SPRING Singapore is the enterprise development agency responsible for helping Singapore enterprises grow.
Two programmes by SPRING that help meet the funding needs of start-ups in Singapore:
SPRING Startup Enterprise Development Scheme (SPRING SEEDS) - The SPRING Start-up Enterprise Development Scheme (SPRING SEEDS) is an equity-based co-financing option for Singapore-based start-ups creating innovative products and/or processes, possessing intellectual content and strong growth potential across international markets. SPRING SEEDS Capital co-invests into commercially viable local start-ups, with differentiated value proposition and matches dollar-for-dollar to third-party investor(s), up to $1million, upon investment approval.
Young Entrepreneurs Scheme for Start-ups (YES! Start-ups) - This scheme provides funding support of up to S$50,000 for youths to set up their innovative startup. SPRING matches S$4 for every S$1 that you raise through self-funding, schools or third-party sources, the grant is capped at S$50,000
This page collects the posts on SPRING and start-ups that have been funded through the programmes by SPRING.
LeapSky Wireless, which is working on a solution that gives business travelers access to wireless Internet on mobile devices by tapping on the host country’s 3G network, has received new funding from India-based telecomms company One97 Communications.
Currently, business travelers are restricted to wifi access in the hotel, which often allows connection to one device, or they have to purchase a local 3G SIM card, which can have prohibitive costs. The hardware consists of a compact wifi router with a SIM card embedded within, giving customers hassle-free access to the Internet while on the go. Read more
Filed under Funding, Innovation & Technology, Mobile, Technology, WebTags: 3G, institute for innovation and entrepreneurship, leapsky wireless, One97 Communications, POV, SIM card, singapore management university, spring, SPRING Singapore, TECS
People who have innovative ideas in medical technology will rejoice when you hear this latest news: as part of the Research, Innovation and Enterprise 2015 plan (PDF), the Singapore government is launching a SGD 40M (USD 32M) fund for medical technology startups.
This funding will be managed by SPRING SEEDS Capital, under a new Biomedical Sciences Accelerator (BSA) programme. They will select up to two BSA operators. High-potential med-tech start-ups will be identified, evaluated, financed and managed as well as to better commercialised the intellectual property developed in the sector by the selected operators. Read more
Referral marketing startup Anafore has just secured their first round of seed financing from BAF Spectrum, engineering co-founder of Skype Toivo Annus, and SPRING SEEDS Capital – a wholly owned subsidiary of SPRING Singapore that co-invests in local start-ups. Read more
Filed under Funding, News Stop, Venture Capital & Private Equity, WebTags: Amazon, Ambient Sound Investments, Anafore, ASI, baf spectrum, bigcartel, Etsy, IDM, IDMPO, iJAM, Magento, SEEDS, Shopify, spring, SPRING SEEDS, Toivo Annus, Volusion, William Klippgen
The Business Times and OCBC Bank first launched the inaugural Emerging Enterprise in 2008 to recognise oustanding small and medium enterprises (SMEs) in Singapore. Winners of the Emerging Enterprise receive attractive prizes to support their growth and development. The Emerging Enterprise marks a first in the SME industry for being an award that reaches out to smaller businesses. Read more
We have been awaiting more details on the 50% tax break for angel investors scheme since it was first announced in Singapore Budget 2010.
Now, SPRING Singapore has released details on the Angel Investors Tax Deduction Scheme. Read more
The talk focused on how start-ups can quickly work out whether their ideas are feasible and we offer 7 tips to do that. This presentation was given during the SPRING Young Entrepreneurs Event and Idea Generation Workshop in Asian Civilizations Museum on 29 March 2010. Here are some tips which I spoke about during the presentation which you will need to get things started: Read more
As a roundup before a brand new year starts, the Ideas.Inc competition organized by Nanyang Technopreneurship Centre, NTU and SPRING Singapore have finally unveiled their last 15 semi-finalists. About 200 teams have registered for the competition with 500 participants falling below the age of 26, with 30 ideas selected for the preliminary round by 40 preliminary round judges. Here are the list of the last 15 semi-finalists Read more
Currently, the Ideas.Inc Business Challenge organized by Nanyang Technopreneurship Centre, NTU and SPRING Singapore is still ongoing before the deadline for executive summary on 27 November 2009. Over the past two months, I have conducted three Executive Summary Workshops in NTC, Civil Service College and National Library Board for about 150 participants. In each of the workshop, I included a short presentation, an ideas generation workshop and an executive summary review with the participants. In this post, I will share with you the Executive Summary presentation which I broke down into four main themes: (1) Identification of a business opportunity, (2) Why and How to write an executive Summary and (3) Resources on sites for people who are setting up businesses should go. Read more
Yes, it’s back. The third installment of the workshop is here. What is an idea? When does an idea become an opportunity? What is innovation? What is the purpose of innovation? Is entrepreneurship merely about tangible, monetary outcomes? Can starting a business lead to satisfaction in one’s life? How does one begin a business? What is the most fundamental requirement in starting up a venture: Guts? Money? Education? Team? Read more
What is an idea? When does an idea become an opportunity? What is innovation? What is the purpose of innovation? Is entrepreneurship merely about tangible, monetary outcomes? Can starting a business lead to satisfaction in one’s life? How does one begin a business? What is the most fundamental requirement in starting up a venture: Guts? Money? Education? Team? Read more
