Resources

We have consolidated some useful documents and links that might be of interest to start-ups based in Singapore.

STARTUP SG

STARTUP SG FOUNDER

Replacing the ACE Startups Grant with effect from 1 May 2017. Startup SG Founder encourages first-time entrepreneurs with innovative ideas to start new businesses through mentorship and financial support.

STARTUP SG ACCELERATOR

Replacing the Incubator Development Programme (IDP) with effect from 1 May 2017. Startup SG Accelerator supports accelerators and incubators to facilitate the growth of startups.

STARTUP SG EQUITY

Replacing the SPRING Startup Enterprise Development Scheme (SEEDS), Business Angel Scheme (BAS), Sector Specific Accelerators (SSA) program, Technology Incubation Scheme (TIS), iJam Tier 2 with effect from 1 May 2017.

Startup SG Equity increases government co-investment funding to stimulate more private sector investments in deep-technology. Deep-tech startups typically require long development paths and heavy capital expenditure. SPRING will increase the funding ratio of government co-investment for early-stage startups and increase the existing investment caps. A comparison of the current and new investment parameters under Startup SG Equity:

STARTUP SG TALENT

Fosters a more conducive environment for promising global talent to set up innovative businesses in Singapore and for startups to attract talent to be part of their team.

Schemes under this pillar include EntrePass, T-Up and SME Talent Programme (STP) Internship.

STARTUP SG TECH

Replacing the Technology Enterprises Commercialisation Scheme (TECS) with effect from 1 May 2017.

Startup SG Tech supports proof of value and proof of concept for commercialization of innovative technologies & enables startup to fast-tracks the development of proprietary technology solutions.

SPRING SINGAPORE

Capability Development Grant (CDG)
Enhanced funding support of up to 70 percent of qualifying project cost. Eligible for businesses registered and operating in Singapore with at least 30 percent local shareholding and group annual sales turnover ≤ S$100m or group employment of ≤ 200 employees.

Technology Enterprise Commercialization Scheme (TECS)
Provides early-stage funding for developmental efforts towards the commercialization of proprietary technology solutions. Eligible for start-up companies with core activities carried out in Singapore with at least 30 percent local shareholding and group annual sales turnover ≤ S$100m or group employment of ≤ 200 employees.

Innovation & Capability Voucher (ICV)
Entitlement of maximum eight vouchers valued at $5,000 each, to encourage SMEs to develop their business capabilities. Eligible for local SMEs registered and operating in Singapore with minimum 30 percent local shareholding and group annual sales turnover ≤ S$100m or group employment of ≤ 200 employees.

Inland Revenue Authority of Singapore (IRAS)

Productivity & Innovation Credit (PIC)
40% cash payout of up to S$100k and 400% tax allowances up to S$400k. Eligible for all businesses in Singapore, including sole proprietorships, partnerships, companies, registered branches and subsidiaries of a foreign parent or holding company.

Wage Credit Scheme (WCS)
Co-fund 20% of wage increases given to Singaporean employees earning $4,000 and below over the period of 2016-17.

International Enterprise Singapore (IE)

Market Readiness Assistance (MRA) Grant – IE Singapore
70% of qualifying costs, capped at S$20k per fiscal year. Eligible for SMEs anchored in Singapore with company annual turnover of less than S$100m.

Global Company Partnership (GCP) – IE Singapore
Up to 50% eligible third-party costs, from 1 Apr 2015 to 31 Mar 2018, SMEs get up to 70% funding support.

Info-Communications Media Development Authority of Singapore (IMDA)

iSPRINT – IMDA
Up to 70% of qualifying costs, capped at $20k. Eligible for local SMEs with minimum 30% local shareholding and group annual sales turnover ≤ S$100m or group employment of ≤ 200 employees.

General Agreements

Founders’ Agreement
A founders shareholder agreement is used as a foundation to get startup teams to commit to the shared venture as co-founders moving beyond ideation or concept phase to commitment phase.

Non-Disclosure Agreement
To sign with working partners. Not recommended to send to investors.

Employment Contract (Singapore)
A standard employment contract for employees meeting government requirements.

Investment related

Build a 1-page pitch deck
To entice investors, send 1 page to them. Then do a presentation deck when you meet them.

Term Sheet for angel round
A simplified term sheet for a friendly angel. Do not use this for seed investors and above.

Y Combinator’s SAFE (Simple Agreement for Future Equity) agreement
A flexible, one-document security without numerous terms that save startups and investors money in legal fees and reduce time spent negotiating the investment terms. It remains fair to both investors and founders and was positively reviewed by many of the top startup investors.

Company Secretary

Pack of Resolutions
If founders started a Pte Ltd on his own, he can be the company’s own secretary. Use this pack of 10 resolutions to start.

Open a Corporate Bank Account

UOB eBusiness Account

Initial deposit 1k, Minimum 5k float, do everything online.
UOB BusinessPLUS Account

Initial deposit 5k, Minimum monthly average balance 20k.
OCBC Business Entrepreneur Account

Initial deposit 3k, No minimum first 6 months, Minimum 5k float, do everything online.
OCBC Business Growth Account
Initial deposit 300, No monthly account fee, No minimum balance for first 6 months, Monthly average balance of 3k.

DBS Entrepreneur’s Account
Minimum 10k, waived for first 3 months, annual account fee apply thereafter.

Maybank FlexiBiz Account
Initial deposit 1k, No minimum balance.

AIA-Konica Minolta
For technology-focused startups with a passion for innovation & cutting-edge concepts that can take healthcare into a new dimension.

AirMaker
An IoT-focused cross-border accelerator program that connects start-ups with two of Asia’s most vibrant innovation ecosystems, Singapore & Shenzhen.

DBS HotSpot Pre-Accelerator
For all very early stage startups, bringing you from concept to launch.

Entrepreneur First
Supports engineers & computer scientists to build world-class tech companies from scratch.

The FinLab
Accelerates & develops FinTech startups changing our world today.

Joyful Frog Digital Incubator
Builds valuable, agile new businesses with entrepreneurs & enterprises

Modern Aging Singapore
Facilitates the creation of new, Singapore-based businesses that meet the needs of the elderly.

muru-D
A startup accelerator backed by Telstra that invests in great teams with innovative technology & global ambitions.

The Open Vault at OCBC
A team of hungry game changers focused on co-creating with FinTech Startups.

Rockstart
Offers a 150-days accelerator program for Web & Mobile, Digital Health & Smart Energy startups to fine-tune their businesses & prepare for global scaling

SPH Plug and Play
For media and/or technology startups looking for early-stage or seed-stage funding.

Starburst
The bridge between the heavily regulated, insular aerospace industry and innovative start-ups with new business models

Startupbootcamp Fintech Singapore
The Leading accelerator focused on financial innovation for early stage startups that have at least a beta product & a client base.

TAG.PASS
A pre-accelerator for startups to validate their business model, build their minimum viable product, gain traction and receive funding.

UNFRAMED
A social impact startup incubator, by entrepreneurs for entrepreneurs, in Asia.

Media

Tech In Asia

A media, events, and jobs platform on a mission to build and serve Asia’s tech communities.

e27

e27 is Asia’s largest Tech media platform.

Human Resources, Management, and Organization

CoFounders Lab
Connect, meet and collaborate with like-minded entrepreneurs.

Startup Jobs
Platform for Startups to connect the right talent fit within their business.

Entrepreneur Pass
Essential information for foreign entrepreneurs applying to work in Singapore.

Glints
An online talent recruitment and career discovery platform

Jobstreet
Asia’s leading online employment marketplaces.

Co-Working Spaces

Space@TRi5

71 Ayer Rajah Crescent #03-26, S139951

Office: +65 6778 2294

Mail: space@tri5.asia

Plugin@Blk71

71 Ayer Rajah Crescent #02-01, Singapore 139951

Office: +65 6874 1292

TNF Ventures

71 Ayer Rajah Crescent #06-01/02 and #04-23/24/25/26 Singapore 139951

Mail: info@tnfventures.com

The Working Capitol

1 Keong Saik Road, Singapore 089109

Office: +65 6805 4050

140 Robinson Road, Singapore 068907

Office: +65 6631 8472

Mail: ask@theworkingcapitol.com

ClubCoSingapore

27 Nankin St, #01-05/06 China Court, Singapore 048422

Office: +65 6221 8076

Mail: solutions@clubco.com.sg

Woolf Works

19 Carpenter Street, #05-01 Singapore 059908

Mail: hello@woolfworks.sg

The Refinery Workspace

115 King George’s Ave, Singapore 208561

Office: +65 62931204

Mail: colin@wearethegeneralcompany.com

The Co

75 High Street, Singapore 179435

Office: +65 6595 6288

99 Duxton Rd, Singapore 089543

Office: +65 6595 6288

Makespace

318C King George’s Avenue Makespace @ King George’s Building,

Singapore 208563

Office: +65 6293 6275

Mail: cowork@makespace.sg

Wotso Workspace

#04-01 The Quadrant, 19 Cecil Street, Singapore 049704

Office: +65 6653 5300

Trehaus

442 Orchard Road, #03-01 Singapore 238879

Office: +65 9843 8077

Mail: hello@trehauscowork.com

Just Co

120 Robinson Road #15-01 Singapore 068913

Office: +65 6812 5888

6 Raffles Quay #16-01 Singapore 048580

Office: +65 6812 7888

The Great Room

One George Street 1 George Street #10-01 Singapore 049145

Office: +65 6816 8000

Mail: hello@thegreatroomoffices.com

Sparkk Space

62 Ubi Road 1 Oxley Bizhub (Building 2) #03-17 Singapore 408734

Office: +65-6900-0212

Mail: info@sparkk-space.com

Collective Works

168 Robinson Road, #12-01 Capital Tower, Singapore 068912

Office: +65 6340 7200

Mail: contact@collective.works

100 Cecil Street, #10-01/02,The Globe, Singapore 069532

Office: +65 6225 0030

Mail: CecilStreet@collective.works

K+

Scotts Square #03-11/12/13 6 Scotts Road Singapore 228209

Office: +65 6694 8896

Mail: enquiries@kplus.sg

Collision 8

High Street Centre 1 North Bridge Road #08-08 Singapore 179094

Office: +65 6250 7888

Mail: info@collision8.com

the Hive Singapore

59 New Bridge Road Singapore 059405

Office: +65 6532 2119

Spacemob @ Claymore 8

Claymore Hill, #03-01 Singapore 229572

Office: +65 9858 2798

Spacemob Ascent

2 Science Park Drive #02-05, Singapore 118222

Office: +65 9858 2798

Impact Hub

128 Prinsep Street, #01-01, Singapore 188655
29A Cuppage Road, Singapore 229456

Mail: hub@thehub.sg