Late Stage from pro tability to expansion/exit

MENGS MAP OF THE MONEY

Growth Stage from revenue to pro tability
S TA RT U P F U N D I N G I N S I N G A P O R E J U LY 2 0 1 3

3V SourceOne Capital Ariadne Capital Clearbridge Accelerator Small World Group Biofactory Get2Volume Red Dot Ventures NRF TIS Incubators Jungle Ventures Incubator 15% $88,235 Wavemaker Labs NRF 85% $500,000 The Network Fund (TNF) Golden Gate Ventures Incuvest Asia Stream Global Plug and Play Neoteny Labs is now Silicon Straits IDEAS Ventures (Innosight) Crystal Horse SingTel Innov8 SPRING Business Angels Scheme Sirius Venture Capital coinvests up to $1.5M Accel-X with BAF, Sirius, and Accel-X BAF Spectrum Tigris Capital SPRING SEEDS coinvests with external investors at 2:1, up to $1M. Tax incentives are also available. Many other targeted grants are available see www.idm.sg NRF Proof-of-Concept grant for IHL researchers (sister to TECS). NRF Incubation Scheme SPRING TECS Proof-of-Concept and Proof-of-Value schemes fund commercialization. Pollenizer JFDI.Asia neo.com Each of these three o ers di erent propositions, but all emphasize Lean Startup methodologies. iJam Incubators invest $50,000 for typically 525%. iJam Reload follows on with up to $200,000 of funding. See http://www.idm.sg/support/ijam/ Mindefs CSIT Tech Innovation Fund has money for strategic applications. SPRING ACE matches 70% (up to $50K) to founders 30%. Angel Investors One way to reach angels is via BANSEA.org, which holds pitch sessions regularly. You can also apply to pitch at AngelsGate. Conferences like Echelon o er yet another venue. Friends, Family, and Fools Taking money from friends and family is a good way to end up with neither. Dentists, Doctors, and Mid-career entrepreneurs enjoy the advantage of wealthy classmates and friends. IDMPO runs the iJam scheme

Seed from idea to prototype

Early Stage from product to revenue

Skin in the Game Many entrepreneurs invest hundreds of thousands of dollars of their own money into their ventures. Are you prepared to go months or years without pay? If you arent willing to put money into the business, why should an investor? Believe me, they can smell an uncommitted entrepreneur a mile away. SGD sought 0 75,000 125,000 250,000 500,000

Bootstrapping: Theres always the old-fashioned way to raise money: by earning it, one dollar at a time. Who needs external nancing when youve got tons of customers?

Alternatives

Strategic Corporate Investment: A big company might nd you intriguing; try contacting the venture arms of established players in your industry.

If youre playing at this level, you probably dont need this map. JAFCO Asia JAIC Asia Capital OWW Capital Partners Gobi Partners Vickers Venture Partners Vertex are the VC arm of Temasek, and appear to be more engaged with the early stage community than most funds of this size. SBI Venture Capital Infocomm Investments Pte. Ltd. are a wholly owned subsidiary of IDA.gov.sg. SPRING Bridging Loan Programme matches bank loans 8:2. EDB Investments would need a strategic reason to invest. Formation8 are relatively new to the scene but bring considerable cash and connections in the Valley and globally. 8capita are a bunch of well respected ex-entrepreneur angels very connected with the startup scene. A number of Japanese investors both funds and corporates are expanding to Southeast Asia: Global Brain (KDDI), Fenox (IMJ), Rakuten, Gree, etc Corporate venture funds include Intel Capital, SPH, MediaCorp, and Daily Mail Group (DMGT). Phillip Capital have a number of funds at various sizes. Also look into the GIP funds http://www.contactsingapore.sg/gip/ Digital Media Partners (digitalmedia.vc) speak uent Russian. Walden International are respected investors. NRF Early Stage coinvested 50:50 in VC funds Ra es Venture Partners IDM Ventures (idmvc.com) Mercatus Capital Sequoia India iGlobe Group have been around for a while and are respected investors. Ambient Sound Investments is Toivo Annuss investment vehicle. 3V SourceOne Capital (3VS1)

SingTel Innov8 are one of the most active seed and early stage investors in Singapore, but you have to show a strategic bene t for the SingTel Group.

Mengs Map of the Money Source: Wong Meng Weng Available at mengwong.com/sg/capital/mapofthemoney.pdf Placement on map is approximate. Not all funding sources are listed; not all listed sources are active. Industry-speci c grants may be available. Investor appetites vary constantly. Comments and corrections welcome at mengwong@jfdi.asia version 20130705 1,000,000 2,000,000 4,000,000 8,000,000 16,000,000

MENGS MAP OF THE MONEY

Growth Stage from revenue to pro tability
S TA RT U P F U N D I N G I N S I N G A P O R E J U LY 2 0 1 3

3V SourceOne Capital Ariadne Capital Clearbridge Accelerator Small World Group Biofactory Get2Volume Red Dot Ventures NRF TIS Incubators Jungle Ventures Incubator 15% $88,235 Wavemaker Labs NRF 85% $500,000 The Network Fund (TNF) Golden Gate Ventures Incuvest Asia Stream Global Plug and Play Neoteny Labs is now Silicon Straits IDEAS Ventures (Innosight) Crystal Horse SingTel Innov8 SPRING Business Angels Scheme Sirius Venture Capital coinvests up to $1.5M Accel-X with BAF, Sirius, and Accel-X BAF Spectrum Tigris Capital SPRING SEEDS coinvests with external investors at 2:1, up to $1M. Tax incentives are also available. Many other targeted grants are available see www.idm.sg NRF Proof-of-Concept grant for IHL researchers (sister to TECS). NRF Incubation Scheme SPRING TECS Proof-of-Concept and Proof-of-Value schemes fund commercialization. Pollenizer JFDI.Asia neo.com Each of these three o ers di erent propositions, but all emphasize Lean Startup methodologies. iJam Incubators invest $50,000 for typically 525%. iJam Reload follows on with up to $200,000 of funding. See http://www.idm.sg/support/ijam/ Mindefs CSIT Tech Innovation Fund has money for strategic applications. SPRING ACE matches 70% (up to $50K) to founders 30%. Angel Investors One way to reach angels is via BANSEA.org, which holds pitch sessions regularly. You can also apply to pitch at AngelsGate. Conferences like Echelon o er yet another venue. Friends, Family, and Fools Taking money from friends and family is a good way to end up with neither. Dentists, Doctors, and Mid-career entrepreneurs enjoy the advantage of wealthy classmates and friends. IDMPO runs the iJam scheme

If youre playing at this level, you probably dont need this map. JAFCO Asia JAIC Asia Capital OWW Capital Partners Gobi Partners Vickers Venture Partners Vertex are the VC arm of Temasek, and appear to be more engaged with the early stage community than most funds of this size. SBI Venture Capital Infocomm Investments Pte. Ltd. are a wholly owned subsidiary of IDA.gov.sg. SPRING Bridging Loan Programme matches bank loans 8:2. EDB Investments would need a strategic reason to invest. Formation8 are relatively new to the scene but bring considerable cash and connections in the Valley and globally. 8capita are a bunch of well respected ex-entrepreneur angels very connected with the startup scene. A number of Japanese investors both funds and corporates are expanding to Southeast Asia: Global Brain (KDDI), Fenox (IMJ), Rakuten, Gree, etc Corporate venture funds include Intel Capital, SPH, MediaCorp, and Daily Mail Group (DMGT). Phillip Capital have a number of funds at various sizes. Also look into the GIP funds http://www.contactsingapore.sg/gip/ Digital Media Partners (digitalmedia.vc) speak uent Russian. Walden International are respected investors. NRF Early Stage coinvested 50:50 in VC funds Ra es Venture Partners IDM Ventures (idmvc.com) Mercatus Capital Sequoia India iGlobe Group have been around for a while and are respected investors. Ambient Sound Investments is Toivo Annuss investment vehicle. 3V SourceOne Capital (3VS1)

Early Stage from product to revenue

Late Stage from pro tability to expansion/exit

SingTel Innov8 are one of the most active seed and early stage investors in Singapore, but you have to show a strategic bene t for the SingTel Group.

Seed from idea to prototype

Skin in the Game Many entrepreneurs invest hundreds of thousands of dollars of their own money into their ventures. Are you prepared to go months or years without pay? If you arent willing to put money into the business, why should an investor? Believe me, they can smell an uncommitted entrepreneur a mile away. SGD sought 0 75,000 125,000 250,000 500,000 1,000,000 2,000,000 4,000,000

Mengs Map of the Money Source: Wong Meng Weng Available at mengwong.com/sg/capital/mapofthemoney.pdf Placement on map is approximate. Not all funding sources are listed; not all listed sources are active. Industry-speci c grants may be available. Investor appetites vary constantly. Comments and corrections welcome at mengwong@jfdi.asia version 20130705 8,000,000 16,000,000

Bootstrapping: Theres always the old-fashioned way to raise money: by earning it, one dollar at a time. Who needs external nancing when youve got tons of customers?

Alternatives

Strategic Corporate Investment: A big company might nd you intriguing; try contacting the venture arms of established players in your industry.