Friday, 12 December 2014

The A-Z of Singapore startup grants and schemes. Be your own boss now.

SPRING Start-up Enterprise Development Scheme (SPRING SEEDS)

SPRING SEEDS is another dollar-to-dollar co-funding scheme. It will match third-party investors up to S$1 million (US$770,000). The first round of contribution by SPRING SEEDS is usually capped at S$300,000 (US$232,000).

Technology Enterprise Commercialisation Scheme (TECS)

TECS is an initiative that funds R&D projects for early-stage startups, with the aim of developing technology that can be commercialized. The program is further split into two grants, depending on the maturity level of the technology. In total, a startup could get up to S$750,000 (US$579,000).

Technology Incubation Scheme (TIS)

TIS is another initiative by the NRF, this time targeting early stage startups. Together with partner venture capital firms, it matches up to 85 percent of the VC’s investment, with a cap of S$500,000 (US$385,000) per company. The investor can have the option to buy back NRF’s stake in the company in three years.
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