Technology Incubation Scheme Explained

The Technology Incubation Scheme (TIS) was a government funding program of the National Research Foundation (NRF) of Singapore.^[1] The scheme was started in 2009 and ended on 30 June 2016.^[2]

Details of the Program

The TIS program selected funds that matched the following criteria:^[3]

• Funds that can incubate and nurture young start-ups 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 of the company. Option 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:^[4]

• The Biofactory
• Clearbridge Accelerator
• Get2Volume
• Golden Gate Ventures
• 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

External links

• SG Entrepreneur's article on incubators in Singapore’s Technology Incubation Scheme

Notes and References

1. Web site: Technology Incubation Scheme Call for Proposal . Singapore National Research Foundation . 11 August 2013 . dead . https://web.archive.org/web/20090906132917/http://www.nrf.gov.sg/nrf/otherprogrammes.aspx?id=1490 . 6 September 2009 .
2. Web site: Is the sweet deal for start-ups over? . 2 January 2019.
3. Web site: National Framework for Innovation and Enterprise . https://archive.today/20130811172038/http://www.nrf.gov.sg/nrf/otherprogrammes.aspx?id=1206 . dead . 11 August 2013 . Singapore National Research Foundation . 11 August 2013 .
4. Web site: List of Approved TIS Incubators . Singapore National Research Foundation . 10 August 2013 . https://web.archive.org/web/20130801011859/http://www.nrf.gov.sg/nrf/uploadedFiles/20130319%20List%20of%20Approved%20TIS%20Incubators.pdf . 1 August 2013 . dead .