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Start, Scale, Soar: Supporting the Growth Journey of Start-ups Mr Ted Tan Deputy Chief Executive SPRING Singapore.

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Presentation on theme: "Start, Scale, Soar: Supporting the Growth Journey of Start-ups Mr Ted Tan Deputy Chief Executive SPRING Singapore."— Presentation transcript:

1 Start, Scale, Soar: Supporting the Growth Journey of Start-ups Mr Ted Tan Deputy Chief Executive SPRING Singapore

2 Strengthen support for start-ups’ growth journey 2 Promote a strong entrepreneurship culture and start-up community Facilitate the creation of an entrepreneurial hub Catalyze partnerships between large enterprises and start-ups Help start-ups venture abroad through soft- landing and in-market partners Facilitate access to talent Strengthen financing opportunities STARTSCALESOAR

3 By developing an entrepreneurial culture and community… 3 Initial public-private initiative, fully privatized in 2014 Foster a culture of serial entrepreneurship & ‘paying it forward’ Focus on helping start-ups in the initial phase Entrepreneurship in Education Early exposure to entrepreneurship from primary schools to universities Spur private sector involvement

4 Building infrastructure to foster start-up communities… 4 Launchpad @ one-north Focus Sectors Science and engineering, Biomedical, Electronics, Infocomm and media 500 Start-ups 35 Incubators & Accelerators 2,000 Talents

5 Strengthening partners to better multiply efforts.. 5 Incubators identify high-potential start-ups & accelerate their growth >40 incubators are government-backed, able to support 600 to 1,000 start-ups Government support through co-investment and/or defray of operating costs Ideation Validation Efficiency Scale Access to Financing Raw Business Idea Transfer of Expertise & Know-how Focused Development Support Mentoring Promising Start-up Growth Market Access Role of Incubators

6 …And enhancing market access opportunities for growth 6 Support promising start-ups in establishing presence in overseas markets through the right infrastructure, resources and networks Engage overseas networks of incubators & partners Help start-ups access markets and facilitate matching with overseas partners Encourage overseas incubators and corporations to establish local incubator presence Establish in-market ecosystem, indirectly through partners or directly Attracting Overseas Incubators and Partners Overseas MissionsOverseas LaunchPads

7 For start-ups to reach their fullest potential… 7 Live-chat platform for websites to provide immediate customer support Used by >70,000 businesses Incubated by NUS Enterprise & invested by SPRING SEEDS Acquired by NASDAQ-listed Zendesk for > SGD 30mil Real-time video analytics for retailers to track shopper insights Invested by SPRING SEEDS Partnering MNCs like Wincor Nixdor to integrate solution into existing retailer networks

8 Conclusion 8 Increase linkage between start-up communities and incubators in APEC economies Welcome partnerships to boost overseas LaunchPads STARTSCALESOAR

9 Thank you 9


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