• 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%
    • Company
      • Must apply and be accepted for BACECAMP
      • Local shareholding > 51%
      • Incorporated < 6 months when applying to ACE

    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
      • Sign Pledge 1%
  • About Pledge 1%

    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

    900+

    Various VCs and accelerators are supporting such as 500 startups, TechCrunch, Techstars and Greylock Partners

    1%

    Net proceeds of company pledged by the main applicant will be shared to ACE at the point of sale (eg M&A or IPO)

    Support startups with resources and mentorship, promoting the sustainability of startup community

  • Application Process

    Startups in BACECAMP may consider applying, subjected to eligibility

    1

    Apply to BACECAMP

    Opens every quarter

    2

    Attend BACECAMP

    4 weeks

    3

    Evaluation Panel Review

    Last day of BACECAMP

    Application will be submitted to ESG

    4

    ESG Review

    4 weeks

    5

    Accept Offer

    1 week

    6

    First 15K Disbursement

    2 weeks

    7

    Second 15K Disbursement

    Hit milestones within a year