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Startup SG Founder

This programme provides first-time entrepreneurs with mentorship support and startup capital grant.
Benefits
  • Mentorship and capital grant to first-time entrepreneurs;
  • Enterprise Singapore (ESG) will match $3 for every $1 raised by the entrepreneur.
Eligibility

You are:

  • A Singaporean or Singapore Permanent Resident (SPR) who is a first-time entrepreneur with a novel idea.

 

You need to:

  • Hold or decide to hold at least 30% equity in the underlying company;
  • Ensure that the company has at least 51% of local shareholding and has not been incorporated for more than 6 months at the point of application to ESG;
  • Dedicate a reasonable amount of your time to the business and must be a key decision maker in the company;
  • Commit full-time to the company and not be in any other employment from the time you accepted the terms and conditions of the Letter of Offer.
    Critical information

    You must not have:

    • Registered or incorporated any business entity.
    • Received any funding for the proposed business idea from another government organisation.
    What to expect when applying
    • Complete the Startup SG Founder Application Form and submit it to your selected Accredited Mentor Partners (AMP) for consideration.
    • If the AMP assesses that you have met the eligibility and evaluation criteria, you will be recommended to ESG, together with the appropriate milestones for grant disbursements.
    • Incomplete applications will not be addressed.
    Documents you'll need for your application
    • Completed and signed Startup SG Founder Application Form,
    • ACRA e-statement (to declare that main applicant is a first-time entrepreneur)1,
    • Business plans, CVs of management team (Optional).

    1. You do not need to incorporate a company to apply for this grant, otherwise the company should not be incorporated for more than six (6) months at the point of application to ESG.

    Useful links
    For more details: StartupSG Founder

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