STARTUPS STAY LONGER
We are helping eligible Startups access the private and public investor market in Singapore by deferring our fees until your business is setup fittingly to qualify for funds. Startups interested to secure more Venture Capital Funding from private and public investors can apply.
* Submit your startup for evaluation. Conditions apply.
Funding and Financing for breakthrough technology
STARTUP SG Investor
One of the advantages of establishing a headquarter in Singapore is access to this grant, Startup SG Tech, which provides project funding for local Singapore companies to develop breakthrough technology that can disrupt current markets or create new markets.
With Startup SG Tech, companies established in Singapore receive funding for either Proof-of-Concept (POC) or Proof-of-Viability (POV) projects. POC projects, designed to test the technical and scientific viability of a new technology, can receive funding of up to S$250,000. POV projects, designed to test the commercial viability of a lab-proven technology, can receive up to S$500,000 in funding. Contact support@kimbocorp.com to enquire about eligibility.
SEEDS co-investor
Another major advantage to Singapore incorporated technology-centric businesses is access to SEEDS Capital (SSC), which co-invests in scalable innovative startups with strong intellectual property;
SSC especially funds deep-tech nascent industries such as biotechnology and advanced manufacturing. SSC will take an equity share in the startup and the shareholding varies depending on the valuation of the startup. The investment horizon for SSC is generally five to seven years and may take longer depending on the company’s business traction. SSC’s exit options include all conventional means such as trade sale, IPO and M&A. Contact support@kimbocorp.com for more information.
Regional Venture Capital Funding
An advantage of being ingrained in the Singapore technology startup scene is access to government-approved venture capital companies. We work with over 500 deep-tech startups and over 40 incubators and venture capital firms, who especially focus on startups in nascent and strategic industries such as Advanced Manufacturing & Engineering (AME), Health & Biomedical Sciences (HBMS), and Urban Sustainability & Solutions (USS).
Due to lack of suitable expertise to back deep tech startups, investments in domains such as Advanced Manufacturing, Urban Solutions and Sustainability, and Healthcare and Biomedical Sciences made up only less than 4% of the total capital invested. However, this domain is rapidly growing in traction due to an ageing and wealthier population creating a growing demand for new and innovative solutions.
Economic Development Board
Economic Development Board of Singapore (EDB) is an active facilitator to help more established Startups setup in Singapore.
The various programs they have includes;
Debt financing of up to LTV 80%
kimbocorp runs a proprietary debt program to help Startups with up to LTV 80% (equivalent to 5x leverage). We will seek a deposit of $500k - $2mil in order to achieve a low-interest debt of about $4mil - $10mil. Actual amounts to be confirmed on a case-by-case basis. Loan term will be 3-5 years.
We also help startups to issue financial guarantees such as LC, SBLC and BG to vendors or manufacturers to produce more products and services without expensing capital. This provides startups with assurances that products will be produced and delivered before funds are transferred. This is the same way that kimbocorp's business works.
Access to financing from 120 banks
The Global Financial Centres Index ranking has put Singapore as the third most dynamic financial centres in the world. Another factor that enhances Singapore’s standings is its readiness to embrace new and more contemporary markets. This means platforms like fintech and blockchains technology have become quite the order of the day here. Such a scenario puts Singapore on par with among the top financial centres like New York. Such is the case that Singapore is now a major hub for cryptocurrency trading in Asia.
In terms of banking, there are now over 120 banks operating in Singapore. Among them, 5 are locally owned of which 2 of them are among the top banks in the world. In terms of numbers, there are now about S$2.5 trillion in asset management companies with a steady growth of about 10%. Meanwhile, there are more than 250 assets and fund management companies here.
Evaluating Startups
For startups to qualify, they need to exhibit the following characteristics;
Qualifying Startups
If Startup is found evident in their business and technology, we will qualify the startup to receive funding and financing. Work includes;
Technically there is no change to the startup's core business, but one of the main criteria is that Startup's must commit to have core activities in Singapore.
CORPORATE STRUCTURING
For qualifying Startups, we provide pre-qualification corporate structuring for your business in Singapore so that you can qualify for funding and financing from this part of the world.
Stay assured that we will have your back for;
So that you can concentrate on running the business and not worry about share ownership in the enlarged corporate structure..
SEEDS co-investor plan
No funds transferred until work is done.
Hold until we deliver the following;
- Term-sheet from co-investor to invest a minimum of S$50,000;
- Business plan formulation, 2-page executive summary, financial projection;
- Financial statements or management accounts;
- Business license registered with ACRA;
- Trademark or Patent at Singapore-level;
- Appoint existing shareholders to Singapore-level (no change to ownership);
- Profile of Chief Operations Officer at Singapore level;
- All permitting and licenses to function in Singapore as a business
Who is this for?
For startup owners worldwide in nascent industries
Startup who requires investor, partner, inventor or just someone who can bring in business, funds or validate a business model pertaining to the break-through technology.
Why is it needed?
A SEED co-investor plan qualifies the startup owner to access institutional capital in SEA
Owner of the Startup shall be seeking;
What else is included?
We throw in these along at no additional costs;
Trusted Locals
For qualified Startups, the most important asset when venturing into an overseas destination, is the integrity and calibre of people on the ground. At kimbocorp, we again have your bank when it comes to introducing and executing the funding programs on your startups, so that your efforts in the startup are duly rewarded.
Also, we are here to create mutually beneficial relationships. Basically our example of mutually beneficial relationships include;
1) Marketing of shares to strategic investors for a commissions;
2) Distribution of Startup's commercial products and services for sales revenues;
3) Recruitment of local Singaporean or PRs to front Venture Capitalists in Asia.
We are here to help you and help ourselves at the same time.
Helping Startups expand through COVID-19
We are helping Startups expand by providing business structuring to tap into burgeoning Singapore Venture Capital Funding Market in exchange for minority shares.
How "Startups Stay longer" works
Hold until we deliver
SELECT YOUR PLAN
Complete the "Startups Stay Longer" Registration form with your business information
HOLD FUNDS
Hold the stipulated amount. We only start when you have added your payment details
WE EVALUATE*
kimbocorp evaluates the startup based criteria mentioned above
*funds are released back to Startup if startup does not meet criteria. No cancelation or booking fees are taken.
WE QUALIFY*
kimbocorp completes the qualification of the startup to receive funds.
*cancelation fees apply in the event Startup pulls out of the process
WE DELIVER*
Funds are disbursed to the Startup and to kimbocorp after items are delivered.
*cancelation fees apply in the event Startup pulls out of the process
Leverage our other business stacks to grow your Startup
For Startups we onboard during this period, we offer business stacks to grow your business, including;
Instructions to complete the 3-minute form
1. Answer the questions accurately
2. Answer all questions, including the non-mandatory ones, to allow us to evaluate your Startup properly.
Have questions? Post your question instantly to one of our friendly relationships officers
Tap these opportunities if your business has proper paperwork
6 opportunities to tap into for online registered businesses
kimbocorp is a onshore agent registered with the Accounting Corporate Regulatory Authority of Singapore.
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