Venture, Innovation and Entrepreneurship (VIE) FAQ

Teams should complete the Create4Good Innovation Fund programme to satisfaction and be shortlisted by a panel to receive the funding.

Other eligibility criteria include:

1. Have at least 1 cofounding member with SUTD affiliation (current students, alumnus, researchers, past-program participants)
2. Team of between 3 and 5 members
3. Have not incorporated the project but has the intention to do so within the near future.

• We accept applications year-round.
• Share with us your ideas at entrepreneurship@sutd.edu.sg and we will get back to you.

1. Not have received funding from another government organisation (for the same business idea)
2. Not have received the Startup SG Founder grant before
3. Have minimum 51% of issued shares are owned by Singapore Citizen / Permanent Resident
4. Invest a co-matching amount of S$20,000 as paid-up capital on ACRA (Have at least $10,000 as paid-up capital on ACRA at the point of application to EnterpriseSG.

1. Differentiated Business – How novel the idea / product / business model / process is, compared to what is available in the market.
2. Feasibility of Business – Whether the revenue model is sustainable.
3. Management Team – Whether the founding team demonstrate the passion and entrepreneurial spirit, and have undergone entrepreneurship training for the relevant technical and business skill to execute the idea.
4. Potential Market Opportunity – How large the size of the target market is, and how the company intends to reach out to its customers segments.

At least 2 SC/PR applicants who

• Are first-time founders (i.e. have no prior Private Limited entity on ACRA).
• Are key decision makers and contribute meaningfully to the company.
• Are not employed externally and who are able to commit full time to the company.
• External employment is where employers, contribute CPF for their employees (apart from the entity recipient of the Startup SG Founder grant). Full-time National Service is considered employment.
• Full time commitment is not fulfilled if applicant is engaged in studies or part-time work (i.e. Students with ongoing academic commitments are not considered full-time committed to the company).
• Have undergone entrepreneurship training.
• Hold equity in the company, with a minimum of 30% collectively.

As our portfolio company, we aim to help you succeed. You will get priority to our range of incubation support from mentors, industry experts, venture partners, networking opportunities and introductions to potential investors.

No two start-ups are the same, the investment terms vary with each start-up. You can speak us to learn more.

We will be interested in your plans, markets, competitors and financial forecasts. To expedite discussion, you can share with us your start-up’s information through your data room.

If you have any questions regarding how to do up your data room, feel free to reach out to us at entrepreneurship@sutd.edu.sg!

The investment amount depends on several considerations including the amount that the start-up is looking to raise, the stage of development of the start-up and the start-up potential.