Startup SG Founder
Mentorship and startup capital for first-time entrepreneurs
About Grant
$3 matched for every $1 raised (3:1 paid up capital), up to S$30K (two tranches)
ACE does not take any equity nor provide any investment
Eligibility
- Main applicant: Singaporean/PR
- First-time entrepreneur (neither incorporated nor received other grants)
- Own equity > 30%
- Sign Pledge 1% with ACE
- Company
- Must apply and be accepted for BACECAMP
- Local shareholding > 51%
- Incorporated < 6 months when applying to ACE, not to Enterprise Singapore (ESG)
Evaluation
- Uniqueness of business concept
- Feasibility of business model
- Potential market value
- Strength of management team
Requirements
- When accepting grant offer letter from ESG
- All co-founders must commit full-time
- Company must be incorporated
- Main applicant (not all co-founders) sign Pledge 1% with ACE
- Main applicant: Singaporean/PR
About Pledge 1%
An easy way to leverage a portion of your future success to support nonprofits
2014
Started by Salesforce, Atlassian and Rally to change the world through inspiring early-stage corporate philanthropy
1%
Net proceeds of company pledged by the main applicant (not startup) will be shared to ACE at the point of sale (eg M&A or IPO)
900+
Various VCs and accelerators are supporting such as 500 startups, TechCrunch, Techstars and Greylock Partners
∞
Support startups with resources and mentorship, promoting the sustainability of startup community
Application Process
Startups in BACECAMP may consider applying for Startup SG
1Apply to BACECAMP
Opens every quarter
2Attend BACECAMP
4 weeks
3Evaluation Panel Review
Last day of BACECAMP
4ESG Review
4 weeks
5Accept Offer & Pledge 1%
1 week
6First 15K Disbursement
2 weeks
7Second 15K Disbursement
Hit milestones within a year
Address
67 Ayer Rajah Crescent
#04-16
JTC LaunchPad@
© 2020 BACECAMP
A structured mentoring programme by ACE