Raise funds for your start-up. For every S$1 invested by Business Angel Funds, SPRING SEEDS Capital will invest S$1. The maximum investment by SPRING SEEDS Capital is S$1.5 million.

• Singapore-based companies who:
  
  
  • are incorporated for 0-5 years 
  • have minimum paid-up capital of S$50,000
  • are developing innovative products or processes for the global market

• To encourage proactive business angel investments in innovative seed or early stage start-up companies.
  
  
• Pre-approved Business Angel groups will have their investments in start-ups matched by SPRING SEEDS Capital*.
  
  * SPRING SEEDS Capital is a subsidiary of SPRING Singapore.

How much?

• The minimum investment per start-up by the pre-approved Business Angel group must be at least S$75,000.
  
  
• SPRING SEEDS Capital will match the investment S$1 for every S$1 up to a maximum of S$1.5 million.
  
  
• From 1 December 2008 to 31 January 2011, SPRING SEEDS Capital may match S$2 for every S$1 invested on the start-up, up to a maximum of S$1.5 million, on a case-by-case basis.

• Start-ups who have already received funding under Start-Up Enterprise Development Scheme (SEEDS) can still apply under BAF for follow-on investment up to a maximum of S$1.5 million.
  
  
• BAF is similar to SEEDS in its aims. The two equity funding schemes work together to help fund start-ups.
  
  
• The Business Angel groups have indicated industry sectors which they will not invest in:
  
  

  Business Angel Groups	Excluded Industry Sectors
  BAF Spectrum Pte Ltd	• Retail • F&B • Automotive • Aviation • Recruitment & Talent Agencies • Fast Moving Consumer Goods • Logistics • Education & Property Development
  Sirius Angel Fund	• Biotechnology • Life Sciences • Property Management
  Accel-X Pte Ltd	None, as long as the business is potentially scalable