How to Secure Startup Funding in Singapore

Commencing a new enterprise can be very exciting. However, obtaining enough capital is one of the greatest obstacles that any startup faces. In this detailed article, we shall discuss various ways of raising money for your startup in Singapore; a city known for its pro-business environment and attractive grants to startups.

1. How to Secure Startup
Funding in Singapore: A
Comprehensive Guide

2. Content
Starting a business is exciting but challenging,
especially when it comes to securing funds.
Singapore, known for its pro-business environment,
offers various funding options for startups.
In this guide, we’ll explore different funding methods,
government grants, and non-government options for
startups in Singapore.

3. Startup Funding: The Lifeblood of
Business
Why Startup Funding is Essential
Startup funding is crucial to growing your
business, launching new products, and
scaling operations.
Many startups fail due to lack of sufficient
capital, especially in their initial years.
Navigating the funding process can be
intimidating, but understanding the
available options can make the journey
smoother.

4. Identifying Suitable Funding Options
Funding Method Description
Bank Loans
Peer-to-Peer (P2P)
Lending
Government Grants
Self-Funding
(Bootstrapping)
Crowdfunding
Angel Investors
Connects entrepreneurs with private
investors for favorable rates.
Includes traditional loans, lines of credit,
invoice financing.
Tailored grants and incentives from the
Singapore government.
Entrepreneurs use personal savings or funds
from family and friends.
Large group contributions to support a
venture.
High net worth individuals who invest in
startups for equity.

5. 01
03
02
05
04
Ideation:
Personal
savings, family,
and friends.
Early Stage:
Business plan
execution with
external funding for
optimization and
scaling.
Exit:
Techniques to reduce
losses or sell equity
when exiting the
market.
Validation:
Formal financial
backing for product
development and
market validation.
Scaling:
Rapid growth
with increased
revenues.
Stages of Startup Funding

6. Government Funding Options in
Singapore
Startup SG Founder:
01.
03.
05.
02.
04.
Co-matching arrangement offering up to
SGD30,000 for first-time entrepreneurs.
Startup SG Tech:
Offers SGD250,000 for Proof-of-Concept (POC)
and SGD500,000 for Proof-of-Value (POV).
Enterprise Development
Grant:
Supports startups to innovate, improve
productivity, and scale globally.
Productivity & Solutions
Grant (PSG):
Helps startups improve productivity with IT
solutions and equipment.
VentureForGood (VFG)
Grant:
Grants up to SGD300,000 for startups
addressing local social needs.

7. Non-Government Funding
Options in Singapore
ANGEL INVESTORS: VENTURE CAPITALISTS: PRIVATE EQUITY FIRMS:
Wealthy individuals investing
in early-stage startups.
Investing in startups and late-stage
companies that require large capital
investments.
Focus on high-growth and
profitable companies.

8. How to Choose the
Right Funding Option
The stage of your business often dictates the most appropriate
funding source.
Aligning Funding with Business
Goals
Consider factors such as how much capital you need, the stage of
your business, and the type of control or equity you're willing to give
up.
A strong understanding of each option can help secure the best
funding.

9. Securing Your Startup’s
Future
Securing startup funding is a key step in achieving business success.
Getting Startup Funding in
Singapore
By understanding your options and aligning them with your business
goals, you can build a solid financial foundation.
Whether you're applying for government grants or seeking venture
capital, the right funding will propel your business forward.

10. Considering
Fundraising? Contact
Growwth Partners!
Growwth Partners are specialists in
fundraising solutions for startups, SMEs, and
multinational corporations.
We help secure optimal funding and the
best valuations, ensuring long-term business
success.
Book your free consultation today and
discover how we can assist you with your
fundraising needs.