The government will pump S$150 million into the Startup SG Founder programme to continue spurring innovation and entrepreneurship during the Covid-19 pandemic, Deputy Prime Minister and Finance Minister Heng Swee Keat said on Monday. Read more at The Business Times.
The government will pump S$150 million into the Startup SG Founder programme to continue spurring innovation and entrepreneurship during the Covid-19 pandemic, Deputy Prime Minister and Finance Minister Heng Swee Keat said on Monday.
The funds will be used to raise the programme's startup capital grant and continue providing mentorship to startups under the programme. Currently, the scheme provides mentorship and a startup capital grant of S$30,000 to first-time entrepreneurs with innovative business ideas, with startups required to co-match funds of S$10,000 to the grant.
The funding is part of the government's efforts to transform and position the Singapore economy to seize growth opportunities in a post-Covid world, Mr Heng said. In February, the Unity Budget allocated S$8.3 billion over three years for such efforts under the Transformation and Growth strategy. "Firms that have invested in innovation were able to nimbly pivot to new opportunities during this crisis," Mr Heng noted."Our startups are also contributing to economic growth and our efforts against Covid-19."
Singapore Latest News, Singapore Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Extra stimulus for aerospace, aviation and tourism sectors; Singaporeans to get S$320m worth of local tourism creditsJUST IN: Extra stimulus for aerospace, aviation and tourism sectors; Singaporeans to get S$320m worth of local tourism credits, says DPM Heng in ministerial statement announcing S$8 billion worth of COVID19 support measures
Read more »
91 new Covid-19 infections in Singapore, including 6 imported cases; no new cases in the communitySINGAPORE — Singapore has confirmed 91 new cases of Covid-19, said the Ministry of Health (MOH) in a press release on Monday (Aug 17).
Read more »
91 new Covid-19 infections in Singapore, including 6 imported cases; no new cases in the communitySINGAPORE — Singapore has confirmed 91 new cases of Covid-19, said the Ministry of Health (MOH) in a press release on Monday (Aug 17).
Read more »
Singapore reports 91 new COVID-19 cases, including 6 imported and none in the communitySINGAPORE: Singapore reported 91 new COVID-19 cases as of noon on Monday (Aug 17), including six imported infections, said the Ministry of Health ...
Read more »
Singapore's exports grow 6% in July, boosted by surge in gold shipmentsSINGAPORE: Singapore’s non-oil domestic exports (NODX) grew 6 per cent in July from a year ago, beating expectations and bolstered by shipments of ...
Read more »