Funding

Funding

There are various funding for start-ups and young companies. The funding objectives range from kick-starting the business to improving efficiency and capability development. Deserving ideas and plans can tap on external grant for implementation.

If you have any queries on funding, you could write to Entrepreneurship@SingaporeTech.edu.sg

Startup SG Founder Grant

This grant replaces the former ACE Startup Grant. 

Startup SG Founder aims to provide mentorship support and startup capital grant to first-time entrepreneurs with innovative business concepts. The scheme provides up to $30,000 by matching $3 to every $1 raised by the entrepreneur. 

SPRING will fund the startups through Accredited Mentor Partners (‘AMPs’). These appointed partners will select 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. 

The AMP will decide on appropriate milestones together with the applicant. Their recommended application and milestones will be surfaced to SPRING for vetting and approval. The grant will be disbursed in 2 tranches based on agreed project milestones over 12 months.

 

For details, please click here.

Startup SG Tech Funding

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.

Startup SG Tech supports Proof-of-Concept (POC) and Proof-of-Value (POV) for commercialisation of innovative technologies. Companies may apply for POC or POV grants depending on the stage of development of the technology/concept. Startup SG Tech is a competitive grant.

For details, please click here.

Innovation & Capability Voucher

The Innovation & Capability Voucher (ICV) is a $5,000 voucher to encourage SMEs to develop their business capabilities. 

SMEs can use the voucher to upgrade and strengthen their core business operations through consultancy in the areas of innovation, productivity, human resources and financial management. Apart from consultancy, ICV also supports SMEs in the adoption and implementation of pre-scoped Integrated Solutions to improve business efficiency and productivity.

Each SME is entitled to a maximum of eight vouchers. Each ICV project must be completed before the submission of a new application. The duration for each project should not exceed six months.

For details, please click here.