We’ve known for a while that Singapore is a great place for entrepreneurs and start-ups. But this year, thanks to a combination of government efforts, moves by venture capitalists and some exciting success stories, the start-up vibe has never been more exciting. So, if you’re thinking of leaving it all to pursue your start-up dreams, here are seven pieces of encouraging news.

1. You’ll have more government resources

The year started with the expansion of Block 71, the start-up known more formally as JTC Launchpad @ one north. Now the government has erected a Block 73 and a Block 79, with more start-ups, incubators and research organizations. By 2016, there will be even more blocks dedicated to entrepreneurship. 

2. And many like-minded folks

There’s been a special explosion co-working spaces this year, with the arrival of The Working Capitol on Keong Saik, The Refinery in Jalan Besar and The Workhouse in Little India. Why is that good? Cheaper rents aside, lonesome entrepreneurs need friends. Gene Yap, for example, founder of local fitness class subscription services Passport Asia, operated out of the HUB at Orchard. “Because it’s a start-up environment, people are more accommodating. In the street, people tend to avoid you, even if you have a goodie bag.” 

3. Foreign accelerators are coming to help

A few weeks ago, Netherlands-based startup support network Rockstart (www.rockstart.com) announced its arrival to Singapore. Applications for its 150-day program—which will provide mentorship, financial support and workspace—open in September. Australian accelerator Muru-D and Danish accelerator Startupbootcamp also arrived earlier this year. Their application periods are over for the moment, but you can still go to their networking events. 

4. Investors want to fund you

Accelerators aside, venture capitalists are also flocking to Singapore. “Local Singapore firms like Monk’s Hill, Silicon Island and GGV are working alongside international heavyweights like Gree, Rakuten and Sequoia,” says Singapore-based industry insider (and founder of The List) Kristine Lauria. “We’re seeing more and larger investments.” Back in February, local property listing startup 99.co got a US$2 million boost from Eduardo Saverin and Sequoia Capital. Then, earlier in June, PropertyGuru announced that it had raised $135 million. Good news all around.

5. There are many success stories

Lauria also reminds us that local entrepreneurs with more than one startups under their belt are not unusual. 99.co founder Darius Cheung was also behind mobile security company TenCube, which he sold to McAfee. “Danny Tan, who ran and closed down Found in 2013, is now running one of my favorite sites, Hipvan.”

6. You’ll have maverick mentors

Government support, international incubators and events aside, Singapore also has a great network of entrepreneurs lending each other a hand. According to Plern Tee Suraphongchai, director at Ardent Capital, which specializes in e-commerce startups in the region, this makes Singapore a unique ecosystem in the region. “Every entrepreneur needs guidance and access to resources in order to be able to succeed,” she says. “The willingness of the community to give back to and reinvest in the Singapore startup scene is what makes Singapore such a great place for entrepreneurs.”

7. There are world-class opportunities to network

For starters, Echelon Singapore is happening Jun 23-24. But if that’s too advanced or the tickets are too pricey, try WalkaboutSG on Jun 26, where dozens of local tech companies run free open houses. You can visit BASH, the new community startup space at the expanded Blk 71, and the offices of places like Google, Facebook, Twitter, along with local startups such as EasyVan, 99.co and Gone Adventurin’. The clincher? The afterparty is on the floor of the Singapore Stock Exchange.