This version is not peer-reviewed.
Submitted:
08 January 2025
Posted:
09 January 2025
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ASEAN is uniquely positioned to lead the global transition toward a regenerative economy, leveraging its rapidly growing sectors such as HealthTech, MedTech, GreenTech, AgTech, and DeepTech/Industrial IoT (IIoT). An expanding middle class, projected consumer spending growth (expected to surpass USD 3.7 trillion), and sectoral innovations that align with sustainability goals are driving the region’s projected GDP growth, which is outpacing global averages and positioning it to become the 4th largest global economy by 2030. ASEAN’s strategic location, vast natural resources, and young, dynamic workforce further position it as a key player in fostering technological innovation, impact-driven ventures, and global capital flows. However, significant barriers remain, including a funding gap, a go-to- market (GTM) resources gap, and a globalization mindset gap, which collectively hinder the ability of innovation-driven ventures to scale effectively across borders.
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