As part of the Startup SG Equity scheme, the government will co-invest with independent, qualified 3rd party investors into eligible startups. This scheme aims to stimulate private-sector investments into innovative, Singapore-based technology startups with intellectual property and global market potential.
SEEDS Capital Pte Ltd (SC) and SGInnovate have been appointed to manage the funds under Startup SG Equity.
Startup SG Equity has different investment parameters for general tech and deep tech startups:
|General tech||Deep tech|
|Investment Cap for each startup||$2M||$4M|
|Co-investment ratio||7:3 up to $250K,
1:1 thereafter up to $2M
|7:3 up to $500K,
1:1 thereafter up to $4M
Startups and investors may apply for Startup SG Equity. Each category has its own set of eligibility criteria.
Eligibility for startups:
Startups seeking government co-investment under Startup SG Equity should meet the following criteria:
- Be a Singapore-based company with core activities carried out here.
- Be incorporated as a Private Limited company for less than five years.
- Have paid-up capital of at least $50,000.
- Be able to prove substantial innovative and intellectual content for its products and/or services and applications.
- Have high-growth potential with clear scalability for the international market.
- Have identified a ready, independent third-party investor(s).
- Business must not be involved in the following business activities: gambling, tobacco-related products, or any other activities which are in violation of law, or against public interest.
- Company cannot be a subsidiary or joint-venture.
Eligibility for third-party investors:
To be eligible for co-investment, interested individuals or corporate investors should meet the following criteria:
- The investor(s) must be able to contribute to the startup’s growth. The investor(s) should possess the management experience, relevant business contacts and/or necessary technical expertise that can value-add to the startup.
- The investor(s) must be prepared to invest at least $50,000 each into each startup.
- The investor(s) should not hold shares in the investee prior to the co-investment (for new investments).
About SEEDS Capital
SEEDS Capital (SC), an investment arm of Enterprise Singapore, stimulates smart investments into innovative Singapore-based startups with strong intellectual content and global market potential. Through co-investments, SC aims to catalyse investments into new, underserved but strategic sectors, in particular Advanced Manufacturing & Engineering, Health & Biomedical Sciences, and Urban Sustainability & Solutions. We also invest in emerging technologies such as Fintech, Artificial Intelligence, and Agritech. As part of Enterprise Singapore, we help our startups commercialize and expand globally, leveraging as well on the expertise and strategic networks of our co-investment partners in areas such as technology translation, commercialization and market expansion.
At SGInnovate, we believe that Singapore has all the resources and capabilities needed to tackle ‘hard problems’ that matter to people around the world. As a part of the robust startup ecosystem here, our mission is to enable ambitious and capable individuals and teams to imagine, start, build, and scale globally-relevant technologies. With the support of our partners, SGinnovate’s priority is to work with deeply-technical founders that have research-originated IP at the core of their company. We back these entrepreneurs through equity-based investments, access to talent, and support in building customer traction. We are prioritising our efforts around Artificial Intelligence, Robotics and Blockchain. These technologies represent impactful and scalable answers to global challenges. SGInnovate is a private-limited company wholly owned by the Singapore Government.
Applicants must submit a two-page executive summary and supporting documents of the business for a first-level assessment.
- Business plan
- Financial statements or management accounts
- Business ACRA
- Background of potential co-investor (if available)
You may also download the Startup SG Equity FAQs.
The following partners are appointed partners under Startup SG Equity.
For partners that focus on Advanced Manufacturing & Engineering, Health & Biomedical Sciences and Urban Solutions & Sustainability, the co-investment partner under Startup SG Equity is SEEDS Capital (SC) .
For partners that focus on Services & Digital Economy, the co-investment partner under Startup SG Equity is SGInnovate.
|Name of Appointed Partner||Investment Stage||Sectors of Focus||Contact Information|
|1||Armstrong Industrial Corporation||Seed to Series A||Advanced Manufacturing & Engineering; Health & Biomedical Sciences||Contact Person(s): Eugene Ong
|2||C31 Ventures||Series A to C||Services & Digital Economy||Contact Person: Ervin Lim
Contact Number: 6713 2888
|3||Clearbridge BSA||Seed to Series A||Health & Biomedical Sciences||Contact Person: Johnson Chen
|4||Cocoon Capital||Seed||Services & Digital Economy||Contact Person: Michael Blakey
|5||Decacorn Partners||Seed to Series A/B||Services & Digital Economy||Contact Person: Abhijit Banerjee
Contact Number: 9839 1480
|6||Dymon Asia Ventures||Seed to Series B||Services & Digital Economy||Contact Person: Jennifer Ho
Contact Number: 6705 1666
|7||Gobi Partners||Seed to Growth Stage||Services & Digital Economy||Contact Person: Teng Teng Lee
Contact Number: 6640 3986
|8||Green Meadows Accelerator||Seed to Series A||Advanced Manufacturing & Engineering; Urban Solutions & Sustainability||Contact Person: Margaret Ong
Contact Number: 8157 8515
|9||HealthXCapital||Seed to Series A||Health & Biomedical Sciences||Contact Person: Seemant Jauhari
|10||Heritas Capital Management||Early to Late Stage||Health & Biomedical Sciences||Contact Person: Chik Wai Chiew
Contact Number: 6716 0500
|11||Incuvest-Avior||Seed to Series A||Advanced Manufacturing & Engineering||Contact Person: Bernard Shum; Rachel Lei
Email: firstname.lastname@example.org; email@example.com
|12||Jungle Ventures||Series A to B||Services & Digital Economy||Contact Person: Yashaswi Sankrityayan
|13||Jungle Ventures (IOTPlus)||Seed to Series A||Advanced Manufacturing & Engineering||Contact Person: Chirayu Wadke
|14||Med-Tech Alliance||Seed to Series A||Health & Biomedical Sciences||Email: firstname.lastname@example.org
|15||Millennia-VFT Ventures||Seed to Series A||Urban Solutions & Sustainability||Contact Person(s): Seah Kiat Seng; Liaw Kok Eng
Email: email@example.com; firstname.lastname@example.org
|16||Mojo Partners||Early to Late Stage||Services & Digital Economy||Contact Person: Damien Lim
Contact Number: 6731 5975
|17||Monk’s Hill Ventures||Series A to B||Services & Digital Economy||Contact Person: Chow Yee Hoong
Contact Number: 6514 0015
|18||MTA2||Seed to Series A||Advanced Manufacturing & Engineering; Health & Biomedical Sciences||Contact Person: Lee Wei Kang, Andrew Kwa, Samuel Chen
Email: email@example.com; firstname.lastname@example.org; email@example.com
Website: www.accuronmedtech.com; www.edis.sg
|19||Openspace Ventures||Series A||Services & Digital Economy||Contact Person: Ian Sikora
Contact Number: 6877 6938
|20||Pix Vine Capital||Seed to Series A||Services & Digital Economy||Contact Person: Chou Fang Soong
Contact Number: 6559 4670
|21||Qualgro Partners||Series A to B||Services & Digital Economy||Contact Person: Jason Edwards
|22||Silicon Solution Partners||Seed to Series A||Advanced Manufacturing & Engineering||Contact Person: David Ng
|23||Small World Accelerator||Seed to Series A||Advanced Manufacturing & Engineering; Urban Solutions & Sustainability||Contact Person: Frank H. Levinson; Chong Chiet Ping
Email: firstname.lastname@example.org; email@example.com
|24||Supply Chain Angels||Seed to Series A||Services & Digital Economy||Contact Person: James Ong
Contact Number: 6417 2608
|25||TNB||Seed to Series A||Advanced Manufacturing & Engineering||Contact Person: Vicknesh R Pillay
Contact Number: 6438 5616
|26||TNF Ventures||Seed and Pre-Series A||Services & Digital Economy||Contact Person: Frank Lee
Contact Number: 6777 7022
|27||Trendlines Medical-K2 Global||Early to Late Stage||Health & Biomedical Sciences||Contact Person: Eric Loh; Ozi Amanat
Email: firstname.lastname@example.org; email@example.com
Website: www.trendlines.com; k2globalvc.com
|28||TRIREC||Seed to Series A||Urban Solutions & Sustainability||Contact Person: Melvyn Yeo
Contact Number: 6235 3738
|29||tryb Group||Seed, Venture Building and Late Stage||Services & Digital Economy||Contact Person: Scott Krivokopich
|30||August Global Asset Management (previously known as Velocity)||Pre-Series A to Series B||Services & Digital Economy||Contact Person: Kaustav Das
Contact Number: 6816 2441
|31||Venturecraft Group||Early to Late Stage||Health & Biomedical Sciences||Contact Person: Isaac Ho; Ong Jeong Shing
Email: firstname.lastname@example.org; email@example.com
|32||Vickers Venture Partners||Seed to Series B||Services & Digital Economy||Contact Person: Terence Sim
Contact Number: 6717 6666
|33||Wavemaker Partners||Seed to Series A||Advanced Manufacturing & Engineering; Services and Digital Economy; Urban Solutions & Sustainability||For AME/USS-related queries
Contact Person: Gavin Lee
For SDE-related queries
Contact Person: Joel Ang
Email: firstname.lastname@example.orgWebsite: wavemaker.vc
|34||Zicom MedTacc||Seed to Series A||Health & Biomedical Sciences||Contact Person: Sim Kok Hwee
Call For Partnership
SEEDS Capital Call-for-Partnership to Invest in Agrifood Tech
SEEDS Capital, the investment arm of Enterprise Singapore, is calling for co-investment partners to groom Singapore-based startups in the Agrifood tech sector.
As part of Enterprise Singapore’s vision to develop the Singapore Food Manufacturing sector into a leading food and nutrition hub in Asia by 2025, it is partnering SEEDS Capital to grow startups in the area of Agrifood tech.
Please see the media release for the gist of this call.
Update: Specifications (including proposal guide) uploaded here. Please refer to this document when preparing to submit your application. Please also indicate your interest to us, or direct your queries to us at email@example.com.