Startup SG Tech

Objectives:

• To accelerate the commercialization of proprietary technology solutions.
• To support startups in developing proof-of-concept, prototype, or minimum viable product (MVP).
• To help startups bridge the gap between research and market-ready products.

Target Beneficiaries:

• Startups incorporated in Singapore.
• Startups developing proprietary technology with strong innovation and commercial potential.
• Early-stage deep tech startups looking to develop and validate their technology.

Key Features:

• Funding support of up to 70% of qualifying project costs, capped at SGD 250,000 per project.
• Support for projects that develop new technology or significantly improve existing technology.
• Funding can be used for activities such as R&D, prototyping, testing, and validation.
• Startups retain full ownership of their intellectual property.
• The program encourages collaboration with research institutions or industry partners.

Application Process:

• Startups submit an online application detailing their technology, project plan, and commercialization strategy.
• Applications are evaluated based on technology innovation, market potential, team capability, and project feasibility.
• Successful applicants enter into a funding agreement with Enterprise Singapore.
• Periodic progress reports and milestones are required to be submitted during the project duration.

Overall, Startup SG Tech is a strategic funding initiative to nurture Singapore’s deep tech ecosystem by enabling startups to transform innovative ideas into viable commercial products with strong market potential. It provides critical early-stage funding and support to help startups overcome technical and market risks.