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.
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.
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.
To sign with working partners. Not recommended to send to investors.
Employment Contract (Singapore)
A standard employment contract for employees meeting government requirements.
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.
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
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.
For technology-focused startups with a passion for innovation & cutting-edge concepts that can take healthcare into a new dimension.
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.
Supports engineers & computer scientists to build world-class tech companies from scratch.
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.
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.
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.
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.
A pre-accelerator for startups to validate their business model, build their minimum viable product, gain traction and receive funding.
A social impact startup incubator, by entrepreneurs for entrepreneurs, in Asia.
Human Resources, Management, and Organization
Connect, meet and collaborate with like-minded entrepreneurs.
Platform for Startups to connect the right talent fit within their business.
Essential information for foreign entrepreneurs applying to work in Singapore.
An online talent recruitment and career discovery platform
Asia’s leading online employment marketplaces.
71 Ayer Rajah Crescent #03-26, S139951
Office: +65 6778 2294
71 Ayer Rajah Crescent #02-01, Singapore 139951
Office: +65 6874 1292
71 Ayer Rajah Crescent #06-01/02 and #04-23/24/25/26 Singapore 139951
1 Keong Saik Road, Singapore 089109
Office: +65 6805 4050
140 Robinson Road, Singapore 068907
Office: +65 6631 8472
27 Nankin St, #01-05/06 China Court, Singapore 048422
Office: +65 6221 8076
19 Carpenter Street, #05-01 Singapore 059908
115 King George’s Ave, Singapore 208561
Office: +65 62931204
75 High Street, Singapore 179435
Office: +65 6595 6288
99 Duxton Rd, Singapore 089543
Office: +65 6595 6288
318C King George’s Avenue Makespace @ King George’s Building,
Office: +65 6293 6275
#04-01 The Quadrant, 19 Cecil Street, Singapore 049704
Office: +65 6653 5300
442 Orchard Road, #03-01 Singapore 238879
Office: +65 9843 8077
120 Robinson Road #15-01 Singapore 068913
Office: +65 6812 5888
6 Raffles Quay #16-01 Singapore 048580
Office: +65 6812 7888
One George Street 1 George Street #10-01 Singapore 049145
Office: +65 6816 8000
62 Ubi Road 1 Oxley Bizhub (Building 2) #03-17 Singapore 408734
168 Robinson Road, #12-01 Capital Tower, Singapore 068912
Office: +65 6340 7200
100 Cecil Street, #10-01/02,The Globe, Singapore 069532
Office: +65 6225 0030
Scotts Square #03-11/12/13 6 Scotts Road Singapore 228209
Office: +65 6694 8896
High Street Centre 1 North Bridge Road #08-08 Singapore 179094
Office: +65 6250 7888
59 New Bridge Road Singapore 059405
Office: +65 6532 2119
Claymore Hill, #03-01 Singapore 229572
Office: +65 9858 2798
2 Science Park Drive #02-05, Singapore 118222
Office: +65 9858 2798
128 Prinsep Street, #01-01, Singapore 188655
29A Cuppage Road, Singapore 229456