This document discusses funding options for startups in Singapore from early stage to growth/late stage. It outlines various sources of funding including angels, incubators, venture capitalists, corporate investors, and corporate venture funds. For each source, it describes their typical investment process, stages invested in, and criteria considered. It also provides examples of active angels, incubators, and venture capital funds in Singapore. Overall, the document maps the Singapore startup funding landscape and ecosystem.
2. Entrepreneurial Ecosystem
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Entrepreneurs and Ideas
1. Ideas & Opportunities
2.
2 Passion & Commitment
3. Strategy & Pivots
4. Go to Market
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Investors and Money
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1. Angel Investors
2. Incubators
3. Venture Capital
4. Corporate Venture Capital
5. Corporate Investor
Government and Economic Development
1. Funding startups
2.
2 Industry development
3. Policies, incentives, and investments
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6. Angels
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1. Not typically formally organized, but this is also changing
2. Short investment process: 1-2 months, starts off innocently
3. Typically invests at idea stage, no revenue, prototype stage
4. Looks at
oo s at:
Passion (self) and Projects
People/team/Chemistry
Motivated by desire to be engaged in entrepreneurship
4. Helps entrepreneurs with:
Corporate Partners/Lead Customers
Strategy/Operations management
Sympathetic ear/positive support
Credibility
Introduction and Sourcing of VC
7. SGs Seed/Angel Investors
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SPRINGSEEDS 1for1toqualifiedangels
S G ( i l d)
SPRINGBAF(BusinessAngelFunds)
Imagesource:respectivecompanyswebsite
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8. Incubators
1. Typically organized and funded by government or quasi-gov, or
associated with a university/research entity or a group of investors
2. Investment process: 3 months, models after the VC process, but less
stringent
3.
3 Bridges the gap between idea/prototype and revenue stage
4. Looks at:
Idea, Opportunity, IP
People/team/fit to incubator mission
Motivated by KPI with building new businesses/value
4.
4 Helps entrepreneurs with:
Corporate Partners/Lead Customers
Team Building/Rent/Lab
Credibility
Introduction and Sourcing of VC
10. Venture Capitalists
1. Organized as formal investment funds into new ventures
2.
2 Long investment process: 3-6 months (in SG; in USA faster)
36
3. Typically invests in prototype stage, or beta launch, sometimes
pre-revenue (but in SG, VCs require much more validation)
4. Looks at:
Sector/Industry/space
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Opportunity/Idea/IP
People/team/track record
Valuation
4. Helps entrepreneurs with:
Capital/Credibility
Executive team recruitment
Strategy/financial management/Exit
12. Corporate Investors
1. Corporate strategic investor direct equity investment
2.
2 Long investment process: 4-6 months
46
3. Typically invests in revenue or beta-stage
4. Looks at:
Sector/Industry/space
Complementary to own products/services
People/team/track record
Profit/Loss
4. Helps entrepreneurs with:
Capital/Credibility
Corporate Partners/Lead Customers
Revenue
5. Generally looks towards eventually a full acquisition
13. Corporate Venture Fund Investors
1. Corporate strategic investor corporate venture fund investment
2.
2 Medium investment process: 3-4 months
34
3. Typically invests in prototype or beta-stage
4. Similar characteristics as Corporate Direct Investor except:
a. Behaves more like a VC, looks at returns
b. Does not make a full acquisition