Startup SG Equity
The Startup SG Equity scheme aims to stimulate private sector investments into innovative, Singapore-based technology startups with intellectual property and global market potential.
As part of the Startup SG Equity scheme, the government will:
(i) Co-invest with independent, qualified third party investors into eligible startups; and
(ii) Invest in selected venture capital firms that will in turn invest into eligible startups, through a fund-of-funds approach.
SEEDS Capital and SGInnovate have been appointed to manage the co- investment modality under Startup SG Equity.
EDBI has been appointed to manage the fund-of-funds modality under Startup SG Equity.
Under the co-investment modality, Startup SG Equity has different investment parameters for general tech and deep tech startups:
| Investment Parameters | ||
|---|---|---|
| General tech | Deep tech | |
| Investment Cap for each startup | $2M from SEEDS Capital | $8M from SEEDS Capital |
| Co-investment ratio | 7:3 up to the first $250K from SEEDS Capital;1:1 thereafter, up to $2M | 7:3 up to the first $500K from SEEDS Capital;1:1 from $500K to $4M3:7 thereafter, up to $8M |
Under the fund-of-funds modality, the investment parameters for investee funds are as follows:
| Investment Parameters | |
|---|---|
| Investment focus | Early-stage deep tech startups based in Singapore, with a primary focus on Advanced Manufacturing, Pharmbio/Medtech, Agri-food tech. |
| Fund size | Minimum fund size of S$30M |
| Investment Conditions | The Investee Fund can invest up to 20% of its fund size per investee company.Total investments by the Investee Fund into Singapore-based deep tech startups should minimally be matched against EDBI’s capital commitment using a 1:1 ratio or at least 20% of the total fund size. |
SOURCE https://www.startupsg.gov.sg/programmes/4895/startup-sg-equity