Beginning A Biz? These 9 S’pore Startup Programmes Provide Funding And Mentorship Alternatives

Starting A Biz? These 9 S’pore Startup Programmes Offer Funding

From conceptualising an thought to hiring the precise expertise, it’s by no means straightforward to start out a enterprise.

Singapore is lauded as the most effective locations to start out a enterprise, and the great factor is, there are lots of out there schemes right here to assist new companies achieve a kickstart within the early levels.

In case you hold your eyes peeled, there are positively loads of funds and assets out there that may assist to provide what you are promoting that monetary jumpstart.

1. Startup Founder SG Programme

Picture Credit score: Startup Founder SG

Overseen by authorities company Enterprise Singapore (ESG), the Startup Founder SG Programme was first launched in 2017 to to supply capital grants and mentorship to first-time entrepreneurs.

In August, enhancements to the Startup Founder SG programme was introduced by the federal government.

Considered one of these enhancements is a brand new three-month enterprise constructing programme to assist entrepreneurs construct their startup.

Singaporean first-time entrepreneurs can now have entry to a grant of S$50,000, up from S$30,000 beforehand, to assist them kickstart their enterprise concepts.

candidates might discover out extra about their eligibility and apply for the Startup Founder SG Programme through their web site.

2. StartupSG Fairness

SME HorizonPicture Credit score: SME Horizon

Startup Fairness was set as much as catalyse extra investments into Singapore-based deep-tech startups in key rising sectors, together with superior manufacturing, pharmbio/medtech, and agri-food tech.

As a part of the Startup SG Fairness scheme, the federal government will co-invest with unbiased, certified third social gathering buyers into eligible startups.

The federal government had pledged an extra S$300 million to Startup Fairness on the Ministry of Commerce and Business (MTI)’s Committee-of-Provide 2020.

Following the MTI’s Committee of Provide 2020, the schemes shall be enhanced to extend the funding cap for deep-tech startups from the present S$four million to S$eight million and spend money on chosen enterprise capital companies that can in flip spend money on deep-tech startups.

candidates might discover out extra about their eligibility and apply for StartupSG Fairness through their web site.

three. StartupSG Tech

SingaporePicture Credit score: CIO.com

Startups can search early-stage funding to fast-track commercialisation of scalable in-house options with the Startup SG Tech programme.

The grants shall be awarded upon the completion of every milestone, in contrast to beforehand by reimbursement.

The grant can even carry an fairness part the place Enterprise Singapore could have the rights to train a share subscription — to domesticate better monetary self-discipline and a growth-oriented mindset that’s constant amongst venture-backed startups.

Startups could be required to inject a rise in paid-up capital of 10 per cent and 20 per cent of the grant for Proof-Of-Idea (POC) and Proof-Of-Worth (POV) tasks respectively.

The grant cap for POC will stay at S$250,000 and POV at S$500,000.

candidates might discover out extra about their eligibility and apply for StartupSG Fairness through their web site.

four. The Begin by StartupX

StartupXPicture Credit score: StartupX

The Begin is a 12-week pre-accelerator programme powered by StartupX in partnership with Temasek.

Over the 12 weeks, the startups will undergo an intensive curriculum and centered mentorship to refine their concepts and construct their prototypes right into a full-fledged enterprise.

Along with assist and mentorship, you stand up to S$15,000 value of assets and funding to kick begin what you are promoting and a chance to pilot your options with their companions.

Final yr, they introduced their first cohort of startups — a complete of 12 together with Thoughts Palace and StaffAny — to take part within the programme.

candidates might hold a lookout for his or her subsequent name for purposes.

5. Capabilities Improvement Grant (CDG)

Picture Credit score: PAP.com.sg

The Functionality Improvement Grant encourages and helps the continual skilled growth of the individuals who work in Singapore’s arts and tradition sector.

The grant defrays as much as 70 per cent of qualifying undertaking prices resembling consultancy, coaching, certification and gear bills. In different phrases, it may possibly assist your organisation otherwise you in coaching programmes.

The grant is ready to assist actions or programmes that span a period of not more than 12 consecutive months.

candidates might discover out extra about their eligibility and apply for Capabilities Improvement Grant through their web site.

6. raISE SG: VentureForGood Grant

raiSEPicture Credit score: Eco-Enterprise.com

The VentureForGood (VFG) grant is a funding scheme underneath the Singapore Centre for Social Enterprise, raiSE, to assist social enterprises in numerous levels of their enterprise.

New and current social enterprises who’re beginning up and/or increasing their operations to fulfill rising wants can apply for as much as $100,000 in grants.

The social enterprise must be addressing an area social hole/want via a number of consequence areas to be eligible.

candidates might discover out extra about their eligibility and apply for VentureForGood Grant through their web site.

7. Enterprise Enchancment Fund underneath Singapore Tourism Board

Gardens by the BayPicture Credit score: Borneo Put up On-line

The Enterprise Enchancment Fund (BIF) goals to encourage expertise innovation and adoption, redesign of enterprise mannequin and processes within the tourism sector to enhance productiveness and competitiveness.

Funding assist varies for Small Medium Enterprises (SMEs) and non-SMEs.

Profitable candidates will obtain funding assist for qualifying prices, topic to STB’s analysis of the scope and deserves of the undertaking.

candidates might discover out extra about their eligibility and apply for Enterprise Enchancment Fund through their web site.

eight. Antler

Antler Demo DayPicture Credit score: Antler

World VC & startup generator Antler is understood for mentoring startup founders and investing in promising startups.

All contributors get a person grant in the course of the first part of the programme to allow them to focus full-time on constructing their firm and merchandise.

They assist deliver collectively distinctive individuals that will help you discover the precise co-founder with a complementary talent set and experiences from your personal to construct your subsequent firm collectively.

After two months, Antler invests in chosen groups to kick-start their startup.

candidates might discover out extra about their eligibility and apply for Enterprise Enchancment Fund through their web site.

9. Develop Accelerator

Grow AcceleratorPicture Credit score: Develop

The Develop program is open to promising startups and later-stage scale-ups that may resolve Asia’s largest agri-food challenges.

A few of the assets you will get entry to underneath the programme is mentorship alternatives with trade specialists.

Startups also can entry their accomplice amenities together with world-class analysis labs, pilot manufacturing crops, and on-field testing.

In case you have an impactful answer, they make investments U$100,000 in money and one other US$100,000 of in-kind providers to assist your organization scale quickly and entry new markets.

candidates might hold a lookout for his or her subsequent name for purposes.

Discovering The Assist You Want

There are lots of methods you can fund your goals, from making use of to out there authorities schemes to pitching what you are promoting fashions to angel buyers or enterprise capitalists.

The Singapore authorities has been doing fairly effectively in extending assist to startups.

Apart from the low tax charges and the benefit of doing enterprise, Singapore has been attracting entrepreneurs from world wide right here with the provision of financing assets for startups.

If you’re trying to begin a enterprise, do make use of the out there grants and schemes on the market which might be specifically prolonged to facilitate the expansion of startups in Singapore.

Featured Picture Credit score: EFMD’s weblog

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