STARTUP SG TECH

Programme:Startup SG Tech

Awards:Up to S$400,000 (Proof-of-Concept, POC) or up to S$800,000 (Proof-of-Value, POV)

Beneficiaries:sme

Key Features:Early-stage funding to accelerate development of proprietary technology via POC and POV stages, with milestone-based disbursements and an equity component.

KEY INFORMATION

Grant Provider
Enterprise Singapore (under Startup SG framework).

Max Amount / Support Rate

POC: Up to S$400,000 (requires ≥10% capital match)
POV: Up to S$800,000 (requires ≥20% capital match)

Project Duration

POC: up to 18 months
POV: up to 30 months

SUPPORTED PROJECTS

Proof-of-Concept stage (concept validation of technology).
Proof-of-Value stage (prototype development and customer validation).
Deep-tech innovation across sectors: e.g., AI, biotech, clean tech, advanced manufacturing.

EXPECTED OUTCOME

Validate technical feasibility of proposed technology (POC).
Develop a working prototype and demonstrate commercial value (POV).
Fast-track commercialization of proprietary technology with scalable business model.

REQUIREMENTS

Company must be registered and operating in Singapore; less than 10 years old.
At least 30% local (Singaporean/PR) equity.
Project must be innovative, proprietary, not commenced before application, and technically and commercially viable.
Majority of project work should occur in Singapore, unless justified.

SUPPORT RATE

Support Rate → Based on grant stage:

POC: Up to S$400,000 (requires ≥10% capital match)
POV: Up to S$800,000 (requires ≥20% capital match)

Qualifying Expenditure Details → Funding covers early-stage development costs tied to commercialising proprietary technology; disbursed per milestone upon achievement of predefined deliverables.

OTHER IMPORTANT INFORMATION

Grant includes an equity component: Enterprise Singapore or its nominee may exercise share subscription rights of up to 50% of the grant amount (capped at 49% of total shareholding) during a qualifying equity financing round.
Funding is disbursed upon completion of defined milestones, not as upfront reimbursement.

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