SLINGSHOT 2024 - Deep tech startup pitching competition

Startup SG Grants – Terms and Conditions

1. Dedicate a reasonable amount of my time on the business, not be employed full time by another employer, and must be a key decision-maker in the company;
2. Register / have registered a private limited company in Singapore.

1. Business activities run by my company should be conducted wholly or mainly* in Singapore;
2. Proposed business idea must not be in the following list: cafes, restaurants, night clubs, lounges, bars, foot reflexology, massage parlours, gambling, prostitution, social escort services, employment agencies (including recruiting foreign work permit holders and workers/ support staff, relocation services, and manpower services), and geomancy.
3. I understand that Enterprise Singapore reserves the right to change the terms and conditions of the grant as may be specified and deemed necessary.

Grant Mechanism

1. The Startup SG Grants will be disbursed in at least 2 tranches across a 12-month period and each tranche will be tied to a certain product or business development milestones that are agreed upon*.
2. You will be required to submit an application form (to be sent later to grant recipients) to an assigned case officer, which will include proposing product or business milestones for disbursement.
3. Case officers will then work with you to iron out these milestones and ensure they are aligned with your development plans yet commensurate with the grant amount given.
   
   

*Details to be worked out with Enterprise Singapore.

Cash Prizes

All cash prizes are subjected to prevailing government taxes, while any cost of telegraphic transfer is to be borne by the awardee.

Rent-free space at LaunchPad – Terms and Conditions

1. Grand Winner: 18 months rent-free package
2. 1st Runner-Up: 12 months rent-free package
3. 2nd Runner-Up: 6 months rent-free package

1. Singapore-based company with core activities carried out in Singapore
2. Incorporated in Singapore for less than 7 years at the point of application for SLINGSHOT 2024
3. Latest funding round obtained is before Series B
4. Core business is in the development and/or commercialisation of proprietary tech solutions
5. Is not a subsidiary of a corporate entity (i.e. > 50% of the company’s shares owned by individuals)
6. Comply with Urban Redevelopment Authority's (URA) B1 industrial usage guidelines (i.e. min 60% of space usage for B1 industrial activities such as software development, core media production)

For SLINGSHOT winners that are not existing tenants at JTC LaunchPad

1. The rent-free package can only be utilised at LaunchPad @ one-north or LaunchPad @ Jurong Innovation District. The winner should notify JTC Corporation of their space requirement within 4 months from announcement of SLINGSHOT 2024 result.
2. Subject to the availability of a suitable unit, the winner should:
• Submit a space application to JTC Corporation within 6 months from announcement of SLINGSHOT 2024 result; and
• Sign a tenancy agreement with JTC Corporation within 9 months from announcement of SLINGSHOT 2024 result.
3. After 9 months from announcement of SLINGSHOT 2024 result, any unclaimed rent-free package would be forfeited.
4. The rent-free package is based on a 3-year tenancy period and will be spread over the 3-year tenancy period.
5. Should the tenancy be prematurely terminated, any unconsumed rent-free package will be forfeited.
6. The rent-free package is only applicable up to 100 sqm of space. Should the space take up be less than 100 sqm, JTC will not compensate the difference [1]. Should the space take up be more than 100 sqm, the rent-free package is only applicable up to 100 sqm of space.
7. All building rents and charges incurred during the 3-year tenancy period are subject to prevailing GST.
8. The winner cannot utilise the rent-free package to offset any outstanding arrears throughout the tenancy period.
9. The information contained herein are subject to change without prior notice. Standard terms and conditions in a tenancy agreement will apply.

[1] The rent-free package entitles the winner up to 100sqm of rent-free space. Should the space take up be less than 100 sqm, the excess rent-free entitlement cannot be converted to the equivalent monetary or non-monetary substitutes.

For SLINGSHOT winners that are existing tenants at JTC LaunchPad

1. The rent-free package will be spread over the remaining term of the tenancy. If the remaining term is shorter than the total months awarded under the prize package, JTC will not compensate the difference[1].
2. Should the tenancy be prematurely terminated, any unconsumed rent-free package will be forfeited.
3. Sign a tenancy agreement with JTC Corporation within 9 months from announcement of SLINGSHOT 2024 result.
4. After 9 months from announcement of SLINGSHOT 2024 result, any unclaimed rent-free package would be forfeited.
5. The rent-free package is only applicable up to 100 sqm of space. Should the space take up be less than 100 sqm, JTC will not compensate the difference [1]. Should the space take up be more than 100 sqm, the rent-free package is only applicable up to 100 sqm of space.
6. All building rents and charges incurred during the tenancy period are subject to prevailing GST.
7. The winner must not be in any rental arrears and cannot utilise the rent-free package to offset any outstanding arrears throughout the tenancy period.
8. The information contained herein are subject to change without prior notice. Standard terms and conditions in a tenancy agreement will apply.

[1] The rent-free package entitles the winner up to 100sqm of rent-free space. Should the space take up be less than 100 sqm, the excess rent-free entitlement cannot be converted to the equivalent monetary or non-monetary substitutes.

Membership with ACE.SG – Terms and Conditions

1. ACE.SG welcomes all startups incorporated in Singapore to join ACE as a member. For more information, please visit https://ace.org.sg/ace-membership/ or email memberships@ace.org.sg
2. The information contained herein is subject to change without prior notice.