Enterprise Singapore names 14 new partners to nurture start-ups

Editors note: Published in The Straits Times and The Business Times

Enterprise Singapore (ESG) has added 14 new Accredited Mentor Partners (AMPs) to its Startup SG Founder scheme to groom local start-ups, with the appointments taking effect on May 1.

The newly-appointed AMPs include start-up investors and accelerators such as Accelerating Asia, AgFunder Rocket Seeder, Big Idea Ventures Asia, Cocoon Capital, Decacorn Partners, Eight Mercatus, STRIVE and Entrepreneur First.

The other AMPs are EthAum Venture Partners, F10 FinTech Incubator and Accelerator, Farquhar Venture Capital, IES Incubator and Accelerator, Silicon Solution Partners and Trendlines Agrifood Innovation Centre.

Last year, 74 start-ups received structured mentoring from 43 AMPs and were awarded grants totalling $2.22 million for business development.

The Startup SG Founder programme aims to provide mentorship and start-up capital grants to first-time entrepreneurs. The AMPs identify eligible start-ups based on their business concepts, business model feasibility, strength of their management teams and potential market value. Successful applicants receive advice, learning programmes and contacts from the AMPs.

Lim Seow Hui, director of start-up development at ESG, said:

We have seen start-ups stepping up to find ways to tackle issues arising from Covid-19. In this current climate, it is therefore imperative that we continue to collaborate with and support start-ups in their growth by working with strong ecosystem partners like our appointed AMPs, who have the right capabilities and networks to guide start-ups through this challenging period.