovation hub, driven by a new generation of tech-savvy entrepreneurs and digital-first economies. Singapore stands out as one of the region’s most advanced innovation hubs, where technology has become part of people’s daily lives.
With more than 20 unicorns, a robust digital infrastructure, and an ecosystem worth US$144 billion, Singapore is now ranked 9th worldwide and 2nd in Asia by Startup Genome 2025, cementing its place as the region’s gateway for deep tech.
Deep Tech: Where Science Meets Business
You’ve probably heard the term, but wondered: what is deep tech exactly?
Deep Tech refers to innovations rooted in scientific breakthroughs and advanced engineering addressing major global problems such as climate change and healthcare. It includes AI technologies, quantum computing, biotechnology, green tech and space tech.
According to The World Economic Forum (2025), Asia is one of the fastest-growing global hubs for deep tech innovation, with Singapore and Japan leading development and investment.
Over the past thirty years, Singapore has invested over S$60 billion in research and development for deep tech innovation, creating more job opportunities within the country.
Key initiatives include:
- SGInnovate’s Deep Tech Nexus Strategy (2017), which connects researchers, entrepreneurs, and investors to accelerate commercialisation.
- A*STAR (Agency for Science, Technology and Research): which actively incubates startups in fields such as biotechnology, advanced materials, and AI technologies.
One such deeptech success story is Nanoveu, a startup supported by A*STAR that developed nanotech-based antiviral films. This is a breakthrough that gained significant traction during the pandemic, proving how deep tech is driving major advancements in healthcare delivery, medical innovation, and laying the foundation for the digital health sector.
Digital Health: Transforming Healthcare
Singapore is home to 9% of Asia’s health tech startups, despite its small size, spanning early-stage to fast-scaling companies, including diagnostics and AI-driven care. In 2025 alone, the health and biotech sectors secured $342 million in funding.
Four years ago, there were merely 140 health tech startups. However, by 2025, the number has grown to 400. This surge in health tech is reshaping the talent required.
The industry will need experts who understand health systems, policies, management and innovation. This gives graduates with an MSC in Global Health Management various promising career opportunities.
Another sector seeing rapid growth is Green Tech, where innovation is driving cleaner, more sustainable solutions across industries.
Green Tech Startups: Innovating for a Sustainable World
In TIME’s recent list of the world’s top green tech companies, Singapore, China, and Japan were among the Asian countries recognised for their progress in sustainability innovation.
Singapore’s inclusion reflects its growing emphasis on purpose-driven innovation, which is fuelling the rise of green tech and clean tech startups in the city-state. These companies are working on:
- Renewable and clean energy
- Waste-to-energy systems
- Sustainable materials and construction
- Carbon analytics and capture
- Electric mobility and infrastructure
In 2024 alone, investments in green tech in Singapore increased by 22%, showing that sustainability is now central to business growth. If you care about the environment and want a career with a positive impact, Singapore’s green economy is the ideal place to be.
Career Opportunities in Singapore’s Innovation Economy
Singapore offers one of the best examples of how innovation translates into opportunity across industries, defining the future of work in Asia.
This growth is driving higher demand for talents capable of connecting technology, strategy, and business in roles like leadership, innovation management, product development, and consulting:
- Management-level graduates typically earn SGD 5,000 to SGD 8,000 per month.
- The median monthly income in healthcare, particularly for consultants, is SGD 6,045 (2025), driven by the growth of digital health.
Develop Future-Ready Leadership Skills at LSBF in Singapore
At LSBF Singapore Campus, our postgraduate programmes are designed to help you seize job opportunities created by Singapore’s innovation economy, whether in business leadership or the rapidly expanding digital health sector.
Two programmes particularly align within these expanding sectors:
MBA Global
Designed for aspiring leaders, the MBA Global helps you build the strategic mindset needed in today’s dynamic business landscape. You’ll learn how to:
- Lead innovation and manage change
- Use data to strengthen decisions and strategies
- Understand global markets and emerging technologies
- Approach leadership with sustainability and ethics in mind
MSc in Global Health Management
With digital health and biotech shaping the future of healthcare, the MSc in Global Health Management prepares you for roles that blend management, policy, and innovation. You’ll develop skills to:
- Navigate healthcare systems and regulations
- Apply digital transformation in real healthcare settings
- Contribute to health strategy, planning, and consulting
Whether you see yourself leading a startup, stepping into a management role, or contributing to Singapore’s growing health innovation sector, LSBF in Singapore equips you with the expertise to build a stable, future-ready career and make a meaningful impact.
Speak to our education consultant today to learn more about these programmes.
FAQs about Innovation in Singapore
- Why is Singapore so innovative?
Singapore’s pro-business environment, strong government support, and digital infrastructure are driving innovation.
- What are the top skills in tech and innovation-focused industries?
Key in-demand skills include:
- Digital literacy and comfort working with emerging platforms and tools
- Data analysis and the ability to extract insight and drive decisions
- Innovation management and business acumen to translate ideas into viable solutions
- Leadership, problem-solving and cross-functional collaboration
- Strong domain knowledge (for example, in health systems, sustainability, or advanced technologies)
- Which MBA is the highest in demand?
MBAs that focus on leadership, innovation, strategy, data-driven decision-making, sustainability, and ethics are currently in the highest demand. The MBA Global at LSBF in Singapore aligns with these needs, preparing graduates for strategic and management roles across key growth industries such as deep tech or green tech.
