StartupSG Equity

Overview

As part of the Startup SG Equity scheme, the government will co-invest with independent, qualified 3rd party investors into eligible startups. This scheme aims to stimulate private-sector investments into innovative, Singapore-based technology startups with intellectual property and global market potential.

SEEDS Capital Pte Ltd (SSC) and SGInnovate have been appointed to manage the funds under Startup SG Equity.

Startup SG Equity has different investment parameters for general tech and deep tech startups:

Investment Parameters:
General tech Deep tech
Investment Cap for each startup $2M $4M
Co-investment ratio 7:3 up to $250K,

1:1 thereafter up to $2M
(only for SSC’s investments)

7:3 up to $500K,

1:1 thereafter up to $4M
(only for SSC’s investments)

Eligibility

Startups and investors may apply for Startup SG Equity. Each category has its own set of eligibility criteria.

Eligibility for startups:

Startups seeking government co-investment under Startup SG Equity should meet the following criteria:

  • Be a Singapore-based company with core activities carried out here.
  • Be incorporated as a Private Limited company for less than five years.
  • Have paid-up capital of at least $50,000.
  • Be able to prove substantial innovative and intellectual content for its products and/or services and applications.
  • Have high-growth potential with clear scalability for the international market.
  • Have identified a ready, independent third-party investor(s).
  • Business must not be involved in the following business activities: gambling, tobacco-related products, or any other activities which are in violation of law, or against public interest.
  • Company cannot be a subsidiary or joint-venture.

Eligibility for third-party investors:

To be eligible for co-investment, interested individuals or corporate investors should meet the following criteria:

  • The investor(s) must be able to contribute to the startup’s growth. The investor(s) should possess the management experience, relevant business contacts and/or necessary technical expertise that can value-add to the startup.
  • The investor(s) must be prepared to invest at least $50,000 each into each startup.
  • The investor(s) should not hold shares in the investee prior to the co-investment (for new investments).

Apply

About SEEDS Capital

SEEDS Capital (SSC), an investment arm of Enterprise Singapore, stimulates smart investments into innovative Singapore-based startups with strong intellectual content and global market potential. Through co-investments, SSC aims to catalyse investments into new, underserved but strategic sectors, in particular Advanced Manufacturing & Engineering, Health & Biomedical Sciences, and Urban Sustainability & Solutions. We also invest in emerging technologies such as Fintech, Artificial Intelligence, and Agritech. As part of Enterprise Singapore, we help our startups commercialize and expand globally, leveraging as well on the expertise and strategic networks of our co-investment partners in areas such as technology translation, commercialization and market expansion.

About SGInnovate

At SGInnovate, we believe that Singapore has all the resources and capabilities needed to tackle ‘hard problems’ that matter to people around the world. As a part of the robust startup ecosystem here, our mission is to enable ambitious and capable individuals and teams to imagine, start, build, and scale globally-relevant technologies. With the support of our partners, SGinnovate’s priority is to work with deeply-technical founders that have research-originated IP at the core of their company. We back these entrepreneurs through equity-based investments, access to talent, and support in building customer traction. We are prioritising our efforts around Artificial Intelligence, Robotics and Blockchain. These technologies represent impactful and scalable answers to global challenges. SGInnovate is a private-limited company wholly owned by the Singapore Government.

Applicants must submit a two-page executive summary and supporting documents of the business for a first-level assessment.

  • Business plan
  • Financial statements or management accounts
  • Business ACRA
  • Background of potential co-investor (if available)

You may email your documents to SEEDS Capital at seeds@enterprisesg.gov.sg or SGInnovate at investmentadmin@sginnovate.com.

You may also download the Startup SG Equity FAQs.

Partners

The following partners are appointed partners under Startup SG Equity.

For partners that focus on Advanced Manufacturing & Engineering, Health & Biomedical Sciences and Urban Solutions & Sustainability, the co-investment partner under Startup SG Equity is SEEDS Capital (SSC) .

For partners that focus on Services & Digital Economy, the co-investment partner under Startup SG Equity is SGInnovate.

Name of Appointed Partner Investment Stage Sectors of Focus Contact Information
1 Armstrong Industrial Corporation Seed to Series A Advanced Manufacturing & Engineering; Health & Biomedical Sciences Contact Person(s): Phyllis Ong; Kenneth Ling
Email: phyllis.ong@armstrongasia.com; kenneth.ling@armstrongasia.com
Website: www.armstrongasia.com
2 C31 Ventures Series A to C Services & Digital Economy Contact Person: Ervin Lim
Email: c31ventures@capitaland.com
Contact Number: 6713 2888
Website: www.capitaland.com/international/en/about-capitaland/our-business/c31-ventures.html
3 Clearbridge BSA Seed to Series A Health & Biomedical Sciences Contact Person: Johnson Chen
Email: johnson@clearbridgebsa.com
Website: www.clearbridgeaccelerator.com
4 Cocoon Capital Seed Services & Digital Economy Contact Person: Michael Blakey
Email: michael@cocooncap.com
Website: cocooncap.com/
5 Decacorn Partners Seed to Series A/B Services & Digital Economy Contact Person: Abhijit Banerjee
Email: funding@decacorncapital.com
Contact Number: 9839 1480
Website: www.decacornpartners.com
6 Dymon Asia Ventures Seed to Series B Services & Digital Economy Contact Person: Jennifer Ho
Email: ventures@dymonasia.com
Contact Number: 6705 1666
Website: www.dymonasiaventures.com/
7 Gobi Partners Seed to Growth Stage Services & Digital Economy Contact Person: Teng Teng Lee
Email: mail@gobi.vc
Contact Number: 6640 3986
Website: www.gobivc.com/en
8 Green Meadows Accelerator Seed to Series A Advanced Manufacturing & Engineering; Urban Solutions & Sustainability Contact Person: Margaret Ong
Tel : 8157 8515
Email: margaretong@gmaccelerator.com
Website: www.gmaccelerator.com
9 HealthXCapital Seed to Series A Health & Biomedical Sciences Contact Person: Seemant Jauhari
Email: seemant@healthxcapital.com
Website: www.jungle-ventures.com/
10 Heritas Capital Management Early to Late Stage Health & Biomedical Sciences Contact Person: Chik Wai Chiew
Email: chikwaichiew@heritas.com.sg
Contact Number: 6716 0500
Website: www.imcgroup.info/our-business/investments/
11 Incuvest-Avior Seed to Series A Advanced Manufacturing & Engineering Contact Person: Bernard Shum; Rachel Lei
Email: bernard@incuvest.asia; rlei@avior-capital.com
Website: www.incuvest.asia
12 Jungle Ventures Series A to B Services & Digital Economy Contact Person: Yashaswi Sankrityayan
Email: info@jungle-ventures.com
Website: www.jungle-ventures.com/
13 Jungle Ventures (IOTPlus) Seed to Series A Advanced Manufacturing & Engineering Contact Person: Chirayu Wadke
Email: chirayu@jungle-ventures.com
Website: www.jungle-ventures.com/
14 Med-Tech Alliance Seed to Series A Health & Biomedical Sciences Email: ask@mtasingapore.com
Website: www.mtasingapore.com/
15 Millennia-VFT Ventures Seed to Series A Urban Solutions & Sustainability Contact Person(s): Seah Kiat Seng; Liaw Kok Eng
Email: kseah@millennia.com.sg; kel@vftventures.com
16 Mojo Partners Early to Late Stage Services & Digital Economy Contact Person: Damien Lim
Email: info@mojo.partners
Contact Number: 6731 5975
Website: www.mojo.partners
17 Monk’s Hill Ventures Series A to B Services & Digital Economy Contact Person: Chow Yee Hoong
Email: reach.us@monkshill.com
Contact Number: 6514 0015
Website: www.monkshill.com/
18 MTA2 Seed to Series A Advanced Manufacturing & Engineering; Health & Biomedical Sciences Contact Person: Lee Wei Kang, Andrew Kwa, Samuel Chen
Email: wklee@dornier.com; andrew.kwa@gmail.com; samuel.chen@edis.sg
Website: www.accuronmedtech.com; www.edis.sg
19 NSI Ventures Series A Services & Digital Economy Contact Person: Ian Sikora
Email: ian.sikora@nsgroup.com
Contact Number: 9656 4516
Website: www.nsi.vc/
20 Pix Vine Capital Seed to Series A Services & Digital Economy Contact Person: Chou Fang Soong
Email: fangsoong@pixvc.com
Contact Number: 6559 4670
Website: www.pixvc.com/
21 Qualgro Partners Series A to B Services & Digital Economy Contact Person: Jason Edwards; Claire Ong
Email: jason.edwards@qualgro.com; claire.ong@qualgro.com
Website: www.qualgro.com/
22 Silicon Solution Partners Seed to Series A Advanced Manufacturing & Engineering Contact Person: David Ng
Email: david_ng@sspartners.co
Website: www.sspartners.co
23 Small World Accelerator Seed to Series A Advanced Manufacturing & Engineering; Urban Solutions & Sustainability Contact Person: Frank H. Levinson; Chong Chiet Ping
Email: frank.levinson@gmail.com; chietping.chong@gmaccelerator.com
24 Supply Chain Angels Seed to Series A Services & Digital Economy Contact Person: James Ong
Email: james@SCAngels.com.sg
Contact Number: 6417 2608
Website: scangels.com.sg
25 TNB-Enterprise Singapore Seed to Series A Advanced Manufacturing & Engineering Contact Person: Vicknesh R Pillay
Email: info@tnb.vc
Tel: 6438 5616
Website: www.tnb.vc
26 TNF Ventures Seed and Pre-Series A Services & Digital Economy Contact Person: Frank Lee
Email: info@tnfventures.com
Contact Number: 6777 7022
Website: www.tnfventures.com
27 Trendlines Medical-K2 Global Early to Late Stage Health & Biomedical Sciences Contact Person: Eric Loh; Ozi Amanat
Email: eric@trendlines.com; ozi@k2globalvc.com
Website: www.trendlines.com; k2globalvc.com
28 TRIREC Seed to Series A Urban Solutions & Sustainability Contact Person: Melvyn Yeo
Email: melvyn.yeo@trirecpl.com
Tel: 6235 3738
Website: www.trirec.co
29 tryb Group Seed, Venture Building and Late Stage Services & Digital Economy Contact Person: Michelle Huang
Email: info@trybgroup.com
Contact Number: 9817 3805
Website: trybgroup.com
30 ACP (previously known as Velocity) Pre-Series AA to Series B Services & Digital Economy Contact Person: Shobhit Agrawal
Email: sa@acpven.com
Contact Number: 8540 7392
Website: www.vxl.sg
31 Venturecraft Group Early to Late Stage Health & Biomedical Sciences Contact Person: Isaac Ho; Ong Jeong Shing
Email: isaac@venturecraft.vc; ongjs@venturecraft.vc
Website: www.venturecraft.vc
32 Vickers Venture Partners Seed to Series B Services & Digital Economy Contact Person: Terence Sim
Email: terence.sim@vickersventure.com
Contact Number: 6717 6666
Website: www.vickersventure.com
33 Wavemaker Partners Seed to Series A Advanced Manufacturing & Engineering; Services and Digital Economy For AME-related queries
Contact Person: Gavin Lee
Email: gavin@wavemaker.vc
For SDE-related queries
Contact Person: Joel Ang
Email: joel@wavemaker.vc

Website: wavemaker.vc

34 Zicom MedTacc Seed to Series A Health & Biomedical Sciences Contact Person: Sim Kok Hwee
Email: medtacc@zicomgroup.com