Technology Incubation Scheme

The Technology Incubation Scheme (TIS) was a government funding program of the National Research Foundation (NRF) of Singapore.^[1] The scheme was started in 2009 and ended on 30 June 2016.^[2]

Details of the Program

The TIS program selected funds that matched the following criteria:^[3]

• Funds that can incubate and nurture young start-ups prior to venture capital funding.
• The program matches investments up-to 85% co-funding of a private incubator (maximum S$500,000).
• Incubators have the option to buy out NRF's equity of the company. Option is valid for 3 years (post TIS investment).

Incubators accepted into the Program

As of 1 August 2013, there are currently 14 approved funds to work with the Singapore Government as part of the program:^[4]

• The Biofactory
• Clearbridge Accelerator
• Get2Volume
• Golden Gate Ventures
• Incuvest
• Jungle Ventures
• Plug&Play Singapore
• Red Dot Ventures
• Small World Group
• Stream Global
• Silicon Straits
• TechCube8
• TNF Ventures
• Wavemakers Labs

Funded under Technology Incubation Scheme

• Rainmaker Labs - Singapore Mobile App Development Company