The Technology Incubation Scheme (TIS) is an initiative under the National Framework for Innovation and Enterprise (NFIE) programme, which was set up in March 2008.
Under the TIS scheme, the National Research Foundation (NRF) Singapore could co-invest up to 85% of investment (up to S$500,000 per company) into a Singapore-based start-up, on recommendation from the Technology Incubator.
The Technology Incubator will be required to co-invest the remaining 15% of investment into the start-up. In addition to funding, the Technology Incubator will be required to provide active mentorship and guidance to the start-up.
As an incentive, the Technology Incubator will be given an option to buy over NRF’s stake in the start-up within three years by repaying the capital plus interest. This will align the interests of all parties towards the success of the start-up companies, and help to develop the entrepreneurial ecosystem in Singapore.
Till date, NRF has selected 14 Technology Incubators under the TIS scheme.
These Technology Incubators are:
Start-ups who are interested in the TIS scheme should contact the Technology Incubators.
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Red Dot Ventures
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, 22 Mar 2013
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