Startup SG Tech

Startup SG Tech suppots Proof-of-Concept (POC) and Proof-of-Value (POV) projects for commercialisation of innovative technologies.

For Proof-of-Concept (POC) projects: Support of up to S$250,000
For Proof-of-Value (POV) projects: Support of up to S$500,000

You are:

• A startup company with core activities carried out in Singapore.
  
   

You need to:

• Be registered for less than 5 years at time of grant application;
• Have at least 30% local shareholding;
• Have group annual sales turnover of not more than S$100 million or group employment size of not more than 200 workers.

• Clearly demonstrate how science/technology is applied.
• Be of a breakthrough level of innovation such as a distinctly different or new technology which either 
  (i) has the potential to disrupt an existing market or 
  (ii) create a new market/purpose/niche.
• Lead to or build on proprietary know-how/IP.
• Be commercially viable.

• The solution is at the conceptualisation stage, and the technical/scientific viability still needs to be proven.
• The application clearly explains the innovative science or technology concept behind the solution.
• Individual applicants from public sector research institutes must demonstrate entrepreneurial commitment to continue their technology commercialisation work upon successful completion of the project.

• Need to show the technology concept you are building on, and the commercial merit to be validated. 
• Required to demonstrate proof-of-interest from a potential customer or 3rd party investor, and the necessary business competencies to execute the project.

• To maintain financial discipline, startups will be required to inject an increase in paid-up capital of 10% and 20% of the grant for POC and POV respectively. 
• The increase in paid-up capital replaces prior restrictions on the supportable costs. 

Stage 1 (Registration of Interest)

• Submit a summary of the proposed project;
• Download and complete the Interest Form*;
• Email your completed form to enquiry@enterprisesg.gov.sg;
• Enterprise Singapore (ESG) will inform you of your project’s eligibility.

Stage II (Application and Evaluation)

• Accepted application will be invited to ESG for a formal application*;
• Proposals are assessed for their innovativeness, technical feasibility and commercialisation potential.

Stage III (Final Panel Evaluation)

• Both POC and/or POV shortlisted applicants from Stage II will present their proposals to a final evaluation panel comprising of industry experts.
• The decision of the evaluation panel is final.

*Refer to "Documents you will need for your application" for more details.

Stage 1

• Summary of proposed project;
• Completed Registration of Interest Form.

Stage 2

• Cost breakdown;
• Completed Startup SG Tech Proposal Template.