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Angel investors put Singapore start-ups on steroids.
FuturebooksMar 09, 2012 11:02 SGT
The Technology Incubation Scheme (TIS) was launched in 2009 by the National Research Foundation. The main aim of the TIS is to help high-tech start-ups improve their chances of turning innovative ideas into commercial businesses.
The TIS provides 85% co-investment, capped at S$500,000 per start-up. The incubators invest the balance of 15% and provide the guidance and mentoring to the entrepreneurs.
Seven Incubators Selected for Singapore NRF
The 7 technology incubators selected under TIS have invested in 31 start-up companies in Singapore since August 2009. Incubators include Neoteny Labs, Plug and Play, Social Slingshot, Small World Group, Techcube8, Stream Global and Clearbridge.
The National University of Singapore (NUS) has also contributed to the early-stage venture financing scenario. Through the NUS Entrepreneurship Centre (NEC), NUS provides seed-funding to promising NUS-related spin-offs incubated at the NUS Enterprise incubator.
Investment is open to Singapore private limited companies with 30% shareholding in Singapore.
To application details click here.