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.
Singapore, 26 August 2009 – Young aspiring entrepreneurs now have a unique platform to turn their innovative ideas into business ventures. Today, Nanyang Technological University (NTU) and SPRING Singapore have launched the ideas. Business Challenge to spur them on. ideas.inc. is a unique competition that brings together a powerful combination of funding support and expert mentorship for aspiring entrepreneurs. It goes beyond a typical business plan competition to encompass the development and commercialisation of the innovative business ideas. Read more
In this second batch of award announcement, 21 new winners brings the new total of TECS awardess to 38. From over 220 submissions, these 21 were selected based on their commercial potential, scientific and technical strengths, cost-effectiveness and impact of their projects. Read more
Press Release – New type of personalized Christmas ornament is being launched by JuJups using 3D printing technology. JuJups.com, a Singapore based company is launching a 3D printing service this Christmas allowing people to create 3D figurines of themselves and their loved ones as Angels, Santas, and Elves, using the latest in 3D printing technology.
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The Ministry of Trade and Industry (MTI) announced today that the government is enhancing its business financing schemes to support an additional S$2.3 billion in loans to help local firms gain access to credit in this current economic slowdown. Read more
With a global financial crisis going on in the world, it will be a difficult time to find good cushioned MNC jobs. Of course, one possible alternative routes is to be an entrepreneur in Singapore. How do you do that? Cris Wei Zhi (owner of the Young Businessman blog) will tell us about the entrepreneurial talent development fund (SPRING) for students as a guest contributor.
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1. Polytechnics, ITE colleges, junior colleges and secondary schools can now tap on a $4.5 million fund to develop programmes and activities to engage students in entrepreneurship learning opportunities. The Young Entrepreneurs Scheme for Schools or YES! Schools will be launched by Mr Lee Yi Shyan, Minister of State for Trade and Industry and Minister in charge of Entrepreneurship at the Spirit of Enterprise Awards Ceremony 2008 on 10 October 2008. Read more
