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Singapore has 18 FTAs in place, covering key economies that represent about 60% of the global GDP. For the full list of FTAs, visit the Singapore FTA Network. You can also find information on how your business can benefit from the reduced import tariffs resulting from the FTAs.

There is a growing base of venture capital firms in Singapore. For a listing of venture capital firms in Singapore, you could refer to the Investor Relations Asia Pacific website.

SPRING Singapore also administers several schemes which provide government funding for seed capital. They include:

  • Technology Enterprise Commercialisation Scheme (TECS) – a competitive grant to convert breakthrough technology ideas and proprietary IP into a promising business. The TECS is a competitive grant in which proposals are ranked based on the evaluation of both technical and commercial merits by a team of reviewers, and the best are funded. 
    • Proof of Concept (POC) - For applicants who wish to develop proprietary ideas at conceptualisation stage - Up to 100% of qualifying costs for each project will be supported, up to maximum of S$250,000.
    • Proof of Value (POV) - For applicants who are keen to carry out further research and development on a technology project, including the development of a working prototype - Up to 85% of qualifying costs for each project will be supported, up to maximum of S$500,000.

The Singapore Economic Development Board (EDB) has a comprehensive list of incentive schemes for companies. The evaluation is done based on the merits of the project and the strength of the application. For a list of some of the key industries in Singapore, please visit the EDB website.
 

The Singapore Economic Development Board (EDB) has a comprehensive list of incentive and development schemes to assist companies, including various financial and tax incentives.

Young start-ups can approach SPRING Singapore which offers start-ups assistance in financing, capabilities and management development, technology and innovation, and access to markets.

Visit our Investors section on Government Assistance for more information.

Setting up a business in Singapore is easy. All businesses must be registered with the Accounting and Corporate Regulatory Authority (ACRA). Visit our Investors section on Doing Business in Singapore to find out all about registering your business, finding premises and recruiting talent for your company.

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