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20 Aug 2020 Updated 20 Aug 2020

ESG enhances Startup SG Founder programme to groom new startups to seed next lap of innovation in Singapore

Enterprise Singapore will be enhancing the Startup SG Founder programme to boost the pipeline of new innovative startups in Singapore. Deputy Prime Minister Heng Swee Keat announced during his Ministerial Speech on 17 August that up to S$150 million has been set aside for this. Rolled out since 2017, Startup SG Founder provides first-time entrepreneurs with mentorship support and startup capital grant through Accredited Mentor Partners (AMPs).

Minister for Trade and Industry, Chan Chun Sing, and Minister for Manpower, Josephine Teo, shared more details on the enhancements today during a visit to The Greenhouse, a new incubation space at the Singapore Management University (SMU). The enhancements are:

  • Introduction of three-month Venture Building programmes to groom aspiring entrepreneurs with no business experience to build and scale innovative startups; and
  • Raising the grant support while maintaining the matching amount for the Startup SG Founder grant to help willing entrepreneurs take their first step.

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