Start-up Incubation, Mentorship and Support
Who can apply for NTUitive’s incubation support?
All aspiring entrepreneurs are welcome to apply for NTUitive’s incubation support.
What kind of start-ups does NTUitive incubate?
NTUitive incubates any start-up that has potential to succeed – product-wise and/or leadership-wise.
Does NTUitive incubate foreign start-ups?
NTUitive currently does not incubate foreign start-ups.
What type of support does NTUitive offer to start-ups under the NTUitive Incubation scheme?
NTUitive offers mentorship, incubation space, grant and fundraising support, and opportunities to participate in our competitions and networking events.
How long does NTUitive incubate start-ups?
There is no definite period NTUitive incubates start-ups but the minimum period is 5 years.
Does NTUitive invest in every company?
NTUitive will look to invest in companies that shows great potential to succeed.
What type of support and opportunities are available for NTU students/alumni who have started a business but are not incubated by NTUitive?
NTU students / alumni who have started a business but are not incubated with NTUitive are welcomed to participate in our competitions and networking events. However, they are encouraged to join NTUitive incubation programme to tap into our expertise and connections which are essential to push business further.
Does NTUitive support foreign exchange students with a business idea?
NTUitive provides basic mentorship for foreign exchange students with a business idea, however they are not eligible for any grant or investment support as well as incubation space.
Can NTUitive assist me to look for a co-founder?
NTUitive will try to help and match, with no guarantee, potential founders with same aspiring start-up dream. Founders are also encouraged to attend our networking events to find potential co-founders, employees and investors.
I am interested in entrepreneurship but do not know where to start. Can NTUitive advise me?
Please send a brief description of your idea to [email protected] to start your entrepreneurship journey with us.
Start-up Grants / Funding Schemes
What type of grants/funding schemes are available?
NTUitive provides the Multi-Disciplinary Team Project grant which is open to all NTU faculty, staff, students and alumni. It is a funding programme that provides up to S$10,000 for entrepreneurial teams and start-ups to develop its first prototype for market testing and validation. Through this programme, NTUitive hopes to transform these projects into promising companies.
NTUitive is also the appointed Accredited Mentor Partner for Start-up SG Founder grant, a funding programme by Enterprise Singapore that supports businesses with strong differentiation, feasible business models, good market potential and a strong management team. It provides up to S$30,000 in grants on a 3:1 co-matching ratio.
What is the eligibility criteria for Start-up SG Founder Grant?
The Start-up SG Founder grant is open to all Singaporeans / Permanent Residents who are first-time entrepreneurs. In addition, the applicant(s) would need to adhere to the following conditions at the time
- Main applicant(s) must:
- Be a Singapore Citizen / Permanent Resident who is a first-time entrepreneur holding or proposing to hold a minimum of 30% equity in the applicant company;
- Dedicate a reasonable amount of their time on the business, not be employed full time by another employer and must be a key decision maker in the company;
- Have not received any funding for the proposed business idea from another government organisation;
- Register / have registered a private limited company in Singapore upon approval.
- In addition, the start-up company would need to meet the following conditions:
- Applicant companies should not be incorporated for more than six (6) months at the point of application;
- The applicant company must also have a minimum Singapore Citizen / Permanent Resident shareholding of 51%;
- Business activities run by the start-up company should be conducted wholly or mainly in Singapore;
- Proposed business idea must not be in the following list: cafes, restaurants, night clubs, lounges, bars, foot reflexology, massage parlours, gambling, prostitution, social escort services, employment agencies (including recruiting foreign work permit holders and workers/ support staff, relocation services, and manpower services), and geomancy.
Approved applicant(s) must dedicate a reasonable amount of their time on the business and must be a key decision maker in the company. The applicant(s) must also commit full-time to the company and not be in any other employment from the time they accept the terms and conditions of the Letter of Offer.
What is the processing time for a Start-up SG Founder application?
Start-up SG (SSG) Founder applications can only be recommended to Enterprise Singapore (ESG) through an Accredited Mentor Partner. Applicant(s) need to complete the SSG Founder application form and submit it directly to NTUitive for consideration and further recommendation.
NTUitive will select application(s) with potential to pitch to an evaluation panel and if the panel assessed that the applicant met the eligibility and evaluation criteria, NTUitive will recommend the application to ESG. ESG will inform the applicant and NTUitive on the application status for the grant within five (5) working days.
NTUitive reserves the right to approve or reject submitted proposals at our discretion.
What are the requirements to apply for a hot-desking / office space at NTU Innovation Centre?
To be eligible for a hot-desking / office space at NTU Innovation Centre, applicant(s) need to be incubated with NTUitive, or have signed a commercialisation agreement with NTUitive.
Is the Open Innovation Lab open to NTU Students?
Yes, it is. Find out more here .
Does NTUitive collaborate with schools/organizations to run Entrepreneurship programmes?
Yes, NTUitive actively works with schools/organizations to run interesting and insightful entrepreneurship programmes.
Does NTUitive organise hackathons or innovation challenges with corporations?
Yes, NTUitive actively organises hackathons and innovation challenges throughout the year with corporations. Find out more here.