Resources

We have consolidated some useful documents and links that might be of interest to start-ups based in Singapore. 

  1. 1
    Government Start-up Related Grants and Investments

    National Research Foundation

    IDM Jump-start and Mentor (i.JAM Reload)
    250k seed funding (150k grant + 100k co-investment)
    Tier-1 50k grant, Tier-2 100k grant + 100k co-investment
    *Disclaimer: Angels Gate Advisory is an appointed i.JAM Reload incubator.
    *Note: Some incubators do not provide bridging loans for your Tier-1 claims. Check with your incubator.

    Technology Incubator Scheme (TiS)
    89k co-investment + 500k NRF equity co-investment

    ACE Singapore

    ACE Start-up Grant
    50k co-matching grant for 22k co-matching investment

    Spring Singapore

    Technology Enterprise Commercialisation Scheme (TECS)
    Proof of Concept — 250k (100% on qualifying cost)
    Proof of Value — 500k (85% on qualifying cost)

    Spring Startup Enterprise Development Scheme (Spring Seeds)
    Co-investment up to a maximum of 2m + Lead Investor 2m

    Angel Investors Tax Deduction Scheme (AITD)
    Help your investors get tax deduction. 50% tax relief with minimum of 100k invested. Individuals only.

    Note: With the exception of the iJAM.Reload program, Angels Gate Advisory has no affiliation or representation with regards to the links and will be not held responsible for the information provided in these links.

  2. 2
    Government Business Operations Related Grants

    Inland Revenue Authority of Singapore

    Productivity and Innovation Credit Grant
    Up to 60% Cash Payout or 400% Tax Relief (up to 100k)

    Wage Credit Scheme
    40% of wage increases given to Singapore citizens earning $4k and below.

    Tax Exemption Scheme for start-up companies
    Full tax exemption for first 100k profit in first 3 consecutive YAs
    50% tax exemption for next 200k profit in the first 3 consecutive YAs

    International Enterprise Singapore

    Market Readiness Assistance (MRA) Grant
    70% qualifying costs, up to 20k per fiscal year

    Note: Angels Gate Advisory has no affiliation or representation with regards to the links and will be not held responsible for the information provided in these links.

  3. 3
    Start-up related documents

    General Agreements
    Founders’ Agreement — Start off right with your co-founders, even if they are best friends.
    Non-Disclosure Agreement – To sign with working partners. Not recommended to send to investors.
    Employment Contract (Singapore) — A standard employment contract for employees meeting government requirements.

    Investment-related
    Build a 1-page pitch deck
    — To entice investors, send 1 page to them. Then do a presentation deck when you meet them.
    Term Sheet for angel round — A very simplified term sheet for a friendly angel. Do not use this for seed investors and above.

    Company Secretary
    Pack of Resolutions — If you started a Pte Ltd on your own, you can be your own company secretary. Use this pack of 10 resolutions to start.

    Start a corporate bank account in SG
    UOB eBusiness — Min 5k float, do everything online
    OCBC Business FirstMin 5k float, do everything online
    DBS Entrepreneurs — No min first 6 months, fees apply thereafter

    Note: Documents provided here are used as a guide and Angels Gate Advisory are in no way responsible for the outcomes from the use of the guides. Start-ups should engage their own legal counsel and advisory for further assistance.

  4. 4
    Private Sector Angels

    Bansea.org — Business Angel Network South East Asia
    Angel Investment Network SG — Platform for Angel Investors and companies

  5. 5
    Plug into the Singapore Ecosystem

    Relevant start-up newsreads and events

    TechinAsia — News updates of tech companies and venture capital in Asia
    e27.co — News updates of tech companies and venture capital
    Startupdigest.com — Subscribe to Gwendolyn Regina T for the week’s updates of events
    thelist.sg — Get news of the upcoming related start-up events, thanks to Kristine Lauria and Alvin Lim

    HR related and staff hiring

    Co-Founders Lab — Finding the potential partner to work with
    Entrepreneur Pass
    — For foreigners applying to work as an entrepreneur in Singapore
    Startupjobs.asia — Platform for start-up staff hiring
    Jobstreet.com.sg — Hiring platform for general support staff.

    Co-Working spaces (Paid and Free)

    Free Hotdesking
    Scape Hubquarters
    — Located in the heart of town
    Plugin@Blk71 — Located at Block 71, Level 2, Launchpad@JTC

    Paid
    TNF Ventures — Located at Block 71, Level 6, Launchpad@JTC
    Reddot Ventures — Located at Block 79, Level 4, Launchpad@JTC

    Note: Angels Gate Advisory has no affiliation or representation with regards to the links and will be not held responsible for the information provided in these links.