Decacorn X Startup SG Founder Grant
To help foster innovation and build the local startup ecosystem, we support startups in their entrepreneurial journey to administer and promote the Startup SG Founder Grant program.
https://www.startupsg.gov.sg/profiles/6011Why Decacorn?
With Decacorn's vast network in the tech startup ecosystem and track record of investments, we are able to provide the following support:
- Monthly Check-ins to identify challenges and review progress
- Access into our network of partners and industry experts
- Free business credits from Amazon Web Services, Google Clouds and many others
- Subsidised Office space in the CBD
Decacorn provides real insights into the venture capital space, equipping promising early-stage startups with key insights and best practices from key startup destinations around the world such as USA, Israel and Central and Eastern Europe (CEE) where most of our portfolio investments and network is to start and grow.
FAQ
What is the Process for Grant Application?
After making your submission through our funding form, we will complete our review and reach out, should your business fulfill the criteria.
If your startup is shortlisted, we will work with your team to determine the appropriate milestones and submit the required documents to Enterprise Singapore (ESG) on your behalf. Approval of the grant will take 5 working days after submission to ESG. Upon approval, the grant will be disbursed in 2 tranches based on agreed-upon project milestones. You will have up to 12 months from the date of the letter of offer to meet the milestones to draw down on the grant.
Would Decacorn be Interested in Investing?
Other than helping your startup to administer the application for your SG Founder Grant, we would also consider investing in your startup on a best effort basis.
Which are our Focus Industries?
We are sector-agnostic investors, and look to back game-changing businesses run by resourceful founders, who use technology as the key driver to harness rapid innovation cycle-led business opportunities with a clear path to monetisation.
What are the Eligibility Criteria?
The Startup SG Founder (SSGF) programme is open to all Singaporeans/Permanent Residents who meet the following conditions at the time of application to EnterpriseSG and throughout the grant period of 12 months.
| Criteria | First Applicant | Second Applicant |
|---|---|---|
| First-time founder | Must be first-time founder with no prior Private Limited entity with ACRA | Need not be first-time founder |
| Employment | Not employed externally, and able to commit full time to the company | May be employed externally and need not be committed full time to the company |
| Entrepreneurship training | Has undergone entrepreneurship training and can provide supporting evidence of such training | Has undergone entrepreneurship training or has prior entrepreneurship experience, and can provide supporting evidence |
| Equity | Applicants who are first-time founders (either first applicant or both applicants), must hold a minimum of 30% equity collectively. Both applicants must hold equity in the company. | |
| Commitment | Both applicants are key decision makers and contribute meaningfully to the company. | |
| Co-matching | Applicants are required to inject co-matching paid-up capital into the startup at a 1:1 ratio to match the grant quantum that they are applying for. | |