{"id":"4895","bundle":"programme","slug":"startup-sg-equity","title":"Startup SG Equity","datePublished":"2019-04-04T21:30:24","datePublishedFormatted":"04 Apr 2019","lastUpdatedDate":"2026-10-05T13:51:14","lastUpdatedDateFormatted":"05 Oct 2026","logo":[{"url":"https:\/\/www.startupsg.gov.sg\/styles\/logo\/s3\/2025-09\/StartupSG_Logo_Print_Equity.png?itok=-fzmhebR","width":null,"height":55,"alt":"StartupSG Equity","title":""}],"tagline":"Startup SG Equity","summary":"Co-investment opportunities for investors that provide funding support for startups \r\n","body":"\u003Cp\u003EThe Startup SG Equity (SSGE) scheme catalyses private sector investments to support Singapore-based deep tech* startups with global growth potential. The scheme supports startups built on advanced or specialised science or engineering and research-driven intellectual property.\u003C\/p\u003E\u003Cp\u003EUnder SSGE, the government may:\u003C\/p\u003E\u003Col\u003E\u003Cli\u003E\u003Cstrong\u003ECo-invests\u003C\/strong\u003E alongside independent, qualified third-party investors into eligible early-stage deep tech startups based on established co-investment ratios.\u003C\/li\u003E\u003Cli\u003EMake \u003Cstrong\u003Edirect investments\u003C\/strong\u003E into selected growth-stage deep tech startups that operate in domains of high economic and strategic relevance to Singapore, and exhibit clear signs of product-market fit, with ambitious plans for international expansion\u003C\/li\u003E\u003Cli\u003EInvest in selected venture capital firms that will in turn invest into eligible startups, through a \u003Cstrong\u003EFund-of-funds (Fof)\u003C\/strong\u003E approach. The FoF modality support investments in selected VC firms with the capability, track records and networks to back companies from the early to late stages of growth.\u003C\/li\u003E\u003C\/ol\u003E\u003Cp\u003EInvestments are made through appointed fund managers:\u003C\/p\u003E\u003Col\u003E\u003Cli\u003ECo-investments: \u003Ca href=\u0022http:\/\/sggc.sg\/\u0022\u003ESG Growth Capital (SGGC)\u003C\/a\u003E, and \u003Ca href=\u0022https:\/\/www.sginnovate.com\/\u0022\u003ESGInnovate (SGI)\u003C\/a\u003E\u003C\/li\u003E\u003Cli\u003EDirect investments and Fund-of-funds: \u003Ca href=\u0022http:\/\/sggc.sg\/\u0022\u003ESG Growth Capital (SGGC)\u003C\/a\u003E\u0026nbsp;\u003Cbr\u003E\u0026nbsp;\u003C\/li\u003E\u003C\/ol\u003E\u003Cp\u003E\u003Cem\u003E*Deep Tech startups need to have an advanced\/specialised scientific or engineering field and own research-based Intellectual Property (including patents, know-how, trade secrets) that are:\u003C\/em\u003E\u003C\/p\u003E\u003Col\u003E\u003Cli\u003EDifferentiated or proprietary, and\u003C\/li\u003E\u003Cli\u003EWill create new products, processes, or technologies.\u0026nbsp;\u003C\/li\u003E\u003C\/ol\u003E","pillars":[{"id":"1601","name":"Startups","parent":"0"},{"id":"1600","name":"Investors","parent":"0"}],"needs":[{"id":"6945","name":"Funding","children":[],"parent":"0"},{"id":"6947","name":"Partnerships","children":[],"parent":"0"}],"programmes":[{"id":"1613","name":"Singapore-based","parent":"0"}],"resourceCategories":[{"id":"8024","name":"Fundraising","parent":"0"},{"id":"8035","name":"Innovation Resources","parent":"0"},{"id":"8016","name":"Reports","parent":"0"}],"files":[{"url":"https:\/\/www.startupsg.gov.sg\/2019-04\/MR00219_SEEDS-Capital-appoints-seven-partners-to-co-invest-in-agrifood-t....pdf"},{"url":"https:\/\/www.startupsg.gov.sg\/2019-04\/Executive-Summary-Template-Updated.pdf"},{"url":"https:\/\/www.startupsg.gov.sg\/2019-04\/FAQ-on-Startup-SG-Equity.pdf"},{"url":"https:\/\/www.startupsg.gov.sg\/2019-04\/Specifications-Document-for-Agrifood-tech-CFP-2018.pdf"},{"url":"https:\/\/www.startupsg.gov.sg\/2019-11\/Specifications%20Document%20for%20Maritime%20CFP%202019.pdf"},{"url":"https:\/\/www.startupsg.gov.sg\/2020-03\/ESG%20Media%20Fact%20Sheet%20on%20Startup%20SG%20Equity%20at%20MTI%20COS.pdf"},{"url":"https:\/\/www.startupsg.gov.sg\/2020-12\/CFP%202020%20Info%20Pack%20for%20SEEDS%20Capital-Startup%20SG%20Equity%20Partnership.pdf"}],"isStartupFocused":false,"external_link":[],"seo":{"title":"Startup SG Equity | Startup SG Network","description":"Co-investment opportunities for investors that provide funding support for startups","canonical_url":"https:\/\/www.startupsg.gov.sg\/node\/4895","robots":"noindex, nofollow"},"sections":[{"title":"Eligibility","slug":"eligibility","image":[],"body":"\u003Cp\u003E\u003Cstrong\u003ESSGE Investment Focus\u003C\/strong\u003E\u003C\/p\u003E\u003Cp\u003EDeep tech startups (Singapore-based*) or funds with a primary focus on at least one of the following domain areas:\u003C\/p\u003E\u003Cul\u003E\u003Cli\u003EAdvanced Manufacturing,\u003C\/li\u003E\u003Cli\u003EPharmbio\/MedTech,\u003C\/li\u003E\u003Cli\u003EAgrifood Tech,\u003C\/li\u003E\u003Cli\u003ESustainability (such as Energy, Circular Economy, Urban Mobility),\u003C\/li\u003E\u003Cli\u003ESpacetech,\u003C\/li\u003E\u003Cli\u003ESmart Nation and Digital Economy (SNDE) deep tech areas (Quantumtech, Cybersecurity, Generative AI)\u003C\/li\u003E\u003C\/ul\u003E\u003Cp\u003E\u003Cem\u003E*A Singapore-based startup refers to a Singapore-registered, private limited company incorporated for 10 years or less; and develops or possess innovations in Singapore.\u003C\/em\u003E\u003C\/p\u003E\u003Cp\u003E\u003Cstrong\u003ECo-investment (Early stage)\u003C\/strong\u003E\u003C\/p\u003E\u003Ctable class=\u0022table\u0022 style=\u0022border-collapse:collapse;border-style:none;width:100%;\u0022 border=\u00221\u0022 cellspacing=\u00220\u0022 cellpadding=\u00220\u0022\u003E\u003Ctbody\u003E\u003Ctr\u003E\u003Ctd style=\u0022background-color:#E8E8E8;border-color:#D1D1D1;padding:4px 7px;width:601px;\u0022 colspan=\u00222\u0022 width=\u0022601\u0022\u003E\u003Cp style=\u0022line-height:normal;margin-bottom:0cm;\u0022\u003E\u003Cspan style=\u0022color:black;font-family:\u0026quot;Arial\u0026quot;,sans-serif;font-size:11.0pt;\u0022\u003E\u003Cstrong\u003EInvestment Parameters\u003C\/strong\u003E\u003C\/span\u003E\u003C\/p\u003E\u003C\/td\u003E\u003C\/tr\u003E\u003Ctr\u003E\u003Ctd style=\u0022border-bottom-style:solid;border-color:#D1D1D1;border-left-style:solid;border-right-style:solid;border-top-style:none;padding:4px 7px;width:198px;\u0022 width=\u0022198\u0022\u003E\u003Cp style=\u0022line-height:normal;margin-bottom:0cm;\u0022\u003E\u003Cspan style=\u0022font-family:\u0026quot;Arial\u0026quot;,sans-serif;font-size:11.0pt;\u0022\u003ESSGE Investment Cap for each deep tech startup\u003C\/span\u003E\u003C\/p\u003E\u003Cp style=\u0022line-height:normal;margin-bottom:0cm;\u0022\u003E\u0026nbsp;\u003C\/p\u003E\u003C\/td\u003E\u003Ctd style=\u0022border-bottom:1px solid #D1D1D1;border-left-style:none;border-right:1px solid #D1D1D1;border-top-style:none;padding:4px 7px;width:403px;\u0022 width=\u0022403\u0022\u003E\u003Cp style=\u0022line-height:normal;margin-bottom:0cm;\u0022\u003E\u003Cspan style=\u0022font-family:\u0026quot;Arial\u0026quot;,sans-serif;font-size:11.0pt;\u0022\u003ES$12 million\u003C\/span\u003E\u003C\/p\u003E\u003C\/td\u003E\u003C\/tr\u003E\u003Ctr\u003E\u003Ctd style=\u0022border-bottom-style:solid;border-color:#D1D1D1;border-left-style:solid;border-right-style:solid;border-top-style:none;padding:4px 7px;width:198px;\u0022 width=\u0022198\u0022\u003E\u003Cp style=\u0022line-height:normal;margin-bottom:0cm;\u0022\u003E\u003Cspan style=\u0022font-family:\u0026quot;Arial\u0026quot;,sans-serif;font-size:11.0pt;\u0022\u003ECo-investment Ratio\u003C\/span\u003E\u003C\/p\u003E\u003Cp style=\u0022line-height:normal;margin-bottom:0cm;\u0022\u003E\u003Cspan style=\u0022font-family:\u0026quot;Arial\u0026quot;,sans-serif;font-size:11.0pt;\u0022\u003E(SGGC \/SGI: co-investor)\u003C\/span\u003E\u003C\/p\u003E\u003Cp style=\u0022line-height:normal;margin-bottom:0cm;\u0022\u003E\u0026nbsp;\u003C\/p\u003E\u003C\/td\u003E\u003Ctd style=\u0022border-bottom:1px solid #D1D1D1;border-left-style:none;border-right:1px solid #D1D1D1;border-top-style:none;padding:4px 7px;width:403px;\u0022 width=\u0022403\u0022\u003E\u003Cp style=\u0022line-height:normal;margin-bottom:0cm;\u0022\u003E\u003Cspan style=\u0022font-family:\u0026quot;Arial\u0026quot;,sans-serif;font-size:11.0pt;\u0022\u003E2:1 up to the first S$1 million\u003C\/span\u003E\u003C\/p\u003E\u003Cp style=\u0022line-height:normal;margin-bottom:0cm;\u0022\u003E\u003Cspan style=\u0022font-family:\u0026quot;Arial\u0026quot;,sans-serif;font-size:11.0pt;\u0022\u003E1:1 thereafter, up to S$4 million\u003C\/span\u003E\u003C\/p\u003E\u003Cp style=\u0022line-height:normal;margin-bottom:0cm;\u0022\u003E\u003Cspan style=\u0022font-family:\u0026quot;Arial\u0026quot;,sans-serif;font-size:11.0pt;\u0022\u003E1:2 thereafter, up to S$8 million\u003C\/span\u003E\u003C\/p\u003E\u003Cp style=\u0022line-height:normal;margin-bottom:0cm;\u0022\u003E\u003Cspan style=\u0022font-family:\u0026quot;Arial\u0026quot;,sans-serif;font-size:11.0pt;\u0022\u003E1:3 thereafter, up to S$12 million\u003C\/span\u003E\u003C\/p\u003E\u003Cp style=\u0022line-height:normal;margin-bottom:0cm;\u0022\u003E\u0026nbsp;\u003C\/p\u003E\u003Cp style=\u0022line-height:normal;margin-bottom:0cm;\u0022\u003E\u003Cspan style=\u0022font-family:\u0026quot;Arial\u0026quot;,sans-serif;font-size:11.0pt;\u0022\u003EAs of 27 Feb 2026.\u003C\/span\u003E\u003C\/p\u003E\u003C\/td\u003E\u003C\/tr\u003E\u003C\/tbody\u003E\u003C\/table\u003E\u003Cp\u003E\u0026nbsp;\u003C\/p\u003E\u003Cp\u003E\u003Cstrong\u003EDirect investments (Growth stage)\u003C\/strong\u003E\u003C\/p\u003E\u003Ctable class=\u0022table\u0022 style=\u0022border-collapse:collapse;border-style:none;width:100%;\u0022 border=\u00221\u0022 cellspacing=\u00220\u0022 cellpadding=\u00220\u0022\u003E\u003Ctbody\u003E\u003Ctr\u003E\u003Ctd style=\u0022background-color:#E8E8E8;border-color:#D1D1D1;padding:4px 7px;width:601px;\u0022 colspan=\u00222\u0022 width=\u0022601\u0022\u003E\u003Cp style=\u0022line-height:normal;margin-bottom:0cm;\u0022\u003E\u003Cspan style=\u0022color:black;font-size:11.0pt;\u0022\u003E\u003Cstrong\u003EInvestment Parameters\u003C\/strong\u003E\u003C\/span\u003E\u003C\/p\u003E\u003C\/td\u003E\u003C\/tr\u003E\u003Ctr\u003E\u003Ctd style=\u0022border-bottom-style:solid;border-color:#D1D1D1;border-left-style:solid;border-right-style:solid;border-top-style:none;padding:4px 7px;width:198px;\u0022 width=\u0022198\u0022\u003E\u003Cp style=\u0022line-height:normal;margin-bottom:0cm;\u0022\u003E\u003Cspan style=\u0022font-size:11.0pt;\u0022\u003ESGGC\u2019s involvement in funding round\u003C\/span\u003E\u003C\/p\u003E\u003Cp style=\u0022line-height:normal;margin-bottom:0cm;\u0022\u003E\u0026nbsp;\u003C\/p\u003E\u003C\/td\u003E\u003Ctd style=\u0022border-bottom:1px solid #D1D1D1;border-left-style:none;border-right:1px solid #D1D1D1;border-top-style:none;padding:4px 7px;width:403px;\u0022 width=\u0022403\u0022\u003E\u003Cp style=\u0022line-height:normal;margin-bottom:0cm;\u0022\u003E\u003Cspan style=\u0022font-size:11.0pt;\u0022\u003E\u0026nbsp;SGGC can lead or co-lead rounds. Investment should still be part of a funding round that includes participation from at least one other institutional investor.\u003C\/span\u003E\u003C\/p\u003E\u003Cp style=\u0022line-height:normal;margin-bottom:0cm;\u0022\u003E\u0026nbsp;\u003C\/p\u003E\u003C\/td\u003E\u003C\/tr\u003E\u003Ctr style=\u0022height:15.0pt;\u0022\u003E\u003Ctd style=\u0022border-bottom-style:solid;border-color:#D1D1D1;border-left-style:solid;border-right-style:solid;border-top-style:none;height:20px;padding:4px 7px;width:198px;\u0022 width=\u0022198\u0022\u003E\u003Cp style=\u0022line-height:normal;margin-bottom:0cm;\u0022\u003E\u003Cspan style=\u0022font-size:11.0pt;\u0022\u003EGrowth Stage\u003C\/span\u003E\u003C\/p\u003E\u003C\/td\u003E\u003Ctd style=\u0022border-bottom:1px solid #D1D1D1;border-left-style:none;border-right:1px solid #D1D1D1;border-top-style:none;height:20px;padding:4px 7px;width:403px;\u0022 width=\u0022403\u0022\u003E\u003Cp style=\u0022line-height:normal;margin-bottom:0cm;\u0022\u003E\u003Cspan style=\u0022font-size:11.0pt;\u0022\u003ECompanies should have already raised substantial capital from institutional investors, with a well-established management team.\u003C\/span\u003E\u003C\/p\u003E\u003Cp style=\u0022line-height:normal;margin-bottom:0cm;\u0022\u003E\u0026nbsp;\u003C\/p\u003E\u003C\/td\u003E\u003C\/tr\u003E\u003Ctr\u003E\u003Ctd style=\u0022border-bottom-style:solid;border-color:#D1D1D1;border-left-style:solid;border-right-style:solid;border-top-style:none;padding:4px 7px;width:198px;\u0022 width=\u0022198\u0022\u003E\u003Cp style=\u0022line-height:normal;margin-bottom:0cm;\u0022\u003E\u003Cspan style=\u0022font-size:11.0pt;\u0022\u003EGrowth Potential\u003C\/span\u003E\u003C\/p\u003E\u003C\/td\u003E\u003Ctd style=\u0022border-bottom:1px solid #D1D1D1;border-left-style:none;border-right:1px solid #D1D1D1;border-top-style:none;padding:4px 7px;width:403px;\u0022 width=\u0022403\u0022\u003E\u003Cp style=\u0022line-height:normal;margin-bottom:0cm;\u0022\u003E\u003Cspan style=\u0022font-size:11.0pt;\u0022\u003EAble to demonstrate growth potential, with clear signs of product-market fit, scalability and ambitious plans for international expansion from Singapore.\u003C\/span\u003E\u003C\/p\u003E\u003Cp style=\u0022line-height:normal;margin-bottom:0cm;\u0022\u003E\u0026nbsp;\u003C\/p\u003E\u003Cp style=\u0022line-height:normal;margin-bottom:0cm;\u0022\u003E\u003Cspan style=\u0022font-size:11.0pt;\u0022\u003EIndicators vary by sector and could include (but not limited to) customer traction, market validation and\/or revenue growth\u003C\/span\u003E\u003C\/p\u003E\u003Cp style=\u0022line-height:normal;margin-bottom:0cm;\u0022\u003E\u0026nbsp;\u003C\/p\u003E\u003C\/td\u003E\u003C\/tr\u003E\u003C\/tbody\u003E\u003C\/table\u003E\u003Cp\u003E\u0026nbsp;\u003C\/p\u003E\u003Cp\u003E\u003Cstrong\u003EFund-of-funds\u003C\/strong\u003E\u003C\/p\u003E\u003Ctable class=\u0022table\u0022 style=\u0022border-collapse:collapse;border-style:none;width:100%;\u0022 border=\u00221\u0022 cellspacing=\u00220\u0022 cellpadding=\u00220\u0022\u003E\u003Ctbody\u003E\u003Ctr\u003E\u003Ctd style=\u0022background-color:#E8E8E8;border-color:#D1D1D1;padding:4px 7px;width:601px;\u0022 colspan=\u00222\u0022 width=\u0022601\u0022\u003E\u003Cp style=\u0022line-height:normal;margin-bottom:0cm;\u0022\u003E\u003Cspan style=\u0022color:black;font-size:11.0pt;\u0022\u003E\u003Cstrong\u003EInvestment Parameters\u003C\/strong\u003E\u003C\/span\u003E\u003C\/p\u003E\u003C\/td\u003E\u003C\/tr\u003E\u003Ctr\u003E\u003Ctd style=\u0022border-bottom-style:solid;border-color:#D1D1D1;border-left-style:solid;border-right-style:solid;border-top-style:none;padding:4px 7px;width:198px;\u0022 width=\u0022198\u0022\u003E\u003Cp style=\u0022line-height:normal;margin-bottom:0cm;\u0022\u003E\u003Cspan style=\u0022font-size:11.0pt;\u0022\u003EInvestee Fund Size\u0026nbsp;\u003C\/span\u003E\u003C\/p\u003E\u003C\/td\u003E\u003Ctd style=\u0022border-bottom:1px solid #D1D1D1;border-left-style:none;border-right:1px solid #D1D1D1;border-top-style:none;padding:4px 7px;width:403px;\u0022 width=\u0022403\u0022\u003E\u003Cp style=\u0022line-height:normal;margin-bottom:0cm;\u0022\u003E\u003Cspan style=\u0022font-size:11.0pt;\u0022\u003EMinimum fund size of S$30 million\u003C\/span\u003E\u003C\/p\u003E\u003C\/td\u003E\u003C\/tr\u003E\u003Ctr\u003E\u003Ctd style=\u0022border-bottom-style:solid;border-color:#D1D1D1;border-left-style:solid;border-right-style:solid;border-top-style:none;padding:4px 7px;width:198px;\u0022 width=\u0022198\u0022\u003E\u003Cp style=\u0022line-height:normal;margin-bottom:0cm;\u0022\u003E\u003Cspan style=\u0022font-size:11.0pt;\u0022\u003EInvestment Conditions\u003C\/span\u003E\u003C\/p\u003E\u003Cp class=\u0022text-align-right\u0022 style=\u0022line-height:normal;margin-bottom:0cm;\u0022\u003E\u0026nbsp;\u003C\/p\u003E\u003C\/td\u003E\u003Ctd style=\u0022border-bottom:1px solid #D1D1D1;border-left-style:none;border-right:1px solid #D1D1D1;border-top-style:none;padding:4px 7px;width:403px;\u0022 width=\u0022403\u0022\u003E\u003Col style=\u0022list-style-type:lower-roman;padding-left:72px;\u0022\u003E\u003Cli\u003E\u003Cp style=\u0022line-height:normal;margin-bottom:0cm;margin-right:0cm;margin-top:0cm;\u0022\u003E\u003Cspan style=\u0022font-size:11.0pt;\u0022\u003EStrong commitment to invest in Singapore-based deep tech startups in the above deep tech focus areas.\u003C\/span\u003E\u003C\/p\u003E\u003C\/li\u003E\u003Cli\u003E\u003Cp style=\u0022line-height:normal;margin-bottom:0cm;margin-right:0cm;margin-top:0cm;\u0022\u003E\u003Cspan style=\u0022font-size:11.0pt;\u0022\u003EGeneral Partner should have experience in leading early-stage and\/or growth-stage investment rounds in deep tech startups with a track record of positive IRR.\u003C\/span\u003E\u003C\/p\u003E\u003C\/li\u003E\u003Cli\u003E\u003Cp style=\u0022line-height:normal;margin-bottom:0cm;margin-right:0cm;margin-top:0cm;\u0022\u003E\u003Cspan style=\u0022font-size:11.0pt;\u0022\u003EManagement team should have strong management experience, technical and financial expertise to ensure robust decision-making processes.\u003C\/span\u003E\u003C\/p\u003E\u003C\/li\u003E\u003Cli\u003E\u003Cp style=\u0022line-height:normal;margin-bottom:0cm;margin-right:0cm;margin-top:0cm;\u0022\u003E\u003Cspan style=\u0022font-size:11.0pt;\u0022\u003EStrong business networks with access to deal flow, funding, and commercialisation networks to facilitate the growth of investee startups.\u003C\/span\u003E\u003C\/p\u003E\u003C\/li\u003E\u003C\/ol\u003E\u003Cp style=\u0022line-height:normal;margin-bottom:0cm;\u0022\u003E\u0026nbsp;\u003C\/p\u003E\u003C\/td\u003E\u003C\/tr\u003E\u003C\/tbody\u003E\u003C\/table\u003E\u003Cp\u003E\u0026nbsp;\u003C\/p\u003E"},{"title":"Apply","slug":"apply","image":[],"body":"\u003Cp\u003E\u003Cstrong\u003EFor applicants interested in co-investment:\u003C\/strong\u003E\u003C\/p\u003E\u003Cp\u003EApplicants must submit a two-page executive summary and supporting documents of the business for a first-level assessment\u003C\/p\u003E\u003Col\u003E\u003Cli\u003EBusiness plan\u003C\/li\u003E\u003Cli\u003EFinancial statements or management accounts\u003C\/li\u003E\u003Cli\u003EBusiness ACRA\u003C\/li\u003E\u003Cli\u003EBackground of potential co-investor (if available)\u003C\/li\u003E\u003C\/ol\u003E\u003Cp\u003EYou may email your documents to SGGC (\u003Ca href=\u0022mailto:infohq@sggc.sg\u0022\u003Einfohq@sggc.sg\u003C\/a\u003E) or SGInnovate (\u003Ca href=\u0022mailto:investmentsadmin@sginnovate.com\u0022\u003Einvestmentsadmin@sginnovate.com\u003C\/a\u003E).\u003C\/p\u003E\u003Cp\u003E\u003Cbr\u003E\u003Cstrong\u003EFor applicants interested in direct investment:\u003C\/strong\u003E\u003C\/p\u003E\u003Cp\u003EApplicants must submit a two-page executive summary and supporting documents of the business for a first-level assessment\u003C\/p\u003E\u003Col\u003E\u003Cli\u003EBusiness plan (including internationalisation\/expansion plan)\u003C\/li\u003E\u003Cli\u003EFinancial statements or management accounts\u003C\/li\u003E\u003Cli\u003EBusiness ACRA\u003C\/li\u003E\u003C\/ol\u003E\u003Cp\u003EYou may email your documents to SGGC (\u003Ca href=\u0022mailto:infohq@sggc.sg\u0022\u003Einfohq@sggc.sg\u003C\/a\u003E).\u003C\/p\u003E\u003Cp\u003E\u0026nbsp;\u003C\/p\u003E\u003Cp\u003E\u003Cstrong\u003EFor applicants interested in fund-of-funds investment:\u003C\/strong\u003E\u003C\/p\u003E\u003Cp\u003EApplicants must submit a corporate deck or executive summary including the following:\u003C\/p\u003E\u003Col\u003E\u003Cli\u003ETeam credentials and experience investing in deep tech\u003C\/li\u003E\u003Cli\u003ETrack record of previous funds (including Net IRR, Net MOIC, DPI, exits)\u003C\/li\u003E\u003Cli\u003EInvestment focus areas\u003C\/li\u003E\u003Cli\u003EList of portfolio companies (including those already exited) that fall into at least one of the following domain areas:\u003Cul\u003E\u003Cli\u003EAdvanced Manufacturing and Engineering\u003C\/li\u003E\u003Cli\u003EPharmbio\/Medtech\u003C\/li\u003E\u003Cli\u003EAgrifood Tech\u003C\/li\u003E\u003Cli\u003ESustainability (such as Energy, Circular Economy, Urban Mobility)\u003C\/li\u003E\u003Cli\u003ESpacetech\u003C\/li\u003E\u003Cli\u003ESmart Nation and Digital Economy (SNDE) deep tech areas (Quantumtech, Cybersecurity, Generative AI)\u003C\/li\u003E\u003C\/ul\u003E\u003C\/li\u003E\u003Cli\u003EFund Prospectus (If available)\u003C\/li\u003E\u003C\/ol\u003E\u003Cp\u003EYou may email your documents to SGGC (\u003Ca href=\u0022mailto:infohq@sggc.sg\u0022\u003Einfohq@sggc.sg\u003C\/a\u003E).\u003C\/p\u003E\u003Cp\u003E\u0026nbsp;\u003C\/p\u003E\u003Cp\u003E\u003Cstrong\u003EAbout SG Growth Capital (SGGC)\u003C\/strong\u003E\u003C\/p\u003E\u003Cp\u003E\u003Ca href=\u0022http:\/\/sggc.sg\/\u0022\u003ESG Growth Capital\u003C\/a\u003E is the strategic investment platform of Singapore Economic Development Board (EDB) and Enterprise Singapore. We provide capital, networks and expertise to help portfolio companies scale across the region and globally. Through our investment arms EDBI and SEEDS, we back global leaders and local startups to drive innovation, create good jobs and support Singapore\u2019s long-term economic resilience.\u003C\/p\u003E\u003Cp\u003E\u003Cstrong\u003EAbout SGInnovate\u003C\/strong\u003E\u003C\/p\u003E\u003Cp\u003EAt SGInnovate, we are looking to partner with entrepreneurial scientists who have the ambition, passion and expertise to develop Deep Tech solutions to challenging global problems. We believe that Singapore has all the resources and capabilities needed to tackle \u2018hard problems\u2019 that matter to people around the world. Our mission is to enable ambitious and capable individuals and exceptional teams to imagine, start, and scale globally-relevant technologies. With the support of our global partners, SGInnovate\u2019s priority is to work with founders that have research-originated IP at the core of their company, and to build enduring companies that improve the way we work, live and play. We add value, offer expert guidance, and back entrepreneurs through equity-based investments, and provide them with access to talent and support in building customer traction. We prioritise our efforts around deep technologies such as Autonomous Intelligence, Quantum technology, Medical \u0026amp; Biotech, Advanced Robotics, and Agri-food Tech. SGInnovate is a private-limited company wholly owned by the Singapore Government.\u003Cbr\u003E\u0026nbsp;\u003C\/p\u003E"},{"title":"Partners","slug":"partners","image":[],"body":"\u003Cp\u003EPlease refer to SEEDS Capital\u0027s page for their full list of co-investment partners: \u003Ca href=\u0022https:\/\/www.seedscapital.sg\/our-network\/co-investment-partners\/\u0022\u003EOur Partners\u003C\/a\u003E\u003C\/p\u003E\u003Cp\u003EPlease contact SGInnovate for their list of co-investment partners: \u003Ca href=\u0022mailto: investmentsadmin@sginnovate.com\u0022\u003Einvestmentsadmin@sginnovate.com\u003C\/a\u003E\u003C\/p\u003E"},{"title":"Frequently Asked Questions","slug":"frequently-asked-questions","image":[],"body":"\u003Cp\u003E\u003Cstrong\u003E1. Startups\u003C\/strong\u003E\u003C\/p\u003E\u003Cp\u003E\u003Cstrong\u003E1.1 What does Singapore-based mean?\u003C\/strong\u003E\u003C\/p\u003E\u003Cp\u003E\u003Cspan style=\u0022font-family:\u0026quot;Arial\u0026quot;,sans-serif;font-size:11.0pt;line-height:115%;\u0022\u003EA Singapore-based startup refers to a Singapore-registered, private limited company (including Singapore-incorporated subsidiaries or holding companies that own Singapore-based startups) incorporated for 10 years or less*; and develops or possess innovations in Singapore.\u003C\/span\u003E\u003C\/p\u003E\u003Cp\u003E\u003Cem\u003E\u003Cspan style=\u0022font-family:\u0026quot;Arial\u0026quot;,sans-serif;font-size:11.0pt;line-height:115%;\u0022\u003E*The 10-year limit does not extend to growth-stage startups.\u003C\/span\u003E\u003C\/em\u003E\u003C\/p\u003E\u003Cp\u003E\u003Cspan style=\u0022font-family:\u0026quot;Arial\u0026quot;,sans-serif;font-size:11.0pt;line-height:115%;\u0022\u003E\u003Cstrong\u003E1.2 Can startups with foreign founders consider raising equity financing under Startup SG Equity?\u003C\/strong\u003E\u003C\/span\u003E\u003C\/p\u003E\u003Cp\u003E\u003Cspan style=\u0022font-family:\u0026quot;Arial\u0026quot;,sans-serif;font-size:11.0pt;line-height:115%;\u0022\u003EYes, startups with foreign founders can consider raising equity financing under Startup SG Equity. Please refer to\u0026nbsp;\u003C\/span\u003E\u003Ca href=\u0022https:\/\/www.startupsg.gov.sg\/programmes\/4895\/startup-sg-equity\/eligibility\u0022\u003E\u003Cspan style=\u0022font-family:\u0026quot;Arial\u0026quot;,sans-serif;font-size:11.0pt;line-height:115%;\u0022\u003EEligibility\u003C\/span\u003E\u003C\/a\u003E\u003Cspan style=\u0022font-family:\u0026quot;Arial\u0026quot;,sans-serif;font-size:11.0pt;line-height:115%;\u0022\u003E for the eligibility criteria.\u003C\/span\u003E\u003C\/p\u003E\u003Cp\u003E\u003Cspan style=\u0022font-family:\u0026quot;Arial\u0026quot;,sans-serif;font-size:11.0pt;line-height:115%;\u0022\u003E\u003Cstrong\u003E1.3 Will the application outcome for the Startup SG Equity Scheme affect my application for other grants (i.e. Startup SG Founder\/Startup SG Tech)?\u003C\/strong\u003E\u003C\/span\u003E\u003C\/p\u003E\u003Cp\u003E\u003Cspan style=\u0022font-family:\u0026quot;Arial\u0026quot;,sans-serif;font-size:11.0pt;line-height:115%;\u0022\u003EThe application outcome for SSG Equity Scheme is discrete and does not affect the applications for other grants which have different considerations. Companies which are already receiving grants from Enterprise Singapore are also not excluded from applying for Startup SG Equity scheme.\u003C\/span\u003E\u003C\/p\u003E\u003Cp\u003E\u003Cstrong\u003E1.4 \u003C\/strong\u003E\u003Cspan style=\u0022font-family:\u0026quot;Arial\u0026quot;,sans-serif;font-size:11.0pt;line-height:115%;\u0022\u003E\u003Cstrong\u003EHow will startups be assessed?\u003C\/strong\u003E\u003C\/span\u003E\u003C\/p\u003E\u003Cp\u003E\u003Cspan style=\u0022font-family:\u0026quot;Arial\u0026quot;,sans-serif;font-size:11.0pt;line-height:115%;\u0022\u003EStartups will be assessed based on strategic and financial considerations. \u003Cu\u003EGrowth-stage\u003C\/u\u003E startups should operate in domains of high economic and strategic relevance to Singapore, and exhibit clear signs of product-market fit, with ambitious plans for international expansion.\u003C\/span\u003E\u003C\/p\u003E\u003Cp\u003E\u003Cstrong\u003E1.5 \u003C\/strong\u003E\u003Cspan style=\u0022font-family:\u0026quot;Arial\u0026quot;,sans-serif;font-size:11.0pt;line-height:115%;\u0022\u003E\u003Cstrong\u003ESG Growth Capital is the investment platform of the Singapore Economic Development Board (EDB) and Enterprise Singapore. As one of the fund managers under Startup SG Equity, they have developed additional FAQs on the co-investment modality. \u003C\/strong\u003E\u003C\/span\u003E\u003Ca href=\u0022https:\/\/www.seedscapital.sg\/about-us\/faqs\/\u0022\u003E\u003Cspan style=\u0022font-family:\u0026quot;Arial\u0026quot;,sans-serif;font-size:11.0pt;line-height:115%;\u0022\u003E\u003Cstrong\u003EPlease refer to the webpage for more information.\u003C\/strong\u003E\u003C\/span\u003E\u003C\/a\u003E\u003C\/p\u003E\u003Cp\u003E\u0026nbsp;\u003C\/p\u003E\u003Cp\u003E\u003Cstrong\u003E2. Venture Capital Funds\u003C\/strong\u003E\u003C\/p\u003E\u003Cp\u003E\u003Cstrong\u003E2.1 \u003C\/strong\u003E\u003Cspan style=\u0022font-size:11.0pt;line-height:115%;\u0022\u003E\u003Cstrong\u003ECan the investee fund invest only in startups in the following deep tech sectors? \u003C\/strong\u003E\u003C\/span\u003E\u003Cem\u003E\u003Cspan style=\u0022font-size:11.0pt;line-height:115%;\u0022\u003E\u003Cstrong\u003E(Advanced Manufacturing and Engineering, Pharmbio\/Medtech, Agrifood Tech, Sustainability (such as Energy, Circular Economy, Urban Mobility), Spacetech, SNDE deep tech areas (Quantumtech, Cybersecurity Generative AI.))\u003C\/strong\u003E\u003C\/span\u003E\u003C\/em\u003E\u003C\/p\u003E\u003Cp\u003E\u003Cspan style=\u0022font-size:11.0pt;line-height:115%;\u0022\u003EInvestee funds should have a primary focus in these sectors, and the GP should also have a track record in investing in deep tech startups in these sectors.\u003C\/span\u003E\u003C\/p\u003E\u003Cp\u003E\u003Cspan style=\u0022font-size:11.0pt;line-height:115%;\u0022\u003E\u003Cstrong\u003E2.2 What is considered a deep tech startup?\u003C\/strong\u003E\u003C\/span\u003E\u003C\/p\u003E\u003Cp\u003E\u003Cspan style=\u0022font-size:11.0pt;line-height:115%;\u0022\u003EDeep Tech startups need to have an advanced\/specialised scientific or engineering field and own research-based Intellectual Property (including patents, know-how, trade secrets) that are:\u003C\/span\u003E\u003C\/p\u003E\u003Col\u003E\u003Cli\u003E\u003Cspan style=\u0022font-size:11.0pt;line-height:115%;\u0022\u003EDifferentiated or proprietary, and\u003C\/span\u003E\u003C\/li\u003E\u003Cli\u003E\u003Cspan style=\u0022font-size:11.0pt;line-height:115%;\u0022\u003EWill create new products, processes, or technologies.\u003C\/span\u003E\u003C\/li\u003E\u003C\/ol\u003E\u003Cp\u003E\u003Cspan style=\u0022font-size:11.0pt;line-height:115%;\u0022\u003E\u003Cstrong\u003E2.3 Are overseas venture capital firms eligible for investment?\u003C\/strong\u003E\u003C\/span\u003E\u003C\/p\u003E\u003Cp\u003E\u003Cspan style=\u0022font-size:11.0pt;line-height:115%;\u0022\u003EInvestee funds should have a strong commitment to two of the following:\u003C\/span\u003E\u003C\/p\u003E\u003Col\u003E\u003Cli\u003E\u003Cspan style=\u0022font-size:11.0pt;line-height:115%;\u0022\u003Einvest in Singapore-based deep tech startups,\u003C\/span\u003E\u003C\/li\u003E\u003Cli\u003E\u003Cspan style=\u0022font-size:11.0pt;line-height:115%;\u0022\u003Econtribute their expertise to Singapore\u2019s ecosystem,\u003C\/span\u003E\u003C\/li\u003E\u003Cli\u003E\u003Cspan style=\u0022font-size:11.0pt;line-height:115%;\u0022\u003Edirect their foreign deep tech portfolio companies to set up meaningful presence in Singapore.\u003C\/span\u003E\u003C\/li\u003E\u003C\/ol\u003E\u003Cp\u003E\u003Cspan style=\u0022font-size:11.0pt;line-height:115%;\u0022\u003E\u003Cstrong\u003E2.4 How are potential investee funds assessed?\u003C\/strong\u003E\u003C\/span\u003E\u003C\/p\u003E\u003Cp\u003E\u003Cspan style=\u0022font-size:11.0pt;line-height:115%;\u0022\u003EApplicants will be assessed according to the eligibility criteria, including but not limited to, investment focus areas, fund strategy, team\u2019s capability and investment track record.\u0026nbsp;\u003C\/span\u003E\u003C\/p\u003E"}],"callToAction":null}