The National Research Foundation (NRF), a
Singapore government agency, has picked eight more incubators for its Technology Incubation Scheme
(TIS).
The eight incubators are: Get2Volume, Golden Gate Venture
Investments, Incuvest, Jungle Ventures, Red Dot Ventures, The Biofactory, The
Network Fund (TNF), and WaveMaker Labs. Full details in the press
release.
Under TIS, the NRF will co-fund up to 85 percent of total investment
per company, or up to S$500k (US$400k), with the rest topped up by the venture
firm. Only Singapore-based startups need apply.
The incubators can choose to buy out NRF’s equity share within three
years of investment, at a price of 1.1 times capital in the first two years,
and 1.15 times capital in year three.
Born in 2006, the NRF dictates the country’s direction for R&D by
developing national policies and planning strategies for innovation,
enterprise, and research.
Fuller descriptions of the eight incubators follow:
Golden Gate Ventures —
It is an early stage incubator based in Singapore helping internet
startups build and launch successful companies across Southeast Asia.
GGV’s founding partners share a rich background building successful
Silicon Valley startups and managing investments in Silicon Valley and
Asia. Read
our article on their launch.
Jungle
Ventures — Jungle makes seed to early Series A investments across
Asia Pacific and also operates an early stage accelerator in Singapore.
Startups through the seed fund accelerator can look to get: S$50-500K in
startup funding, co-investment by 500Startups, a leading SV based fund, and more. Articles on Jungle
Ventures.
IncuVest —
It has experience starting, building, operating and creating valuable
companies. Their interest to mentor early stage and startup companies, invest
and create value through our investment ecosystem is supported by this
experience and their extensive network of global business contacts, angel and
venture capital, and corporate backgrounds. Their focus is in the ICT space,
specifically in eCommerce, social media, mobile, payments, big data, and
business analytics in the financial services, lifestyle and healthcare
verticals.
The Network Fund —
TNF is founded by a group of high profile ICT industry veterans who brings
extensive experience in founding and mentoring startups, have guided and helped
companies in business strategy execution, go-to-market, trade sales and even
IPO.
Red Dot Ventures – It
is an early stage technology incubator founded by Leslie Loh, an accomplished
serial entrepreneur in Singapore. Together with their qualified pool of angel
investors and corporate partners, they help startups succeed by providing a
supporting ecosystem that includes seed financing, comprehensive mentoring,
go-to-market platforms and entrepreneurial talent development.
Get2Volume Accelerator —
It focuses on innovative semiconductor and microelectronics emerging
growth companies. Successful semiconductor and microelectronics companies
are global from day one. Get2Volume brings global capabilities, capital
and connections to enable emerging growth company success.
The
Biofactory — It is a biomedical incubator located at Singapore
Polytechnic, aims to create successful biomedical product companies from
Singapore-developed technologies.
WaveMaker Labs —
It will incubate digital media, technology and technology-enabled services
start-ups that will use Singapore as a launch pad to address markets across
Southeast Asia, India and North America.
Terence LEE
http://sgentrepreneurs.com
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