Action Community for Entrepreneurship (ACE)
Posted 11-20-2013 at 06:40 AM by csteow
Singaporean and Singapore PR entrepreneur have reason to smile with the launching of Action Community for Entrepreneurship (ACE) startups grant.
WHAT IS ACE STARTUP GRANT?
Is another incentive introduced by Singapore Government aims to build up entrepreneurial sprit in Singapore business circle.
Quoted as what Minister Of State for Trade and Industry said "Private sector is the engine for Singapore economic"
With such implementation scheme, not only able create innovative, creative, productivity workforce, in fact will create more new job opportunities .
WHO IS ELIGIBLE ?
As long as you are Singaporean or Singapore PR who is first time entrepreneur then you are qualified for this scheme with the following condition :
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WHICH COMPANY IS ELIGIBLE ?
-Apply to Singapore registered company
-company must NOT be more than 6 months old from the date of submission
-company must NOT be received any others government grant before
HOW ACE GRANT WORK?
Every S$3 invest by the entrepreneur will receive S$7 from ACE upto S$50,000
So, you will need to invest S$21,429 into business to receive total grant of S$50,000
HOW TO APPLY ?
Please click here for the application form.
Additional documents needed is :
Applicant can post application form to the following address :
ACE Start-ups Administrator SPRING Singapore
1 Fusionopolis Walk
#01-02 South Tower, Solaris
Singapore 138628
Helpline Number is 6898 1800
Email address : acestartups@ace.org.sg
Please click here for FAQ.
WHAT IS ACE STARTUP GRANT?
Is another incentive introduced by Singapore Government aims to build up entrepreneurial sprit in Singapore business circle.
Quoted as what Minister Of State for Trade and Industry said "Private sector is the engine for Singapore economic"
With such implementation scheme, not only able create innovative, creative, productivity workforce, in fact will create more new job opportunities .
WHO IS ELIGIBLE ?
As long as you are Singaporean or Singapore PR who is first time entrepreneur then you are qualified for this scheme with the following condition :
- you are the key person or decision maker in manage the company
- you must be full time committed with the company business
- you must held at least 51% in the ownership
- the company MUST NOT registered or incorporated entity
nightclubs, lounges, bars foot reflexology, massage parlours gambling prostitution, social escort services employment agencies (including recruitment of foreign workers, relocation services and manpower services) geomancy
WHICH COMPANY IS ELIGIBLE ?
-Apply to Singapore registered company
-company must NOT be more than 6 months old from the date of submission
-company must NOT be received any others government grant before
HOW ACE GRANT WORK?
Every S$3 invest by the entrepreneur will receive S$7 from ACE upto S$50,000
So, you will need to invest S$21,429 into business to receive total grant of S$50,000
HOW TO APPLY ?
Please click here for the application form.
Additional documents needed is :
- Curriculum Vitae (CV) for all the management team
- Business Plan (of not more than 20 pages, at least font size 10, single spaced or up to 40 slides)
- acknowledgement from ACRA to support that you first-time entrepreneur.
Applicant can post application form to the following address :
ACE Start-ups Administrator SPRING Singapore
1 Fusionopolis Walk
#01-02 South Tower, Solaris
Singapore 138628
Helpline Number is 6898 1800
Email address : acestartups@ace.org.sg
Please click here for FAQ.
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