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Funding Schemes
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Overview
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The Interactive and Digital Media R&D Programme Office (IDMPO) under the Media Development Authority of Singapore (MDA) launched the IDM Jump-start And Mentor (i.JAM) initiative in 2007. Under this initiative, individuals and start-ups with breakthrough ideas that can be developed into innovative products and services, will be matched with appropriate mentor support and funding, to bring about their realization. NUS Enterprise has been appointed as one of the mentors to administer the i.JAM Micro-Funding Scheme (MFS), on behalf of MDA. Through this Micro-funding scheme, young start-ups or individuals can seed their innovative technology ideas with a maximum of S$55 000, thus paving the way to become entrepreneurs in the high-growth IDM space.
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Eligibility
Criteria
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- Applicants can apply as individuals or companies
- For individual applicants, they can be from any nationality if majority of the work is based in Singapore
- For company applicants, the company must be registered as a legal entity and incorporated in Singapore
- Projects must be rooted in innovative R&D and technology, (must exhibit IDM R&D in either technology, creative, social or business model)
- The team should have at least one full time founder, who holds at least 20% of the project stake.
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Form of
Assistance
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Under the Scheme, the grant covers up to a cap of S$55,000 qualifying cost of the project. Examples of major allowable costs are:
- Subsistence allowance of applicants (subject to a cap of S$600 per applicant per month)
- Third-party manpower costs including advisory costs
- Marketing expenses including overseas business travel
- Research expenses and
- Equipment and software
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| Apply for MFS
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To find out more about NUS Enterprise Incubator and know how you can be part of us, please click here
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