Seed

from

idea

to p

roto

type

Alternatives

Early

Sta

gefro

m p

rodu

ctto

reve

nue

Gro

wth

Sta

gefro

m re

venu

eto

pro

!tab

ility

Late

Sta

gefro

m p

ro!t

abili

tyto

exp

ansio

n/ex

it

75,0000 125,000 250,000 500,000 1,000,000 2,000,000 4,000,000 8,000,000 16,000,000SGD sought

Meng’s Map of the MoneySource: Wong Meng Weng

Available at school.jfdi.asia/mapofthemoney.pdfPlacement on map is approximate.

Not all funding sources are listed;not all listed sources are active.

Industry-speci!c grants may be available.Investor appetites vary constantly.

Comments and corrections welcome atmengwong@jfdi.asia

version 20130502

M E N G ’ S M A P O F T H E M O N E YS T A R T U P F U N D I N G I N S I N G A P O R E

A P R I L 2 0 1 3

iJam Incubators invest $55,000 for typically 5–25%.iJam Reload follows on with up to $250,000 of funding.For a full list, see http://www.idm.sg/partners/incubators/

Golden Gate Ventures

Red Dot VenturesJungle Ventures

Wavemaker Labs

Plug and PlayStream Global

The Network Fund (TNF)

Get2Volume

Incuvest Asia

BiofactorySmall World Group

Clearbridge Accelerator

IDM Ventures (idmvc.com)

Neoteny Labs aka Silicon Straits

SingTel Innov8 SingTel Innov8 are one of the most active seed and early stage investors in Singapore, but you have to show a strategic bene!t for the SingTel Group.

IDEAS Ventures (Innosight)

Tigris CapitalSPRING SEEDS coinvests with external investors at 2:1, up to $1M. Tax incentives are also available.

SPRING ACE matches 70% (up to $50K) to founders’ 30%.

SPRING TECS Proof-of-Concept and Proof-of-Value schemes fund commercialization.NRF Proof-of-Concept grant for IHL researchers (sister to TECS). NRF Incubation Scheme

Mindef’s CSIT Tech Innovation Fund has money for “strategic” applications.

Many other targeted grants are available – see www.idm.sg

Pollenizer

{new context}JFDI.Asia

3V SourceOne Capital3V SourceOne Capital

Accel-XSirius Venture Capital

BAF Spectrum

Crystal Horse

Ariadne Capital

iGlobe Group have been around for a while and are respected investors.

Phillip Capital have a number of funds at various sizes.Digital Media Partners (digitalmedia.vc) speak "uent Russian.

Vertex are the VC arm of Temasek, and appear to be more engaged with the early stage community than most funds of this size.Vickers Venture Partners

Gobi PartnersOWW Capital Partners

If you’re playing at this level, you don’t need this map.

Mercatus CapitalSequoia India

SBI Venture Capital

JAIC Asia CapitalJAFCO Asia

Intel Capital

EDB Investments would need a strategic reason to invest.SPRING Bridging Loan Programme matches bank loans 8:2.

IDA’s IIPL will strategically co-invest with VCs in Singapore IT companies.

Angel InvestorsOne way to reach angels is via BANSEA.org, which holds pitch sessions regularly. You can also apply to pitch at AngelsGate. Conferences like Echelon o!er yet another venue.

Friends, Family, and FoolsTaking money from friends and family is a good way to end up with neither.

Dentists, Doctors, and …Mid-career entrepreneurs enjoy the advantage of wealthy classmates and friends.

“Skin in the Game”Many entrepreneurs invest hundreds of thousands of dollars of their own moneyinto their ventures. Are you prepared to go months or years without pay? If youaren’t willing to put money into the business, why should an investor? Believe me,they can smell an uncommitted entrepreneur a mile away.

IDMPOruns the iJam scheme

Ra"es Venture Partners

Ambient Sound Investments is Toivo Annus’s investment vehicle.

Walden International are respected investors.

Strategic Corporate Investment: A big company might #nd you intriguing; try contacting the venture arms of established players in your industry.

Bootstrapping: There’s always the old-fashioned way to raise money: by earning it, one dollar at a time. Who needs external #nancing when you’ve got tons of customers?

SPRING Business Angels Schemecoinvests up to $1.5M

with BAF, Sirius, and Accel-X

NRF TIS Incubators Incubator 15% $88,235 NRF 85% $500,000

NRF Early Stagecoinvested 50:50 in VC funds

Each of these three o!ers di!erent propositions, but all emphasize Lean Startup methodologies.

Seed

from

idea

to p

roto

type

Alternatives

Early

Sta

gefro

m p

rodu

ctto

reve

nue

Gro

wth

Sta

gefro

m re

venu

eto

pro

!tab

ility

Late

Sta

gefro

m p

ro!t

abili

tyto

exp

ansio

n/ex

it

75,0000 125,000 250,000 500,000SGD sought

M E N G ’ S M A P O F T H E M O N E YS T A R T U P F U N D I N G I N S I N G A P O R E

A P R I L 2 0 1 3

iJam Incubators invest $55,000 for typically 5–25%.iJam Reload follows on with up to $250,000 of funding.For a full list, see http://www.idm.sg/partners/incubators/

Golden Gate Ventures

Red Dot VenturesJungle Ventures

Wavemaker Labs

Plug and PlayStream Global

The Network Fund (TNF)

Get2Volume

Incuvest Asia

BiofactorySmall World Group

Clearbridge Accelerator

Neoteny Labs aka Silicon Straits

SingTel Innov8

IDEAS Ventures (Innosight)

Tigris CapitalSPRING SEEDS coinvests with external investors at 2:1, up to $1M. Tax incentives are also available.

SPRING ACE matches 70% (up to $50K) to founders’ 30%.

SPRING TECS Proof-of-Concept and Proof-of-Value schemes fund commercialization.NRF Proof-of-Concept grant for IHL researchers (sister to TECS). NRF Incubation Scheme

Mindef’s CSIT Tech Innovation Fund has money for “strategic” applications.

Many other targeted grants are available – see www.idm.sg

Pollenizer

{new context}JFDI.Asia

3V SourceOne Capital

Accel-XSirius Venture Capital

BAF Spectrum

Crystal Horse

Ariadne Capital

Angel InvestorsOne way to reach angels is via BANSEA.org, which holds pitch sessions regularly. You can also apply to pitch at AngelsGate. Conferences like Echelon o!er yet another venue.

Friends, Family, and FoolsTaking money from friends and family is a good way to end up with neither.

Dentists, Doctors, and …Mid-career entrepreneurs enjoy the advantage of wealthy classmates and friends.

“Skin in the Game”Many entrepreneurs invest hundreds of thousands of dollars of their own moneyinto their ventures. Are you prepared to go months or years without pay? If youaren’t willing to put money into the business, why should an investor? Believe me,they can smell an uncommitted entrepreneur a mile away.

IDMPOruns the iJam scheme

Strategic Corporate Investment: A big company might "nd you intriguing; try contacting the venture arms of established players in your industry.

Bootstrapping: There’s always the old-fashioned way to raise money: by earning it, one dollar at a time. Who needs external "nancing when you’ve got tons of customers?

SPRING Business Angels Schemecoinvests up to $1.5M

with BAF, Sirius, and Accel-X

NRF TIS Incubators Incubator 15% $88,235 NRF 85% $500,000

Each of these three o!ers di!erent propositions, but all emphasize Lean Startup methodologies.

1,000,000 2,000,000 4,000,000 8,000,000 16,000,000

Meng’s Map of the MoneySource: Wong Meng Weng

Available at school.jfdi.asia/mapofthemoney.pdfPlacement on map is approximate.

Not all funding sources are listed;not all listed sources are active.

Industry-speci!c grants may be available.Investor appetites vary constantly.

Comments and corrections welcome atmengwong@jfdi.asia

version 20130502

IDM Ventures (idmvc.com)

SingTel Innov8 are one of the most active seed and early stage investors in Singapore, but you have to show a strategic bene!t for the SingTel Group.

3V SourceOne Capital

iGlobe Group have been around for a while and are respected investors.

Phillip Capital have a number of funds at various sizes.Digital Media Partners (digitalmedia.vc) speak "uent Russian.

Vertex are the VC arm of Temasek, and appear to be more engaged with the early stage community than most funds of this size.Vickers Venture Partners

Gobi PartnersOWW Capital Partners

If you’re playing at this level, you don’t need this map.

Mercatus CapitalSequoia India

SBI Venture Capital

JAIC Asia CapitalJAFCO Asia

Intel Capital

EDB Investments would need a strategic reason to invest.SPRING Bridging Loan Programme matches bank loans 8:2.

IDA’s IIPL will strategically co-invest with VCs in Singapore IT companies.

Ra#es Venture Partners

Ambient Sound Investments is Toivo Annus’s investment vehicle.

Walden International are respected investors. NRF Early Stagecoinvested 50:50 in VC funds