Innovation Funds is dedicated to help SMU community build prototypes of their innovation. These prototypes may be used to raise funds for innovative start-ups.
Startup SG Founder Grant
Startup SG Founder aims to provide mentorship support and startup capital grant to first-time entrepreneurs with innovative business concepts. The scheme provides up to $30,000 by matching $3 to every $1 raised by the entrepreneur.
IIE’s Acceleration Grant provide startups with additional funding to support the growth of their startup. Up to $10,000 will be awarded to startups who display promise in terms of growth and development.
Ideabox provides $1000/team in funding support to prototype and market-test venture ideas created in the School of Business’ Entrepreneurship Practicum (MGMT 327) and the School of Information Systems’ Upper Year Capstone Projects (IS480).
With HSBC’s support, the Sustainability Grant provides sustainability-related startups with up to $25,000 in seed money. The funding can be used to accelerate the startups in their journey towards integrating sustainable practices and business models. The grant is up to $25,000 and will be disbursed in two tranches.
Startup SG Entrepass
SMU Institute of Innovation & Entrepreneurship has been appointed as an Startup SG EntrePass Partner. An international entrepreneur who is enrolled in SMU Institute of Innovation & Entrepreneurship’s incubation/acceleration programme, or whose startup has received investment from SMU Institute of Innovation & Entrepreneurship, will be eligible for this privilege.
The SG:D Spark Programme is aimed at addressing the key challenges and supporting the growth of promising Singapore-based ICM startups through selected Government tools as well as creation of a vibrant, collaborative ecosystem and network.