Through SSGF, first-time founders can access funding through a startup grant and mentorship from Accredited Mentor Partners (AMPs). This includes pitch training, networking opportunities with investors and corporates, secretarial and accounting support, and access to exclusive programmes.

The eligibility criteria for the SSGF programme have been revised from 1 June 2022.

Grant amount up to S$50,000 over a 12-month grant period.

• • First-time founders (i.e. have no prior Private Limited entity on ACRA)
  • They must be key decision makers and contribute significantly to the company’s success
  • Full-time or part-time employment is not allowed, and they must be able to commit full-time
  • Undergone entrepreneurship training
  • Minimum of 30% equity in the company collectively.
  • Minimum 51% of issued shares are owned by SC/PR

The Company

• • Must not have received any government funds for the same project in the past
  • Have at least $10,000 as paid-up capital on ACRA at the point of application to EnterpriseSG
  • Private limited entity registered in Singapore for less than 6 months

Through Startup SG Tech, companies may receive early-stage funding for the commercialisation of proprietary technology.

The Startup SG Tech grant fast-tracks the development of proprietary technology solutions and catalyses the growth of startups based on proprietary technology and a scalable business model.

Through Startup SG Tech, companies may receive early-stage funding for the commercialisation of proprietary technology.

Grant cap is as stated below:

i) POC up to S$250,000

ii) POV up to S$500,000

• • Registered in Singapore within the past 10 years at time of grant application;
  • At least 30% local shareholdings;
  • Company is not a subsidiary* of a corporate entity at point of incorporation;
  • Company’s group annual sales turnover is not more than $100 million or group employment size is not more than 200 workers; and
  • Core R&D activities to be carried out in Singapore
  • Your project should either be a Proof-of-Concept (POC); i.e. your solution is at the conceptualisation stage, and the technical/scientific viability still needs to be proven
  • Project or a Proof-of-Value (POV); i.e. you already have a technically/scientifically viable concept POC available), and you wish to carry out further development of a working prototype, to validate the commercial merit of an established concept.

*   A subsidiary is an entity where the parent corporate entity has more than 50% shareholding in the entity

Schemes under this pillar include: EntrePass, T-Up, Global Ready Talent Programme (GRT), Tech@SG Programme, Global Tech Talent Alliance (GTTA) and Innovation & Enterprise Fellowship Programme (IFP).

T-Up – Have a minimum of 30% local shareholding and an annual turnover of less than S$100 million/employee size of not more than 200 workers.

Global Ready Talent Programme (GRT)

Must be an ACE Startups Member, must be a tech startup less than 10 years old. Startup must be incorporated in Singapore.

Have a minimum of 30% local (Singaporean or Singapore P.R.) shareholding and less than 50% ordinary shares owned by other corporate entity.

Tech@SG – Incorporated a business entity in Singapore with the ACRA and have a digital or technology offering as its core business product or service.

As part of the Startup SG Equity scheme, the government will:

(i) Co-invest with independent, qualified third party investors into eligible startups; and

(ii) Invest in selected venture capital firms that will in turn invest into eligible startups.

SEED Capital and SG Innovate manages co-investments

General tech:

• • Investment cap up to S$2mil
  • Co-invest ratio
    • 7:3 for the first S$250,000
    • 1:1 up to S$2mil

Deep tech:

• • Investment cap up to S$8mil
  • Co-invest ratio
    • 7:3 first S$500,000
    • 1:1 from S$500,000 – S$1mil
    • 3:7 thereafter to S$8mil

• • Be a Singapore-based company with core activities carried out here.
  • Be incorporated as a Private Limited company for less than 10 years.
  • Have paid-up capital of at least $50,000.
  • Develops or processes innovation
  • Have high-growth potential with clear scalability for the international market.
  • Have identified a ready, independent third-party investor(s).
  • Company cannot be a subsidiary or joint venture.

As part of EnterpriseSG’s efforts to encourage startups to scale and access international markets, Startup SG Accelerator may also support the in-market programmes developed by startup enablers.

In addition, as part of ecosystem development, Startup SG Accelerator may also support global foreign startup enablers in setting up in Singapore.

Startup SG Accelerator will provide funding and non-financial support for these partners to further enhance their programs and expertise in nurturing successful Singapore-based startups.

• • Be accelerators, incubators or venture builders with a unique value proposition or specific programme(s) that has a strong track record in nurturing innovative startups in areas such as:
    • Access to markets and talents
    • Financing
    • Entrepreneurship training
    • Management guidance
    • Mentorship
• • Be willing to base their operations in Singapore to support Singapore-based startups.
  • Have a revenue model that will be sustainable in the long-term;
  • Have a proven management team with the necessary experience and expertise to groom innovative startups from their early stages into high-growth companies.

The loan amount is as stated below:

• • SME Working capital – up to S$500,000
  • SME Fixed Assets – up to S$30mil
  • Venture Debt – up to S$18mil
  • Trade Loan – up to S$10mil
  • Project Loan – up to S$50mil
  • Mergers & Acquisition – up to S$50mil

• • Is a business entity, registered and physically present in Singapore.
  • Has at least 30% local equity held directly or indirectly by Singaporean(s) and/or Singapore PR(s), determined by the ultimate individual ownership.
  • Company’s Group Annual Sales Turnover should not be more than S$500 million.
  • For “SME Working Capital” and “SME Fixed Assets”, the SME definition refers to Group revenue of up to S$100 million or maximum employment size of 200 employees.

The programme currently has three ongoing projects. They include:

• • LaunchPad@one-north
  • LaunchPad@Jurong Innovation District
  • Singapore Water Exchange (SgWX)

https://www.jtc.gov.sg/find-space/launchpad–onenorth

https://www.jtc.gov.sg/find-space/launchpad–jurong-innovation-district

https://www.pub.gov.sg/sgwx/about