The Technology Incubation Scheme (TIS) was a
government funding program of the
National Research Foundation (NRF) of
Singapore. The
scheme A scheme is a systematic plan for the implementation of a certain idea.
Scheme or schemer may refer to:
Arts and entertainment
* ''The Scheme'' (TV series), a BBC Scotland documentary series
* The Scheme (band), an English pop band
* ''The Schem ...
was started in 2009 and ended on 30 June 2016.
Details of the Program
The TIS program selected
funds that matched the following criteria:
* Funds that can
incubate and nurture young
start-ups
A startup or start-up is a company or project undertaken by an entrepreneur to seek, develop, and validate a scalable business model. While entrepreneurship refers to all new businesses, including self-employment and businesses that never intend t ...
prior to
venture capital funding.
* The program matches
investments up-to 85% co-funding of a private incubator (maximum S$500,000).
* Incubators have the option to buy out NRF's
equity
Equity may refer to:
Finance, accounting and ownership
* Equity (finance), ownership of assets that have liabilities attached to them
** Stock, equity based on original contributions of cash or other value to a business
** Home equity, the dif ...
of the company.
Option
Option or Options may refer to:
Computing
*Option key, a key on Apple computer keyboards
*Option type, a polymorphic data type in programming languages
*Command-line option, an optional parameter to a command
*OPTIONS, an HTTP request method
...
is valid for 3 years (post TIS investment).
Incubators accepted into the Program
As of 1 August 2013, there are currently 14 approved funds to work with the
Singapore Government as part of the program:
* The
Biofactory
* Clearbridge Accelerator
* Get2Volume
*
Golden Gate Ventures
Golden Gate Ventures is a Singaporean venture capital firm, founded in 2011 by Vinnie Lauria, Jeffrey Paine, Eduardo Saverin, and Paul Bragiel that invests in Southeast Asia. The company is headquartered in Singapore, with offices in Jakarta, Ha ...
* Incuvest
* Jungle Ventures
* Plug&Play Singapore
* Red Dot Ventures
* Small World Group
* Stream Global
* Silicon Straits
* TechCube8
* TNF Ventures
* Wavemakers Labs
Funded under Technology Incubation Scheme
* Rainmaker Labs - Singapore Mobile App Development Company
References
{{reflist
External links
SG Entrepreneur's article on incubators in Singapore’s Technology Incubation Scheme
2009 establishments in Singapore
2016 disestablishments in Singapore
Science and technology in Singapore