APEC Target

Grow Your Business In The APEC Region With ICG Accelerate

Finding a local partner, setting up a local development hub or an incubator, selling your products in new markets or simply opening a representative office – its all part of our APEC team service offering.

Singapore is a powerful start-up ecosystem which is a leading factor in its economic supremacy. Singapore has shown strong commitment to building a conducive climate for idea incubation with incentives to nudge potential entrepreneurs towards Singapore’s priority sectors of tomorrow. Singapore’s technology plans (RIE2015) are focused on the following key ideas:

  • Emphasis on basic science and knowledge as basis of future innovations.
  • Focus on talent attraction and development, positioning Singapore as choice location for researchers.
  • Emphasis on competitive funding as a selection means for the best ideas for optimal resource allocation.
  • Fostering greater synergies between private and public and more funding for multi-disciplinary breakthrough science.
  • Heavier weighting of R&D to promote positive economic outcomes.
  • Strengthen support for commercialization to encourage development of products and services.

The main reasons for establishing Singapore presence are: Access to Capital (including favorable government incentives), Ease of doing business, Attractive tax system (with special tax schemes for startups), Intellectual property protection and talented and dynamic workforce.


The Republic of Korea is one of the leading global research nations. From its humble beginnings in the 1960’s as a poor nation until today, Korea has made impressive progress in quality of research. Korea is now a globally leading R&D power in areas of industrial research (IT, communication, transport, civil engineering). The Korean Government also invests heavily in R&D and its numerous public research institutes and universities constantly improve.

  • South Korea invested 0.73% of its GDP in Basic Research, placing Korea as worldwide number 2 behind Switzerland with 0.77%.
  • Korea ranks 9th in the list of Gross domestic expenditure on research and development per-capita population.
  • Korea is comes first in patent applications/GDP and that Korean firms totally hold 640’412 patents (worldwide #3).
  • South Korea invests 4% of its Gross domestic expenditure on research and development (GERD), placing Korea as worldwide number 2 behind Israel.
  • Korea has the second highest amount of total researchers within OECD.
  • Graduation rate from university among Korean aged from 24 to 34 is 63% ranking Korea as number 1 among OECD countries.

Thailand has a big market, with 65 million people, and the country has spent a lot on education. In preparing Thailand to take advantage of the innovations technology has to offer, the Thai government in conjunction with the Board of Investment Thailand has released a policy statement highlighting the nation’s plan to expand support of the technology industry, including science, research & development (R&D), and development & innovation. The support is of particular importance to the following sectors: Biotechnology, Nanotechnology, Advanced Materials Technology and Digital Technology.

Thailand has a particular competitive advantage in the biotechnology sector due to its position as one of the world’s leading agricultural countries, and one of the top five food exporters. With the nation’s abundance of bio-diversity, cutting edge science and technology parks, highly trained technicians, and strict intellectual property law enforcement, the biotech sector is ripe for investment. Currently, Thailand is home to 165 biotechnology firms, including Purac, Betagro, Greater Pharma Manufacturing, Novartis, Maine Biotechnology, and East West Seed etc.


Vietnam is approaching the crossroads of development. To boost GDP growth under labor and capital constraints, the country will have to rely more on gains driven by productivity. This will require considerable improvements in domestic innovation capabilities according to a World Bank report.

Vietnam  with a population of over 93.5 million and a median age of 30.3 years old  is defined by a growing population of young coders, engineers, entrepreneurs, and students driving economic growth and technological innovation. Vietnam barely had any IT companies 15 years ago, but now there are close to 14,000 IT businesses spanning hardware, software, and digital content. The Vietnamese government sees the tech sector as the linchpin of the country’s economic growth. Vietnam is quickly becoming an investment and tech hub for local and international enterprises.

Vietnam’s university system parallels its cities. The three largest IT universities in the country are the Da Nang University of Science and Technology, the Hanoi University of Science and Technology, and the Ho Chi Minh City University of Science and Technology. Each regional school graduates engineers that are recruited directly into the local workforce. The entire curriculum and university experience are geared toward developing directly applicable workforce skills in students through programming courses, lectures on emerging technologies, and communication and language classes in English and Japanese.

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