{"id":20722,"date":"2018-03-21T14:29:55","date_gmt":"2018-03-21T06:29:55","guid":{"rendered":"https:\/\/glutenfreepleasure.com\/__proxy_domain\/www.3ecpa.com.sg\/?p=20722"},"modified":"2026-07-31T08:11:05","modified_gmt":"2026-07-31T00:11:05","slug":"singapore-business-startup-schemes-and-grants","status":"publish","type":"post","link":"https:\/\/glutenfreepleasure.com\/__proxy_domain\/www.3ecpa.com.sg\/blog\/singapore-business-startup-schemes-and-grants\/","title":{"rendered":"Singapore Business Startup Schemes and Grants"},"content":{"rendered":"<div class=\"wpb-content-wrapper\" id=\"wpb-content-root\"><p>[vc_row][vc_column][vc_column_text]<\/p>\n<h2>Singapore Business Startup Schemes and Grants<\/h2>\n<p>As the gateway to Asia\u2019s vibrant technology and financial scene, Singapore is the home to a young and diverse microbusiness community. A whole slew of startups are springing up Singapore, the sovereign city-state in Southeast Asia. In fact, startups are mushrooming in this Lion City and it is the benchmark of its sound microbusiness ecosystem. This page explains to you about some of the Singapore company grants, Singapore Business Startup Schemes and Grants available to you. For additional support during the pandemic, see the <a href=\"https:\/\/glutenfreepleasure.com\/__proxy_domain\/www.3ecpa.com.sg\/resources\/finances-and-grants\/grants-and-programmes-for-your-business-covid-19-edition\/\">COVID-19 grants and programmes for your business<\/a>.<\/p>\n<p>&nbsp;<\/p>\n<h3>Why Entrepreneurs Favour Singapore?<\/h3>\n<p><img loading=\"lazy\" decoding=\"async\" class=\"alignright wp-image-20768\" title=\"Singapore Business Startup Schemes and Grants\" src=\"https:\/\/glutenfreepleasure.com\/__proxy_domain\/www.3ecpa.com.sg\/wp-content\/uploads\/2018\/03\/Singapore-Business-Startup-Schemes-and-Grants-300x200-300x200.jpg\" alt=\"Singapore Business Startup Schemes and Grants\" width=\"259\" height=\"170\" \/><br \/>\nThe political and macroeconomic stability are the strong factors behind the flourishing scene of Singapore\u2019s microbusiness ecosystem. In addition to these, the parliamentary democracy, strong judicial system, robust regulatory institutions, as well as the corruption-free bureaucracy, have backed the vibrant business environment in Singapore. Several other contributing factors included the state-of-art infrastructure, the world-class port and transportation network, the ultra-high-speed broadband infrastructure connecting people and workplaces, various <a title=\"government financing schemes and cash grants\" href=\"https:\/\/glutenfreepleasure.com\/__proxy_domain\/www.3ecpa.com.sg\/resources\/finances-and-grants\/singapore-government-grants-financing-schemes-assistance\/\">government financing schemes and cash grants<\/a>, as well as <a title=\"tax incentives\" href=\"https:\/\/glutenfreepleasure.com\/__proxy_domain\/www.3ecpa.com.sg\/resources\/singapore-taxation\/singapore-industry-specific-tax-incentives\/\">tax incentives<\/a>, have played the important roles to boost the vibrant microbusiness environment. On top of that, the recent launch of the Startup SG in March 2017 in Singapore has enhanced the innovative business environment to attract global startup talent.<\/p>\n<p>&nbsp;<\/p>\n<h3>Startup SG in Singapore<\/h3>\n<p>Startup SG in a SRPING Singapore-led umbrella branding that unifies all the support schemes (Singapore company grants) for startups in Singapore. The umbrella initiative is a supporting platform for entrepreneurs to access local support initiatives and connect to the global entrepreneurial network to <a title=\"start business in Singapore.\" href=\"https:\/\/glutenfreepleasure.com\/__proxy_domain\/www.3ecpa.com.sg\/incorporation\/guide-to-singapore-company-registration\/\">start business in Singapore<\/a>.<\/p>\n<p>The six pillars of support are:<\/p>\n<ul style=\"list-style-type: lower-alpha; margin-left: 20px;\">\n<li>Startup SG Founder,<\/li>\n<li>Startup SG Tech,<\/li>\n<li>Startup SG Equity,<\/li>\n<li>Startup SG Accelerator,<\/li>\n<li>Startup SG Loan, and<\/li>\n<li>Startup SG Talent.<\/li>\n<\/ul>\n<p>&nbsp;<\/p>\n<h3>Startup SG Founder<\/h3>\n<p>Aimed to provide support in terms of mentorship and startup capital grant to innovative first-time entrepreneurs, the scheme provides up to $30,000 by matching $3 to every $1 raised by the entrepreneur. Startup SG Founder can only be applied through an Accredited Mentor Partner (AMP).<\/p>\n<p>The AMP will identify and select applicants based on:<\/p>\n<ul style=\"list-style-type: upper-roman; margin-left: 20px;\">\n<li>the uniqueness of business concept,<\/li>\n<li>feasibility of business model,<\/li>\n<li>strength of management team, and<\/li>\n<li>potential market value.<\/li>\n<\/ul>\n<p>The qualified startup will be guide by the AMP where they will on appropriate milestones together. Their proposed application and milestones will be submitted to SPRING for approval. Upon successful application, the grant will be disbursed in two tranches based on agreed project milestones over 12 months.<\/p>\n<p>&nbsp;<\/p>\n<h3>Startup SG Tech<\/h3>\n<p>This grant provides project funding for companies that develop proprietary technology. Through Startup SG Tech, startups will receive funding for both Proof-of-Concept (POC) and Proof-of-Viability (POV) projects.<\/p>\n<p>POC projects can receive funding of up to S$250,000 while POV projects (projects designed to test the commercial viability of a lab-proven technology) are eligible to receive up to S$500,000 in funding.<\/p>\n<p>Eligibility criteria:<\/p>\n<ul style=\"list-style-type: upper-roman; margin-left: 20px;\">\n<li>The company must be a registered Singapore company less than 5 years old<\/li>\n<li>The company must operate in Singapore<\/li>\n<li>The company must have at least 30% local shareholding<\/li>\n<li>Annual revenue must be less than S$100 million or the company must employ fewer than 200 people<\/li>\n<\/ul>\n<p>&nbsp;<\/p>\n<h3>Startup SG Equity Scheme<\/h3>\n<p>Startup SG Equity scheme is the investment arm of SPRING Singapore that aims to stimulate private-sector investments into innovative, Singapore-based technology startups. Startups engaged in innovative technology development can tap on this financing scheme to commercialise their ideas.<\/p>\n<p>Eligibility criteria:<\/p>\n<ul style=\"list-style-type: upper-roman; margin-left: 30px;\">\n<li>The <a title=\"company incorporated\" href=\"https:\/\/glutenfreepleasure.com\/__proxy_domain\/www.3ecpa.com.sg\/services\/company-setup\/singapore-company-incorporation-services\/\">company incorporated<\/a> must be a private limited company incorporated in Singapore with a paid-up capital of at least S$50,000.<\/li>\n<li>The company must not be a subsidiary or a joint venture.<\/li>\n<li>The company must not be incorporated for more than five years.<\/li>\n<li>The company\u2019s core activities must be carried out in Singapore.<\/li>\n<li>The company must demonstrate that its products\/services\/applications are highly innovative and have substantial intellectual content.<\/li>\n<li>The company must have high growth prospects and international scalability.<\/li>\n<li>The company must have identified a third party investor(s) ready to invest in it.<\/li>\n<\/ul>\n<p>&nbsp;<\/p>\n<h3>Startup SG Accelerator<\/h3>\n<p>Startup SG Accelerator is a scheme that supports incubators and accelerators in strategic growth sectors, catalyses the growth of high potential startups through the mentorship and networks of selected partners. The accelerators and incubators are the only targeted audience where venture capital firms and consultancies are not be eligible for the scheme.<\/p>\n<p>The sectoral focus of listed accelerators and incubators in the Startup SG Accelerator scheme are:<\/p>\n<ul style=\"list-style-type: upper-roman; margin-left: 30px;\">\n<li>Medtech,<\/li>\n<li>Fintech,<\/li>\n<li>Internet of Things (IoT),<\/li>\n<li>Artificial Intelligence (AI),<\/li>\n<li>Robotics,<\/li>\n<li>Data Analytics,<\/li>\n<li>Smart Logistics and,<\/li>\n<li>Cybersecurity.<\/li>\n<\/ul>\n<p>&nbsp;<\/p>\n<h3>Startup SG Talent<\/h3>\n<p>The Startup SG pillar highlights initiatives to create a better environment for global talents to join local startups and set up innovative businesses in Singapore. EntrePass, Technology for Enterprise Capability Upgrading (T-UP) and SME Talent Programme (STP) for Startups are the schemes under this initiative.<\/p>\n<ul style=\"list-style-type: upper-roman; margin-left: 20px;\">\n<li><strong>EntrePass<br \/>\n<\/strong><a title=\"Entrepass\" href=\"https:\/\/glutenfreepleasure.com\/__proxy_domain\/www.3ecpa.com.sg\/services\/immigration\/singapore-entrepass\/\">Entrepass<\/a> scheme under Startup SG Talent to attract ambitious entrepreneurs to start businesses in Singapore. It has been enhanced to aid the entry and stay of global entrepreneurial talent.<\/li>\n<li><strong>T-UP<br \/>\n<\/strong>This initiative helps to enhance businesses build in-house R&amp;D capabilities by accessing the pool of talent from A*STAR\u2019s Research Institutes. It subsidises up to 70 percent of the secondment costs of research scientists and engineers for a period of up to 2 years.<\/li>\n<li><strong>SME Talent Programme (STP)<br \/>\n<\/strong>This programme is run by Action Community for Entrepreneurship (ACE) and it offers 70 percent subsidy in stipends paid to interns, and in turn, facilitates startups to build their <a title=\"human resource\" href=\"https:\/\/glutenfreepleasure.com\/__proxy_domain\/www.3ecpa.com.sg\/services\/human-resource\/\">human resource<\/a> capital development capabilities.<\/li>\n<\/ul>\n<p>&nbsp;<\/p>\n<h3>Startup SG Loan<\/h3>\n<p>Startup SG Loan highlights government-supported loans for startups&#8217; working capital, equipment or factory financing and trade financing needs, and it is offered via Participating Financial Institutions.<\/p>\n<p>&nbsp;<\/p>\n<h3>Startup SG Investor Pillar<\/h3>\n<p>This initiative provides startups with the much-needed working capital, equipment or factory financing as well as the trade financing. The major categories include:<\/p>\n<ul style=\"list-style-type: upper-roman; margin-left: 20px;\">\n<li>SME Micro Loans<br \/>\nA maximum of S$100,000 working capital financing is offered for companies with 10 or less employees<\/li>\n<li>SME Venture Loan<br \/>\nHigh-growth companies can apply this loan for the purpose of business expansion where a loan amount as high as S$5,000,000 is available for eligible companies.<\/li>\n<li>SME Equipment and Factory Loans<br \/>\nCompanies can secure the loan up to S$15 million to purchase equipment, machines or selected factory properties<\/li>\n<\/ul>\n<p>On a final note, Singapore is one of the best destinations for startups with its entire infrastructure, tax incentives, cash grants, as well as financing schemes. In fact, all these initiatives and government-backed financing schemes have played a part to propel the country to stay ahead in the competitive global market.<\/p>\n<p>[\/vc_column_text][\/vc_column][\/vc_row][vc_row][vc_column][vc_column_text css=&#8221;&#8221;]<\/p>\n<h2>Frequently Asked Questions<\/h2>\n<div id=\"gtx-trans\" style=\"position: absolute; left: 166px; top: -9.625px;\">\n<div class=\"gtx-trans-icon\"><\/div>\n<\/div>\n<p>[\/vc_column_text][\/vc_column][\/vc_row][vc_row][vc_column][vc_tta_accordion title_tag=&#8221;h3&#8243; style=&#8221;flat&#8221; color=&#8221;green&#8221; spacing=&#8221;10&#8243; gap=&#8221;10&#8243; c_align=&#8221;left&#8221; c_position=&#8221;right&#8221; active_section=&#8221;&#8221; no_fill=&#8221;true&#8221; css=&#8221;.vc_custom_1730871643818{margin-top: 0px !important;border-top-width: 0px !important;padding-top: 0px !important;}&#8221;][vc_tta_section title=&#8221;What is Startup SG and how does it support Singapore startups?&#8221; tab_id=&#8221;1&#8243;][vc_column_text css=&#8221;&#8221;]Startup SG is a government-led umbrella initiative by Enterprise Singapore that unifies all major startup grants and support schemes in Singapore. It provides first-time entrepreneurs, innovative tech companies, and SMEs with access to mentorship, equity co-investment, government loans, and talent development programmes.[\/vc_column_text][\/vc_tta_section][vc_tta_section title=&#8221;How much funding can I get from the Startup SG Founder grant?&#8221; tab_id=&#8221;2&#8243;][vc_column_text css=&#8221;&#8221;]The Startup SG Founder grant offers eligible first-time entrepreneurs up to S$30,000 in startup capital. The government matches S$3 for every S$1 raised by the entrepreneur. Applications must be submitted through an Accredited Mentor Partner (AMP), who also guides the startup through key milestones.[\/vc_column_text][\/vc_tta_section][vc_tta_section title=&#8221;What is the Startup SG Tech grant and who is eligible?&#8221; tab_id=&#8221;3&#8243;][vc_column_text css=&#8221;&#8221;]The Startup SG Tech grant funds proprietary technology development for Singapore-registered companies under five years old with at least 30% local shareholding. Proof-of-Concept projects can receive up to S$250,000, while Proof-of-Viability projects targeting commercial scalability can receive up to S$500,000.[\/vc_column_text][\/vc_tta_section][vc_tta_section title=&#8221;How can foreign entrepreneurs access Singapore startup grants?&#8221; tab_id=&#8221;4&#8243;][vc_column_text css=&#8221;&#8221;]Foreign entrepreneurs looking to start a business in Singapore can apply for the EntrePass under Startup SG Talent. This scheme is designed to attract global entrepreneurial talent, enabling them to incorporate a company in Singapore and subsequently access eligible government grants and startup support schemes.[\/vc_column_text][\/vc_tta_section][vc_tta_section title=&#8221;What loans are available for Singapore startups through Startup SG?&#8221; tab_id=&#8221;5&#8243;][vc_column_text css=&#8221;&#8221;]Through the Startup SG Loan pillar, startups can access government-supported financing via Participating Financial Institutions. Options include SME Micro Loans of up to S$100,000, SME Venture Loans up to S$5 million for high-growth businesses, and Equipment and Factory Loans of up to S$15 million.[\/vc_column_text][\/vc_tta_section][vc_tta_section title=&#8221;Are Singapore startup grants available for tech and fintech companies?&#8221; tab_id=&#8221;6&#8243;][vc_column_text css=&#8221;&#8221;]Yes. The Startup SG Accelerator scheme specifically supports incubators and accelerators in sectors like Fintech, AI, IoT, Robotics, Medtech, and Cybersecurity. Additionally, the Startup SG Tech grant provides direct funding to startups developing proprietary technology with strong commercial and innovation potential.[\/vc_column_text][\/vc_tta_section][\/vc_tta_accordion][\/vc_column][\/vc_row]<\/p>\n<\/div>","protected":false},"excerpt":{"rendered":"<p>[vc_row][vc_column][vc_column_text] Singapore Business Startup Schemes and Grants As the gateway to Asia\u2019s vibrant technology and financial scene, Singapore is the home to a young and diverse microbusiness community. A whole slew of startups are springing up Singapore, the sovereign city-state in Southeast Asia. In fact, startups are mushrooming in this Lion City and it is&hellip;<\/p>\n","protected":false},"author":57,"featured_media":20767,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[15],"tags":[],"class_list":["post-20722","post","type-post","status-publish","format-standard","has-post-thumbnail","category-blog","category-15","description-off"],"_links":{"self":[{"href":"https:\/\/glutenfreepleasure.com\/__proxy_domain\/www.3ecpa.com.sg\/wp-json\/wp\/v2\/posts\/20722","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/glutenfreepleasure.com\/__proxy_domain\/www.3ecpa.com.sg\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/glutenfreepleasure.com\/__proxy_domain\/www.3ecpa.com.sg\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/glutenfreepleasure.com\/__proxy_domain\/www.3ecpa.com.sg\/wp-json\/wp\/v2\/users\/57"}],"replies":[{"embeddable":true,"href":"https:\/\/glutenfreepleasure.com\/__proxy_domain\/www.3ecpa.com.sg\/wp-json\/wp\/v2\/comments?post=20722"}],"version-history":[{"count":3,"href":"https:\/\/glutenfreepleasure.com\/__proxy_domain\/www.3ecpa.com.sg\/wp-json\/wp\/v2\/posts\/20722\/revisions"}],"predecessor-version":[{"id":107496,"href":"https:\/\/glutenfreepleasure.com\/__proxy_domain\/www.3ecpa.com.sg\/wp-json\/wp\/v2\/posts\/20722\/revisions\/107496"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/glutenfreepleasure.com\/__proxy_domain\/www.3ecpa.com.sg\/wp-json\/wp\/v2\/media\/20767"}],"wp:attachment":[{"href":"https:\/\/glutenfreepleasure.com\/__proxy_domain\/www.3ecpa.com.sg\/wp-json\/wp\/v2\/media?parent=20722"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/glutenfreepleasure.com\/__proxy_domain\/www.3ecpa.com.sg\/wp-json\/wp\/v2\/categories?post=20722"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/glutenfreepleasure.com\/__proxy_domain\/www.3ecpa.com.sg\/wp-json\/wp\/v2\/tags?post=20722"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}