Startup SG Founder: Who Qualifies and What You Get
Learn how first-time entrepreneurs in Singapore can access startup capital grants to fund their innovative business ideas.
Startup SG Founder provides financial support to first-time entrepreneurs in Singapore who have an innovative business concept.
Who it's for
This scheme is designed for individuals starting their very first business venture. You must have a business idea that is considered innovative to be eligible.
What you get
You can receive a startup capital grant of up to $50,000 to help kickstart your new venture.
What it costs you
This is not a simple cash handout; it requires a financial commitment from your side. You must provide co-matching funds at a ratio of 1:3. Additionally, you are required to work with an Accredited Mentor Partner.
The catch to know
The mentorship requirement is strict. You cannot simply apply on your own; you must be vetted and approved by an Accredited Mentor Partner before you can proceed with your application.
How to apply
- Develop your innovative business concept.
- Connect with an Accredited Mentor Partner.
- Undergo the vetting process by your mentor.
- Submit your application through the official portal.