Startup SG Equity

Who qualifies

• Organisation types: Private limited company (Pte Ltd).
• Must be registered in Singapore.
• The startup or fund must have a primary focus on at least one of: Advanced Manufacturing; Pharmbio/MedTech; Agrifood Tech; Sustainability (such as Energy, Circular Economy, Urban Mobility); Spacetech; Smart Nation and Digital Economy deep-tech areas (Quantumtech, Cybersecurity, Generative AI).
• A Singapore-based startup is a Singapore-registered private limited company (including Singapore-incorporated subsidiaries or holding companies that own Singapore-based startups) incorporated for 10 years or less that develops or possesses innovations in Singapore; the 10-year limit does not extend to growth-stage startups.
• Deep-tech startups must have advanced or specialised science or engineering and own research-based IP that is differentiated or proprietary and will create new products, processes or technologies.
• For direct investment, SG Growth Capital can lead or co-lead, but the funding round must include at least one other institutional investor; growth-stage companies should already have raised substantial institutional capital and have a well-established management team.
• Fund-of-funds applicants must have a minimum fund size of S$30 million, the stated deep-tech focus, a general partner with relevant deep-tech investment experience and positive-IRR track record, a capable management team, and commercialisation networks.
• Overseas venture-capital funds should show strong commitment to two of: investing in Singapore-based deep-tech startups, contributing expertise to Singapore's ecosystem, or directing foreign deep-tech portfolio companies to establish a meaningful Singapore presence.

What it funds

• Working capital, trade or project financing schemes
• R&D, product development, prototyping, IP
• Early-stage / founder / incubation support

Recorded cap: S$12,000,000.

For early-stage co-investment, the SSGE investment cap per deep-tech startup is S$12 million; ratios are 2:1 up to first S$1 million, 1:1 up to S$4 million, 1:2 up to S$8 million and 1:3 up to S$12 million (as of 27 Feb 2026). Budget 2026 set aside S$1 billion for both early- and growth-stage deep-tech investments.

Payment: Not stated on official pages.

How to apply

For co-investment or direct investment, submit the stated executive summary and supporting documents to SG Growth Capital or SGInnovate as applicable. Fund-of-funds applicants submit a corporate deck or executive summary to SG Growth Capital.

1. Choose co-investment, direct investment or fund-of-funds investment.
2. Prepare the document set for that modality.
3. Email the package to the appointed fund manager named for the modality.

Before applying

• The startup or fund must meet the applicable deep-tech, Singapore-based, growth-stage or fund-of-funds conditions.

Documents

• two-page executive summary — Required for co-investment and direct-investment first-level assessment. The official page lists Executive-Summary-Template-Updated.pdf among its downloadable files. Agency document ↗
• Business plan — Required for co-investment; direct investment requires a business plan including internationalisation or expansion plan.
• Financial statements or management accounts — Required for co-investment and direct investment.
• Business ACRA — Named by the official page.
• Background of potential co-investor (if applicable) — Required if available for co-investment.
• corporate deck or executive summary — Required for fund-of-funds investment; it must cover team credentials, prior-fund track record including Net IRR/Net MOIC/DPI/exits, investment focus areas, and relevant current and exited portfolio companies.
• Fund Prospectus (if applicable) — The official page says 'If available' for fund-of-funds applicants.

Claiming support

The official page describes investment modalities but does not state a post-investment claim or disbursement workflow.

Contact: SG Growth Capital at infohq@sggc.sg (co-investment, direct investment, fund-of-funds) or SGInnovate at investmentsadmin@sginnovate.com (co-investment)

Application window: No closing date is stated on the official Startup SG Equity page.