We’ve mentioned before that Singapore is a great place for growing tech startups and we weren’t joking when we talked about all the resources available.

So, whether you’re a new or established startup, take advantage of one of these government grants and schemes to help accelerate the growth of your company.

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I. Startup SG Tech

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Part of the Startup SG scheme, Startup SG Tech provides funding for early-stage startups in Singapore. The grant generally helps startups accelerate proprietary solutions and develop their business models even better.

Through the grant, startups will be given an opportunity to work on their proof of concept and proof of value to commercialise their technologies.

Read more about the grant here.

II. Startup SG Equity

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Another grant that’s part of the Startup SG scheme, Startup SG Equity works differently from its Tech counterpart.

For this scheme, the Singapore Government works to invest in startups with the help of private-sector investments. Startups for the scheme are chosen based on their scalability for the international market. The funds are managed by SEEDS Capital and SGInnovate.

Ideal for tech startups, the scheme benefits both general and deep tech with investment cap for deep tech at $4M.

Read more about the grant here.

III. Early Stage Venture Fund (ESVF)

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ESVF is under the National Framework for Innovation and Enterprise. Through this initiative, the National Research Foundation (NRF) will pump in $10 million on a matching basis to help Singapore-based high-tech startups and companies.

Investors also have the option of buying out NRF’s share of the fund within five years by returning the initial capital (with interest) invested.

The NRF has worked with venture capital firms like Raffles Venture Partners, Exstream Ventures and New Asia Investments.

Read more about the grant here.

IV. Innovation And Capability Voucher (ICV)

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Run by Enterprise Singapore, the Innovation and Capability Voucher aims to help small businesses strengthen core business operations in areas like innovation, productivity, human resources, and financial management.

Each ICV is worth $5,000 and businesses are entitled to a maximum of eight vouchers. However, before applying for another ICV, businesses have to complete their previous project first and do so within six months.

Read more about the grant here.

V. Technology Enterprise Commercialisation Scheme (TECS)

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TECS is a grant that helps startups commercialise their proprietary products. There are actually two types of grants available under TECS for startups to apply for, the first is for proof of concept (POC) projects and the second is the proof of value (POV) projects. The amount obtainable for your startup’s POC project can go up to $250,000 and up to $500,000 for its POV project.

The grants for the POC and POV projects were aimed at helping tech companies enhance their operations and technology.

Read more about the grant here.

VI. MOOC Pilot for Data Sciences & Analytics Training

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This grant is better suited for for growing startups looking to provide training opportunities for their employees. Through this initiative, companies can send their employees for online and offline programs provided by Coursera. This grant is provided by the Infocomm Development Authority of Singapore (IDA).

Read more about the grant here.

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