Are you looking to Start your
entrepreneurship journey?
Tap on the SGD50,000 StartupSG Founder Grant
With effect from 1 April 2024*, EnterpriseSG will support
all successful startup grant recipients on a 1:1 support ratio,
for a grant amount from S$20,000 to S$50,000.
Applicants will have to work with their respective AMPs
and submit their applications to EnterpriseSG.
Following which, applicants are required to inject
co-matching paid-up capital into the startup at a
1:1 ratio to the grant quantum that they are applying for
(e.g. S$20,000 capital is required for S$20,000 grant quantum).
Applicant 1:
- Must be a Singapore Citizen or Permanent Resident (SC/PR).
- Must be a first-time founder.
- Must not be employed externally and able to commit full-time to the company.
- Must be a key decision-maker within the organization.
- Must have undergone entrepreneurship training.
- Must hold equity in the company, with first-time founder applicant(s) collectively holding a minimum of 30% equity.
- The entity must retain at least 51% SC/PR shareholding.
Applicant 2:
- Must be a Singapore Citizen or Permanent Resident (SC/PR).
- Need not be a first-time founder.
- May be employed externally and need not commit full-time to the company.
- Must be a key decision-maker within the organization.
- Must have either undergone entrepreneurship training or possess proven entrepreneurship experience.
- Both applicants should collectively hold equity in the company.
In order for us to assess you, please send us your pitch deck to our email. We will review and arrange for a time to meet you within a week.
If you need help to formulate your business plan, you can download the Good Food Startup Manual, here. There, you will find an extensive guide on how to start and develop a business in food.
Once we agree to support your startup, you will receive a recommendation letter from Innovate 360 before applying here for the grant.
Applications must be complete and indicate “Innovate 360” as the AMP(accredited mentor partner)
Upon successful application, the grant will be disbursed in two parts.
Global Startups setting up in Singapore
Apply for the EntrePass
Innovate 360 is an EntrePass Partner, an initiative under the StartupSG Programme. Under this scheme, you can look forward to join Singapore’s vibrant food tech startup community and gain access to networking, fundraising, and co-innovation opportunities through Innovate 360. With the EntrePass you can quickly get the “work visa” to work on your startup in Singapore. Find out if you are eligible to apply for EntrePass here.
Key benefits of EntrePass
- Build a new life together with your family in Singapore, subject to criteria requirements
- EntrePass visa will be granted for up to one year. After which, it is renewable in two-year blocks from the second year onwards
- Receive support that is tailored to provide time for your startup to anchor and grow
- Be part of a supportive and vibrant ecosystem aimed to help your startup thrive in Singapore
Would you like to be part of Innovate 360?
5 Reasons why Innovate 360 is right for you.
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01
Food Focused Accelerator with Facilities
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02
Access Industry Mentors
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03
Collaborate with companies
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04
Scale your manufacturing with experts
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05
Go-to-Market Networks