Startup SG Equity Grant

Startup SG Equity Grant

Grant Agency: SPRING

Official Site: https://www.spring.gov.sg/Nurturing-Startups/Pages/Startup-SG-Equity.aspx


Grant Description

Aim(s): 

  • Encourage investments from the private sector into technology based Singapore startups that have intellectual property and the potential to grow

Types of funding: 

  • General tech
    • entitled to a max of S$2 million of grant
  • Deep tech
    • entitled to a max of S$4 million of grant

For this grant, the government will co-invest with third party investors into startup firms.


Qualifying Criteria

Criteria for SMEs: 

  • Singapore registered business with important business activities being carried out in Singapore
  • Private Limited company incorporated in less than 5 years
  • Have paid-up capital of more than $50,000
  • Potential for international growth
  • Have several third-party investors in mind
  • Not a joint-venture or a subsidiary
  • Proof of innovative and intellectual content for products, services and applications is provided
  • Business should not involve activities which are unlawful or are against public interest

Criteria for potential third-party investors: 

  • Possess the management experience, relevant business contacts and/or necessary technical expertise that can help the start ups
  • Willing to invest at least S$50,000 for each startup

Application Guide

Step 1
For assessments, you are required to submit the following documents:
  • Company business plan
  • Company bizfile from ACRA
  • Financial statements and management accounts of your business
  • Executive summary-2 pages long
  • Background of possible investor (if available)
Step 2
Email all the required documents to seeds@spring.gov.sg.

End Date of Grant

Tentatively none.