Young Entrepreneurs Scheme for Startups!

About the Programme by Spring Singapore

This scheme provides funding of up to S$50,000 for youths to set up innovative start-ups.
The grant can be used for business development expenses such as manpower and operating expenses, purchase of equipment, software, materials and consumables, acquisition of intellectual property (IP) rights, professional services or marketing/promotion activities.


Who Qualifies


Applicant:

1. Singaporean/PR, below 26 years old on the date of application. (Applicants 18 years old and below must seek parental consent).
2. First time entrepreneur (applicants must not have registered a business or incorporated a Limited Liability Partnership (LLP) or Pte Ltd for more than 6 months from the date of application.
3. Key driver in the company.

Startups :

1. New business/ company (must not be incorporated for more than 6 months).
2. Company’s main business activities are based in Singapore.
3. Applicant must hold at least 50% equity.
4. Engage in high growth activities with substantial developmental contents.
5. Company has not received funding from the iJam Microfunding scheme.

Financial Assistance

SPRING matches S$4 for every S$1 raised through self-funding, schools or third-party sources. The grant is capped at S$50,000. For example, an application for a S$40,000 grant must be matched with a S$10,000 investment.