OPENING UP Prospects
Smaller tech companies with the right innovation you generally have the resources to launch a US venture, according to the SBF.  ,
Despite coming US President Donald Trump’s commitment to impose taxes on foreign goods, Singapore companies ‘ plans to enter the US business are not sluggish.
” There’s a lot of confusion, and nobody has been having an open mind to look at what is to occur, and trying to see how they can utilize this new administration as well”, said Ms Samantha Teo, senior director of SBF’s international business sector.
” They are all excited because the ( Trump ) administration has a lot of potential opportunities open up for our Singapore companies to explore.”
According to Ms. Teo, there have been consistently more inquiries about the US’s potential for growth and business growth.  ,
” There’s a substantial amount of investors and venture capitalists that are available. But for most of our Singapore companies, the whole start-up and tech ecosystem in the US is a very attractive market,” she continued.  ,
Scorpio Electric, a small-scale maker of electronic motorcycles, is looking into the US market as well.  ,
The company is eagerly awaiting Trump’s plans for electric cars and technology, especially given his close relationships to tech entrepreneur Elon Musk, the CEO of Tesla.  ,
” We could see an increase in technology within the US area, when it comes to electronic vehicle components, provide network and program providers”, said Scorpio Electric CEO Joshua Goh.  ,
” In this space, the Europeans and the Chinese have a strong hold.” So I’m eager to see how the US fares and how they develop even more.