The startup ecosystems in both ASEAN and India are among the most active in the world, and have produced numerous unicorns, privately held tech startups valued at $1 billion or more.
In 2021, 40 startups in India reached a valuation of $1 billion. Although not as prolific as India, since 2012, Southeast Asia has given rise to over 10 unicorns, with a combined market value of over $34 billion.
This report looks at the evolution of the incubation ecosystem in India and ASEAN and presents a comparative analysis of some of the major policies. It is based on the joint roundtable held by CIIE.CO and ERIA on "Incubators as Catalysts for Innovation," as well as previous research by both organizations on incubators in their respective countries and/or regions.
Contents
- Introduction
- Policy Overview
- Comparison of Policies
- Policy Recommendations
Published January 2022.
Source: Economic Research Institute for ASEAN and East Asia
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