StartupSG Founder

Overview

Startup SG Founder provides mentorship and startup capital grant to first-time entrepreneurs with innovative business ideas. Enterprise Singapore will match $3 for every $1 raised by the entrepreneur.

Enterprise Singapore has appointed Accredited Mentor Partners (AMP) that will identify qualifying applicants based on the uniqueness of business concept, feasibility of business model, strength of management team, and potential market value. Upon successful application, the AMP will assist the startups with advice, learning programs and networking contacts.

Eligibility

Apply for Startup SG Founder through an Accredited Mentor Partner (AMP). Applicants will need to complete the Startup SG Founder Application Form and submit it to their selected AMP for consideration. If the AMP assesses that the applicant has met the eligibility and evaluation criteria, the AMP can recommend the application to Enterprise Singapore, together with appropriate milestones for disbursement of grant amounts. Enterprise Singapore will inform the applicant and AMP on the application status for the grant.

The grant is open to all Singaporeans/Permanent Residents who are first-time entrepreneurs. In addition, the applicant would need to adhere to the following conditions at the time of application:

  1. Applicant(s) must hold or propose to hold at least 30% equity in the underlying company;
  2. The company must have at least 51% of local shareholding and not be incorporated for more than six (6) months at the point of application to Enterprise Singapore;
  3. The applicants must not have registered or incorporated any business entity;
  4. The applicants must not have received any funding for the proposed business idea from another government organisation.

Approved applicants must dedicate a reasonable amount of their time on the business and must be a key decision maker in the company. The applicants must also commit full-time to the company and not be in any other employment from the time they accept the terms and conditions of the Letter of Offer. Please note that a key criterion for assessment is on how different or novel the idea/product/service/business model/process is compared to what is available in the market.

Apply

Startup SG Founder can only be applied for through an Accredited Mentor Partner (AMP). The list of AMPs is available on the “Partners” tab.

Incomplete applications will not be addressed.

The list of documents required are:

  1. Completed and signed application form
  2. ACRA e-statement (to declare that main applicant is a first time entrepreneur)*
  3. Business plans, CVs of management team (Optional)

* You do not need to incorporate a company to apply for this grant, otherwise it should not be incorporated for more than six (6) months at the point of application to Enterprise Singapore.

 

Partners

Enterprise Singapore has conducted 2 Call-for-Partnerships to appoint Startup SG Founder Accredited Mentor Partners (AMPs), with the first Call-for-Partnership conducted between 22 March 2017 to 17 April 2017, and the second Call-for-Partnership taking place from 1 February 2018 to 1 March 2018.

AMPs will be assessed on the strength of their incubation and management team, programme quality and operational sustainability. This would include the AMPs’ track record grooming startups, the overall quality of mentors as well as their access to markets and funding.

AMPs may take up to 50% equity in the startup. Startups should approach AMPs for more details on their equity terms.

The AMPs are:

Incubator: Action Community For Entrepreneurship (ACE) Ltd.
Company: Action Community For Entrepreneurship (ACE) Ltd.
Contact information amp@ace.org.sg Services offered in kind

  • Structured mentorship – BACECAMP.
  • Business and funding networks
  • Priority invites to ACE’s programmes and initiatives
Sector focus Sector Agnostic
Possible investment No
Possible equity No
Incubator: Advanced New Technology Incubator (ANTI)
Company: ANTI Pte. Ltd
Contact information hello@anti.com.sg Services offered in kind

  • Co-working/incubation space
  • Machining
  • Engineering
  • Design and testing
  • Manufacturing and assembly
  • Prototyping
  • Shared services (e.g. finance, web design)
Sector focus Hardware, robotics, automation
Possible investment Yes
Possible equity Yes
Incubator: Focustech Ventures
Company: Focustech Ventures Pte Ltd
Contact information amp@focustechventures.com Services offered in kind

  • Free hosting credits (AWS & Softlayer)
  • Payment credits (Paypal & Braintree)
  • Discounted prototyping & engineering support (software & hardware NRE)
Sector focus IoT, advanced manufacturing, robotics, AI/ML, AR/VR
Possible investment Yes
Possible equity Yes
Incubator: JCS Venture Lab
Company: JCS Venture Lab Pte. Ltd.
Contact information enquiry@jcsvl.com.sg Services offered in kind

  • Talent resource from JCS Group (Engineers, Industrial and Graphic Designers etc)
  • Advisory from founders and mentors
  • Back office functions (Accounting, Liaison with Corporate Secretary, Human Resource, and other administrative matters)
  • Office Space at Science Park, Prototyping and Assembly Space at Woodlands, Inventory or Warehouse Space at Woodlands
Sector focus Advanced manufacturing and engineering
Possible investment Yes
Possible equity Yes
Incubator: NTUitive
Company: Nanyang Technological University – Ntuitive Pte.Ltd.
Contact information ntuitiveinfo@ntuitive.sg Services offered in kind

  • Business Mentorship
  • Grant Advisory
  • Legal Clinic
  • Publicity Support
  • Event Support
  • Market Access Support
Sector focus Advanced manufacturing and engineering, health and biomedical sciences, urban solutions and sustainability, services and digital economy
Possible investment No
Possible equity No
Incubator: NUS Enterprise
Company: NUS Ventures Pte. Ltd.
Contact information enterprise@nus.edu.sg Services offered in kind

  • Mentorship
  • General advice on corporate secretarial, accounting, legal matters.
  • Networking
  • Workshop, seminars, business clinics
Sector focus IoT, Deep Tech, AI, fintech, hardware, software
Possible investment Yes
Possible equity Yes
Incubator: SMU Institute of Innovation & Entrepreneurship (IIE)
Company: Singapore Management University
Contact information incubation@smu.edu.sg Services offered in kind

  • Downtown Co-working Space at SMU
  • Professional Services and Resources Support e.g. Legal, Accounting, Cloud Hosting
  • Mentor Office Hours
  • Entrepreneur-in-Residence
  • Founders’ Masterclass Series
  • Support to participate in Overseas Startup Competitions
  • Support to attend industry Events and Exhibitions
  • Facilitated access to startup talents, SMU interns, and professorial support from SMU
  • Demo Day
  • Access to Investors Network
  • Invitation to Networking Events
  • Startup Events
Sector focus Fintech, cyber security, data analytics and artificial intelligence, Smart City innovations, transportation and logistics
Possible investment Yes
Possible equity No
Incubator: Quest Ventures
Company: QuestVC Pte. Ltd
Contact information amp@questventures.com Services offered in kind
Please visit the Quest Ventures website to view the full list of Quest Family Benefits.
Sector focus Digital commerce
Possible investment Yes
Possible equity Yes
Incubator: AIRmaker
Company: RIA Venture Capital Pte. Ltd.
Contact information ask@airmaker.sg Services offered in kind

  • Free co-working space
Sector focus IoT (in the area of smart cities and digital health)
Possible investment Yes
Possible equity Yes
Incubator: Spaze Ventures
Company: Spaze Ventures Pte. Ltd.
Contact information info@startupspaze.com Services offered in kind

  • AWS credits
  • Google Cloud Platform (GCP and Firebase credits)
  • Braintree (preferential rates for Spaze portfolio)
  • Ambition (hiring / talent acquisition) (preferential rates for Spaze portfolio)
  • Discounts / Perks from Corporate Partners (for Spaze portfolio)
  • Company incorporation
  • Digital marketing services
  • Accounting
Sector focus Financial Services/fintech, healthcare, education, e-commerce, logistics, big data, enterprise solutions, IoT
Possible investment Yes
Possible equity Yes
Incubator: Trendlines Medical
Company: Trendlines Medical Singapore Pte. Ltd.
Contact information info-med-singapore@trendlines.com Services offered in kind

  • Mentorship and support
  • Technology development
  • Business development
  • Clinical and regulatory strategies
  • Finance
  • Marketing communications support
  • Help to prepare and achieve fundraising in support of startup’s corporate development plans
Sector focus Medical devices, medical technology
Possible investment Yes
Possible equity Yes
Incubator: TNB Ventures
Company: TNB Ventures Pte. Ltd.
Contact information applications@tnb.vc Services offered in kind

  • Free office working space
  • Providing infrastructure combined support of >$200,000 worth of credits (including Stripe, Amazon web services, IBM Global Entrepreneur, Funbie studios, Microsoft BizSpark and FbStart from Facebook)
  • Access to our network of corporate partners within Smart City (please contact for further information)
  • Participate in our corporate innovation program where relevant startups/technologies are matched to our corporate partners with specific needs/challenge areas
  • Go-to-market platform for startup to commercialise and testbed/pilot solutions
  • Part of the corporate innovation program includes pitching directly to the demand-drivers at Demo Day, mentorship from industry experts and networking with potential business partners
  • Guidance from our established network of over 30 mentors including established entrepreneurs, business leaders, industry veterans and technologists
  • Invitations to our host of many workshop and networking events
Sector focus IoT, AR/VR, robotics, machine learning/AI
Possible investment Yes
Possible equity Yes
Incubator: TRIVE
Company: Tri5 Accelerator Pte. Ltd.
Contact information Please visit the Trive website for more information. Services offered in kind

  • Business and Technical mentorship from 70+ mentors on NEXT50.sg.network
  • Go-to-market entry into Malaysia and Vietnam
  • Networking connections to developers in SG and VN
Sector focus Any non-traditional business
Possible investment Yes
Possible equity Yes
Incubator: August Global Asset Management (f.k.a. Velocity Accelerator)
Company: August Global Asset Management Pte. Ltd. (f.k.a. Velocity Accelerator Pte. Ltd.)
Contact information sa@acpven.com Services offered in kind

  • Mentorship
  • Business matching
  • Co-working/incubation space
  • Business support functions
  • Market catalyst programmes
Sector focus FinTech, security, healthtech, edtech, agritech, big data
Possible investment Yes
Possible equity Yes
Consortium appointment
Led by Ngee Ann Polytechnic, the consortium comprises members including Singapore Polytechnic and Temasek Polytechnic, and will support startups through Pollinate, a Joint Polytechnic Incubator Initiative
Contact information pollinate@np.edu.sg Services offered in kind

  • Talent Support
  • Mentorship
  • Overseas Support (where possible)
  • Networking
  • Seminars & Workshops
Sector focus General tech
Possible investment No
Possible equity No
Incubator: AMP @ BWG Academy
Company: BWG Services Pte Ltd
Contact information pingadmin@bwgworks.com Services offered in kind
A Not-For-Profit Platform for the Entrepreneur to validate their business idea, hone business critical skills and to engage with the right resource(s) for their startup journey.

  • Evaluation & Assessments
  • ”Parking Lots”
  • Mentoring
  • Business Skills 101
  • MVP Project Funding
  • Networking Events
  • Follow-on Incubation Programs
Sector focus Sector Agnostic
Possible investment Yes
Possible equity Case-by-Case
Incubator: A*STARTCENTRAL
Company: ETPL
Contact information ask_asc@etpl.sg Via A*STARTCENTRAL:.

  • Mentorship and X-in-Residence
  • Technology development with inputs from A*STAR research institutes
  • Business development, including overseas market expansion
  • Legal and IP support and strategies
  • Clinical network and regulatory road mapping
  • Financial forecasting and planning
  • Fund raising network and support, including residence partners
  • Marketing communications and publicity
  • Facilities in Blk 79, Ayer Rajah Crescent, including wet-lab, hardware prototyping lab, event space and office space.
Sector focus Deep Technology in the areas of:

  • Medical technology, including medical devices, therapeutics and digital health
  • Biotechnology
  • Advanced manufacturing including robotics
  • Electronics Data system, including IOT
  • Digital Technology, including AI and analytics
Possible investment Yes
Possible equity Yes
Incubator: Found
Company: Found
Contact information amp@found.us Services offered in kind: .

  • Customised company & founder development programs including mentorship and workshops based around real time company needs
  • Potential for investment up to $100,000 SGD
  • Up to $200,000 SGD in free of discounted business services
  • Co-working space in vibrant entrepreneurial community
  • Introductions to investors, customers, and partners
Sector focus Agnostic
Possible investment Yes
Incubator: SIFOOD
Company: Sifood Pte. Ltd.
Contact information hazel.c.lim@gmail.com Services offered in kind: .

  • Mentorship and guidance from managing partners with decades of relevant experience
  • Business development advisory
  • Access to broad international network across multiple industries e.g. MNC’s, government agencies, research institutions
  • Market access support and platforms to pitch to potential investors and customers
Sector focus Food-tech, agri-tech, clean-tech, healthcare
Possible investment Yes
Possible equity Yes
Incubator: Singtel Future Makers
Company: Singtel
Contact information csr@singtel.com Services offered in kind (as part of our yearly run of Singtel Future Makers programme): .

  • Competency workshops
  • Mentoring & coaching
  • Community events and networking
  • Partner network
  • Possible regional collaboration and business access for relevant start-ups
Sector focus Social and Environmental Impact
Possible investment Yes
Possible equity No
Incubator: Budding Innovations
Company: Budding Innovations Pte. Ltd.
Contact information Applications@budinno.com Services offered in kind: .

  • Talent Development
  • Workspace embedded with business and tech experts
  • Market access
  • Developer access
  • Funding strategy support
  • Application development and Go-to-Market advice
  • Lab space access
  • Prototyping expertise
Sector focus Health Tech, Lifestyle Tech, Food, Nutrition, Diagnostics, MedTech, CleanTech, Advanced Materials
Possible investment Yes
Possible equity Yes
Incubator: ImpacTech
Company: ImpactTech Pte Ltd
Contact information info@impactech.com Services offered in kind: .

  • Mentorship
  • Business consulting
  • Funding networks
  • Global expansion via ImpacTech network and regional operations
  • Priority access to ImpacTech programmes
  • Grant advisory
  • General advice on company formation and legal matters
  • AWS credits
  • Access to ImpacTech network of investors, corporates and experts
Sector focus Sector Agnostic
Possible investment Yes
Possible equity Yes
Incubator: Mencast Innovation Centre
Company: Mencast Innovation Centre Pte Ltd, Part of Mencast Holding Group of Companies
Contact information info@mencast.com.sg Services offered in kind: .

  • Mentorship and support
  • Access to Business and funding networks
  • Back office functions (Accounting, Liaison with Corporate Secretary, Human Resource, and other administrative matters)
  • Office Space, Waterfront, Engineer, Machining workshop
  • Access to Houston Technological Center Asia
Sector focus Energy Technology, Life and Agricultural Science, Nano Technology, Industrial Information Technology.
Possible investment Yes
Possible equity Yes
Incubator: Rakuten Accelerator
Company: Techstars
Contact information oko.davaasuren@techstars.com
Dennis.list@techstars.com
Services offered in kind: .

  • Access to Techstars’ global network of founders, mentors, investors, community leaders and expertise
  • Access to expertise, network and opportunities provided by Rakuten and Viber
Sector focus Social messaging technologies, with a focus on the Viber application
Possible investment Yes
Possible equity Yes
Incubator: First Stop
Company: Startup-O
Contact information anuj@startup-o.com
vandana@startup-o.com
Services offered in kind: .

  • Pitch Training
  • Legal Assistance
  • Web Hosting Services
  • Digital Marketing Training
  • Video Animation
  • Rapid Prototyping
  • Developer Resources
  • Voice Coaching
  • Mentoring
  • Idea Assessment
Sector focus Consumer Tech, A.I., IOT, Fintech, Med Tech, SaaS
Possible investment Yes
Possible equity Yes
Incubator: INNOVATE 360 Incubator
Company: Cheng Yew Heng Candy Factory Pte Ltd
Contact information startup_amp@innovate360.sg “A community to help create a sustainable multifaceted ecosystem to inspire and lead innovation in the foodscape.”
Services offered in kind: .

  • Singapore’s first food manufacturing Incubator
  • Co-working
  • Co-sharing
  • Industry Mentors
  • Affiliate Partners
  • Leverage on Cheng Yew Heng’s strengths to be successful
  • Part of Sino-Singapore Innovation Alliance
Sector focus Food and related Manufacturing & Technology
Possible investment Yes
Possible equity Yes
Incubator: Innosparks Pte.Ltd
Company: ST Engineering – Innosparks Pte Ltd
Contact information contact.innosparks@stengg.com Services offered in kind: .

  • Mentorship
  • Engineering, Product Design & Marketing support
  • Access to prototyping lab
  • Co-working space
  • AWS credits
  • Access to business network
Sector focus Smart Cities (with focus on Security & Management, Energy & Environment, Mobility & Transport) and Healthcare
Possible investment Yes
Possible equity Yes
Incubator: Mistletoe
Company: Mistletoe Singapore Pte Ltd
Contact information By invite only Services offered in kind: .

  • Mentorship
  • Co-founding
  • Startup-ecosystem building
Sector focus New City Design, Permaculture, Token Economy, Life-long, Learning, Preventive healthcare and Sustainability
Possible investment Yes
Possible equity Yes

Resources

Here are the resources available for Startup SG Founder.

Startup SG Founder application form – Startup-SG-Founder-Application-Form Excel, 120kb

Startup SG Founder FAQ – Startup-SG-Founder-FAQ Doc, 66kb