Is My Startup Eligible for Startup SG Tech?

To be eligible, your startup must:

• Be a registered private limited company in Singapore for less than 10 years.

• Have at least 30% local shareholding.

• Have an annual revenue not exceeding SGD 100 million or an employment size not exceeding 200.

• Have group assets not exceeding SGD 100 million.

• Have a core business activity involving innovative technology development that is not commercially ready.

How Do I Apply for Startup SG Tech?

The application process is as follows:

1. Submit a proposal

Prepare a detailed project proposal that includes your:

• Business idea

• Technical innovation

• Team composition

• Project milestones

2. Evaluation

Your proposal will be evaluated by a panel of industry experts based on its:

• Technical feasibility

• Innovation

• Commercial potential

3. Receive offer

If successful, you will receive a Letter of Offer detailing the grant terms.

What is the Funding Support for Startup SG Tech?

The grant supports eligible project costs, including manpower, equipment, and professional services. The funding tiers are:

• Proof-of-Concept (POC): Up to S$250,000 in funding.

• Proof-of-Value (POV): Up to S$500,000 in funding.

How can I Strengthen my Startup SG Tech Application?

Differentiate POC From POV

Clearly define your project's stage. A POC focuses on demonstrating technical feasibility, while a POV aims to validate the solution in a real-world environment with a potential client.

Highlight Your IP

Emphasise what makes your technology proprietary and defensible. Explain its unique advantage over existing solutions in the market.

Detail Your Commercialisation Plan

While the grant supports pre-commercialisation tech, you must present a clear and viable plan for how you will bring the product to market after the project is complete.