SINGAPORE: The grant support for first-time start-up entrepreneurs will be raised to S$50,000, as part of enhancements to a support programme ...
SINGAPORE: The grant support for first-time start-up entrepreneurs will be raised to S$50,000, as part of enhancements to a support programme aimed at spurring more new innovative start-ups in Singapore.
Currently, it provides a start-up capital grant of S$30,000 while requiring start-ups to co-match funds of S$10,000 to the grant.This start-up capital grant will be raised to S$50,000 to help “extend the runway" for start-ups to develop their business ideas at a time when generating revenue has become"more challenging", ESG said.Start-ups must also now be formed with minimally three Singaporeans and/or permanent residents, inclusive of founders.
This new three-month initiative will be open to Singapore citizens and permanent residents, during which each participant will receive a monthly stipend of S$1,500.
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