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Startup SG Founders Grant

SUTD is an Accredited Mentor Partner of Enterprise SG. We recommend an equity-free innovation grant of up to $50,000 for ready teams with innovative business ideas; supporting first-time founders with mentorship and starting capital.
Eligibility

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.

Judging Criteria

  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.

Terms and Conditions

  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.

Application

  • We accept applications year-round.

  • Share your ideas with us via this link.

what’s next

Find out more

Frequently asked questions

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