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Singapore Grants, Assistance

Public·1 member

Startup SG Founder Grant

https://www.startupsg.gov.sg/programmes/4894/startup-sg-founder


The grant is open to all Singaporeans/Permanent Residents who meet the following conditions at the time of application:

  • The team has at least 3 SC/PRs, who are the main applicants of the grant;

  • At least 2 of the 3 main applicants are first-time founders;

  • The main applicants who are first-time founders must hold a minimum of 30% equity in the company collectively;

  • The company must have a minimum 51% SC/PR shareholdings;

  • The company must not be more than 6 months of incorporation at the point of application to the AMP;

  • The 3 main applicants must contribute meaningfully to the company, and not be employed by another employer;

  • At least 2 of the 3 main applicants should be committed full time to the company, and must be key decision makers of the company;

  • The main applicant(s) must not have received any funding for the proposed business idea from another government organization;

  • The proposed business idea must not be in the following list: cafes, restaurants, night clubs, lounges, bars, foot reflexology, massage parlours, gambling, prostitution, social escort services, employment agencies (including recruiting foreign work permit holders and workers/support staff, relocation services, and manpower services), and geomancy.

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