Enterprise Singapore appoints 14 new mentors for startups

Covid-19 solutions were cited as a new area for startups.

Enterprise Singapore announced the appointment of 14 new accredited mentor partners or AMPs to the Startup SG Founder scheme, bringing the total to 57. Startup SG Founder aims to provide mentorship and startup capital grants to first-time entrepreneurs with innovative business ideas.

In 2019, 74 startups received structured mentoring from 43 AMPs and were awarded grants amounting to $2.22m for their business development.

For example, TuSense Pte Ltd, a Startup SG Founder grant recipient founded within NUS and NUHS, developed a non-invasive MedTech device that is designed to collect biological specimen from viral coughs.The startup is working towards a solution that allows people to self-administer sample collection for COVID-19 testing, reducing the risk of transmitting the virus to the community and medical professionals.

Cocoon Capital, a newly appointed AMP, recently partnered with Openspace Ventures and 500 Startups to aggregate all promotional activities offered by startups across Southeast Asia region under a single website, supportstartups.com.

Will Klippgen, managing partner of Cocoon Capital, said they received highly positive feedback from startups like Osome, who signed their first client through #SupportStartups.

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