Greater Southeast Asia is one of the world’s fastest growing regions in terms of per capita GDP and thus has a slew of #startups trying to boost #innovation and leave a mark in the world.
Ride-hailing, e-commerce, and travel portals are making up the DNA of the unicorns in #GSEA. However, newer and nascent technology such as #AI and #Blockchain are rapidly dominating the region's startup landscape.
While the region as a whole is advancing, "each country seems to have its own flavor". #Indonesia is embracing Blockchain, “you can see semiconductor processes coming out of #Malaysia, food tech out of #Thailand, and a lot of algorithm and software-based AI out of #Vietnam," says Hian Goh of OpenSpace Ventures.
"But the biggest barrier #SoutheastAsia faces in building its tech muscle is a lack of talent, says Tiang Lim Foo, a partner at #Singapore-based venture capital firm Seedplus." This is where #Taiwan comes in. "At the top of the talent pipeline, Taiwanese students boast the 4th highest performance in the world when it comes to mathematics and science, according to the OECD, with engineering degrees comprising over 25 percent of all university graduates every year," says Jun Wakabayashi, an AppWorks analyst covering GSEA.
As a whole, the region seems unstoppable and there are no signs of slowing down. Follow AppWorks to keep up to speed with all things GSEA!
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