19 Jan '12, 4am

Singapore’s YES! Startup seed fund no more, resurrects as ACE Startups

Singapore’s YES! Startup seed fund no more, resurrects as ACE Startups January 19, 2012 by Terence LEE The YES! Startup scheme, a government seed fund that has been around since 2008, is no more. It is being replaced by ACE Startups , which will accept applications from 1st February. The new initiative was announced at a press conference today, and is positioned as an improvement on YES! Startup. While YES! had an upper age limit of 26, ACE will do away with this requirement to cater to older applicants like mid-career professionals, retirees, and seniors (more about older entrepreneurs ). Funding of up to S$50,000 (US$39,125) per startup will be provided, which will be given in several tranches, subject to the hitting of milestones. The Action Community for Entrepreneurship (ACE) is a private-public partnership formed in 2003 to create an entrepreneurial Singapore. It is ...

Full article: http://sgentrepreneurs.com/news-stop/2012/01/19/singapore...

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