20 Mar '13, 3am

i.JAM revamp? Entrepreneurs, investors weigh in on what it needs to do to stay relevant : SGE

i.JAM revamp? Entrepreneurs, investors weigh in on what it needs to do to stay relevant March 19, 2013 by Terence LEE iJAM is being undermined by bureaucracy. In case you’re wondering, that’s Karl Marx and Franz Kafka in the picture. Image: Harold Groven An intense debate has raged over the weekend about i.JAM , a government grant scheme for seed stage startups, among Singapore’s entrepreneurs, developers, and investors. While much has been written about the topic by Jeffrey Paine of Golden Gate Ventures and Willis Wee of TechinAsia, it seems that venture capitalist Murli Ravi’s blog post was the flashpoint that brought the debate to a boil. Plenty of focus has been placed on the i.JAM grant’s supposed salary cap, which states that “a founder shall be paid up to SGD 1,000, regardless of whether he/she is concurrently hired as company employee for purpose of the Project.” J...

Full article: http://sgentrepreneurs.com/2013/03/19/i-jam-revamp-entrep...

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