Startup SG Equity
A government co-investment scheme that stimulates private sector investments into innovative, Singapore-based technology startups with intellectual property and global market potential. The government co-invests with independent, qualified third-party investors on the same terms, with enhanced support for deep-tech startups. Administered through SPRING SEEDS Capital (SSC) and appointed investing partners.
Eligibility Criteria
- 01
Private limited company incorporated in Singapore
- 02
Paid-up capital of at least S$50,000
- 03
Not a subsidiary or joint venture
- 04
Incorporated for less than 10 years
- 05
Core activities carried out in Singapore
- 06
Products/services/applications are highly innovative with substantial intellectual content
- 07
High growth prospects and international scalability
- 08
Has identified third-party investor(s) ready to invest
- 09
NOT eligible: Subsidiaries or joint ventures of larger companies
How to Apply
1. **Secure lead investor** - First, secure investment commitment from one or more independent third-party investors (minimum $50,000 each) 2. **Prepare documents** - Gather: business plan, financial statements/management accounts, ACRA business profile, investor background information 3. **Submit executive summary** - Prepare 2-page summary covering: company profile, proposed product/solution, technology/innovation, business roadmap, competitive landscape, use of funds 4. **Investor submits application** - The third-party investor submits co-investment application to Startup SG or approaches an appointed partner directly 5. **Due diligence** - SPRING SEEDS Capital (SSC) conducts due diligence on both startup and investors 6. **Investment panel review** - For independent investors, an investment panel of experts evaluates the application 7. **Receive investment** - If approved, government co-invests on the same terms as third-party investors, disbursed over tranches based on milestones
Claims and Disbursement
This is an equity investment, not a grant. SSC takes an equity share based on startup valuation. Investment horizon is typically 5-7 years. Exit options include trade sale, IPO, or M&A. Post-funding, SSC participates in shareholders meetings and observes Board meetings.
Frequently Asked Questions
For general-tech startups: Up to S$2 million total (government invests 70% up to $250K raised, then 1:1 thereafter). For deep-tech startups: Up to S$8 million total (government invests 70% up to $500K raised, then 1:1 thereafter). Funds are disbursed in tranches based on milestones.
Deep-tech startups focus on substantial scientific advances and engineering innovations (e.g., biotech, advanced materials, AI/ML research, quantum computing). General-tech includes other technology-enabled businesses with innovative products/services. Deep-tech startups receive higher co-investment caps due to longer commercialisation timelines.
Yes. Startup SG Equity is a co-investment scheme - you must first secure commitment from independent third-party investors who meet the eligibility criteria. The investor then applies for government co-investment. You cannot apply directly without an investor.
Investors must: (1) Be able to contribute to the startup's growth through mentorship, experienced management team, supportive business network, or value-adding expertise; (2) Be prepared to invest at least S$50,000 each into the startup.
Yes, startups with foreign founders can apply, provided the company meets all eligibility criteria (Singapore-incorporated, core operations in Singapore, etc.). Third-party co-investors can also be foreign but must meet investor eligibility criteria.
SSC takes an equity stake and plays an active role as a strategic advisor. They participate in shareholders meetings, observe Board of Directors meetings, and must be kept updated on major changes and regular performance updates. Typical investment horizon is 5-7 years.
Yes! A unique advantage of Startup SG Equity is that successful applicants are not excluded from applying for other government grants and schemes.