Enterprise Singapore names 14 new partners to nurture start-ups

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Enterprise Singapore names 14 new partners to nurture start-ups

SINGAPORE (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.

The new appointments bring the total AMP network to 57, most of whom are in deep-tech industries such as agritech and advanced manufacturing. The partners were selected based on the quality of their programmes, the strength of their management teams and their operational sustainability, ESG said.

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 imperaRead More – Source

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