Statement:
In Iceland, startup ecosystem seems to be less developed than in Singapore

In the Startup Ecosystem Index rating Iceland holds position #41 ²⁰²² out of 99 and Singapore is #7 out of 99 ²⁰²².
Position of Iceland is worse than position of Singapore.

Referencies:

1. Startup Ecosystem Index ²⁰²² by StartupBlink

   The countries in the rating sorted by 'Total Score' in descending order.

   Iceland	'Total Score' value is	5.427
   Singapore	'Total Score' value is	23.408