ACE Startups Grant

Are you a first-time entrepreneur with a unique business idea? Get up to S$50,000 in co-matching funds to start.
*From May 2014, the Call for Proposals closes on the last working day of even months (i.e. June/August/October, etc) at 5pm

  • All Singapore Citizens and Permanent Residents who:
    • are first-time entrepreneurs*
    • hold at least 51% equity in the company 
    • are the key decision makers and committed to the company on a full-time basis
    • have parental consent if they are below 18 years old at the point of application

    You will be classified as a 'First time entrepreneur' if you have never registered any type of business entities with ACRA. To check if you have any previous ACRA records, you may use the 'people search' function at iShop@ACRA.

  • Your company must not:
    • be registered or incorporated for more than 6 months at the date of submission
    • have received any funding for the proposed business idea from another Government agency
  • Your proposed business idea must not be in the following list:
    • nightclubs, lounges, bars 
    • foot reflexology, massage parlours 
    • gambling 
    • prostitution, social escort services
    • employment agencies (including recruitment of foreign workers, relocation services and manpower services)
    • geomancy
  • The ACE Startups grant provides funding support to entrepreneurial Singaporeans who want to take their first step in starting up differentiated businesses.
  • ACE will match S$7 to every S$3 raised by the entrepreneur for up to S$50,000.
    i.e. For you to receive a grant of $50,000, you will need to raise $21,429 for co-matching.
  • If your start-up is in a capital intensive industry, you may consider applying for an additional S$50,000. For this, ACE will match S$3 to every S$7 raised by the entrepreneur. 
    i.e. For you to receive a grant of $100,000, you will need to raise  $21,429 + $116,667 = $138,095 in total for co-matching. 
  • ACE does not take equity in your company and will offer the grant over 2 – 3 tranches of about $10,000 - $25,000 each. Each tranche of the grant will be released to you when you hit pre-determined milestones.
  • In addition, ACE will also match you with a mentor, who will support the sustainable growth of your start-up in its first year.

How-to Guide: Apply For ACE Startups Grant
ACE Grant Info Sheet 
Action Community for Entrepreneurship (ACE)

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