Database

Business Angels Scheme (BAS)
Government Agency: SPRING Singapore

Provides innovative Singapore-based young companies a matching dollar for every dollar invested by pre-approved angel groups, up to $1.5 million.
If your company is less than five years old and is developing innovative products or processes for the global market, you could qualify for the Business Angels Scheme.

This scheme brings together business angels to invest in your company with a matching dollar from SEEDS Capital*, up to a maximum of $1.5 million. You will need to obtain a minimum investment of $75,000 from one of the 2 pre-approved business angel groups. Both SEEDS Capital and the business angel group will take equity stakes in the company in proportion to their investments.

* SEEDS Capital is a subsidiary of SPRING Singapore.

This scheme is similar to the Startup Enterprise Development Scheme (SEEDS) and the Growth Financing Programme (GFP) in encouraging business angel investment in innovative start-up companies. Note: Start-ups which are already receiving funding under SEEDS or GFP cannot apply under BAS.

Contact the Manager of each of the two Business Angel Funds to register your interest.