Venture, Innovation and Entrepreneurship (VIE) FAQ
Eligibility
At least 2 SC/PR applicants who
- Are first-time founders (i.e. have no prior Private Limited entity on ACRA).
- Are key decision makers and contribute meaningfully to the company.
- Are not employed externally and who are able to commit full time to the company.
- External employment is where employers, contribute CPF for their employees (apart from the entity recipient of the Startup SG Founder grant). Full-time National Service is considered employment.
- Full time commitment is not fulfilled if applicant is engaged in studies or part-time work (i.e. Students with ongoing academic commitments are not considered full-time committed to the company).
- Have undergone entrepreneurship training.
- Hold equity in the company, with a minimum of 30% collectively.
What kind of support can I receive?
As our portfolio company, we aim to help you succeed. You will get priority to our range of incubation support from mentors, industry experts, venture partners, networking opportunities and introductions to potential investors.
What are the investment terms?
No two start-ups are the same, the investment terms vary with each start-up. You can speak us to learn more.
What kind of due diligence is done?
We will be interested in your plans, markets, competitors and financial forecasts. To expedite discussion, you can share with us your start-up’s information through your data room.
If you have any questions regarding how to do up your data room, feel free to reach out to us at entrepreneurship@sutd.edu.sg!
How much is the investment amount?
The investment amount depends on several considerations including the amount that the start-up is looking to raise, the stage of development of the start-up and the start-up potential.
When should I start reaching out?
Anytime from the point when your startup is deciding or not whether or not to fundraise, feel free to reach out to us at entrepreneurship@sutd.edu.sg!
At what stage should my start-up be, to qualify for this investment?
We invest in start-ups from the pre-seed stage all the way to Series rounds. If your startup is at a stage that is ready to scale beyond proof of concept and requires external funding to do so, do come and talk to us at entrepreneurship@sutd.edu.sg.
Are there any restrictions on the type of startups?
Startups should not have a proposed business idea that falls under the list provided below:
Cafes, restaurants, night clubs, lounges, bars, foot reflexology, massage parlours, gambling, prostitution, social escort services, employment agencies (including recruiting foreign work permit holders and workers/support staff, relocation services, and manpower services), and geomancy.
Am I eligible if I'm not from SUTD?
We are interested to find out more about you and your start-up. Come and speak to us at entrepreneurship@sutd.edu.sg.
What can I expect to gain upon completion?
On top of the newly gained knowledge, inspiration and relationships built with like-minded participants, you can expect to gain better clarity on how to proceed with your idea.