Block71 – Heart of the Startup-Ecosystem
Established in early 1970s as part of the Ayer Rajah industrial estate, Blk71 is one of the oldest industrial buildings in Singapore serving the light manufacturing industry. By 2010, Blk71, together with a few blocks within this industrial estate was slated for demolition to make way for re-development.
However, in 2011, NUS Enterprise, SingTel Innov8 and the Media Development Authority of Singapore collaborated to turn Blk71 into a start-up hub. The intention was to pull together the technology start-up cluster, which was previously dispersed around Singapore, to one common location, for increased synergy and economies of scale. With this development, Blk71 rapidly transformed from an old, deserted industrial estate into a thriving start-up hub.
Blk71 in numbers
600+ technology startups incubated since 2011
300+ Events and Pitching Opportunities hosted annually
2800 Sq Ft of office space for various team sizes
1000+ operational Startups, VCs and enablers in the neighbourhood
With the intention to consolidate the previously dispersed entrepreneurial community in Singapore, the three parties set about retrofitting the dilapidated building with new amenities and technology infrastructure, and worked hard to pull together fellow entrepreneurs in the information & computer technology as well as interactive digital media areas. Blk71 is now in the world’s most tightly packed ecosystem, housing up to 1,000 startups, incubators and accelerators, investors and government agencies.