Decacorn X Startup SG Founder Grant
To help foster innovation and build the local startup ecosystem, we support startups in their entrepreneurial journey. Decacorn is an appointed Accredited Mentor Partner (AMP), to administer and promote the Startup SG Founder Grant program.
WHY DECACORN?
With Decacorn’s vast network in the tech startup ecosystem and track record of investments in the region, we are able to provide the following support:
Monthly Check-ins to identify challenges and review progress
Exclusive access to networking events
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 to start and grow.
FAQ
WHAT IS THE PROCESS FOR GRANT APPLICATION?
After making your submission through our funding form here, 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.
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.
WHAT ARE THE OTHER ELIGIBILITY CRITERIA?
Main applicant(s) must:
Be a first-time entrepreneur & Singaporean Citizen / PR Hold more than 30% equity
Be a key decision maker and commit full time to the company upon acceptance of grant
Be operating within six (6) months of incorporation at the point of application
Have minimum 51% Singaporean Citizen/ PR shareholding
Have business activities conducted wholly or mainly in Singapore
Have not received funding for the proposed business idea from another government organisation
Not to be engaging in questionable business activities