Technology Incubation Scheme
The Technology Incubation Scheme (TIS) was a government funding program of the National Research Foundation (NRF) of Singapore.[1] The scheme was started in 2009 and ended on 30 June 2016.[2]
Details of the Program
[edit]The TIS program selected funds that matched the following criteria:[3]
- Funds that can incubate and nurture young start-ups prior to venture capital funding.
- The program matches investments up-to 85% co-funding of a private incubator (maximum S$500,000).
- Incubators have the option to buy out NRF's equity of the company. Option is valid for 3 years (post TIS investment).
Incubators accepted into the Program
[edit]As of 1 August 2013, there are currently 14 approved funds to work with the Singapore Government as part of the program:[4]
- The Biofactory
- Clearbridge Accelerator
- Get2Volume
- Golden Gate Ventures
- Incuvest
- Jungle Ventures
- Plug&Play Singapore
- Red Dot Ventures
- Small World Group
- Stream Global
- Silicon Straits
- TechCube8
- TNF Ventures
- Wavemakers Labs
Funded under Technology Incubation Scheme
[edit]- Rainmaker Labs - Singapore Mobile App Development Company
References
[edit]- ^ "Technology Incubation Scheme Call for Proposal". Singapore National Research Foundation. Archived from the original on 6 September 2009. Retrieved 11 August 2013.
- ^ "Is the sweet deal for start-ups over?". Retrieved 2 January 2019.
- ^ "National Framework for Innovation and Enterprise". Singapore National Research Foundation. Archived from the original on 11 August 2013. Retrieved 11 August 2013.
- ^ "List of Approved TIS Incubators" (PDF). Singapore National Research Foundation. Archived from the original (PDF) on 1 August 2013. Retrieved 10 August 2013.