Xổ số Vũng Tàu hàng tuầnThe Special Situation Fund for Startups (SSFS) aims to crowd-in private sector investments into selected early- to late-stage startups from diverse sectors, particularly those that have been doing well pre-COVID-19, so that they can sustain their innovation activities and growth momentum amidst the challenging environment and to emerge stronger. Target startups should have developed or commercialised innovative or strategic capabilities that can contribute to Singapore's national priorities.
EDBI, the corporate investment arm of Economic Development Board, and SEEDS Capital, the investment arm of Enterprise Singapore, will invest via Convertible Notes into selected startups with private sector co-investors on a 1:1 basis. The scheme will end when the funds are fully committed or by 31 October 2021, whichever is earlier.
The startups should be incorporated as a Private Limited company in Singapore for not more than 10 years, with headquarters and key value-added activities based in Singapore. Startups should also possess technology and innovation competencies and/or sustainable competitive advantages that can contribute to Singapore's national priorities (e.g. aligned to the broader industry transformation plans, or creating good jobs for our population). Startups should also be ready to provide details of current investment interest from potential co-investor(s), if available.
In addition, the startups should have the following key attributes:
Interested early-stage startups can apply for the funding via email@example.com, while late-stage startups can apply via firstname.lastname@example.org, with a completed application form.
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