Are you a start-up in the interactive and digital media industry? Get a grant of up to S$50,000 to develop your new idea into an innovative product or service.

For who?

• Any business that is registered/incorporated in Singapore.
  
  
• Individuals may also apply provided the bulk of the project funded takes place in Singapore.

For what?

• To provide funds and mentors to start-ups in the interactive digital media (IDM) industry with breakthrough ideas which can be turned into innovative products or services.
  
  
• Your project must involve:
  
  
  • innovation (e.g. technology or business model innovation)
  • technology (e.g. a new web/mobile application)
    
    
• Your project must be:
  
  
  • in the early stages of development
  • carried out mostly in Singapore
  • risky and yet be feasible
    
    
• Your project must result in innovative products, processes or business models which:
  
  
  • can be protected by intellectual property (IP) laws; or
  • have the potential to be exported regionally and globally
    
    
• You must have/be:
  
  
  • a clear vision of your project’s business potential
  • a passion for the subject matter
  • committed to the viability of the project

How much?

• A mentor will be appointed to nurture your start-up and administer the funds. Mentors will:
  
  
  • invest in your startup as shareholders (≈10% - 25% of the project cost)
  • advise startups on their idea’s uniqueness
  • help startups develop their contact network
  • provide general business advice
  • offer guidance on securing additional project funding
  
  

  See:	List of mentors on the IDM Programme Office website

  
  
• You will receive a grant of up to S$50,000 of your project’s qualifying costs which includes:
  
  
  • subsistence allowance of up to S$600 a month per applicant
  • cost of hiring external advisers
  • marketing expenses
  • research expenses
  • purchase of equipment and software

Things to note

• You will receive the funds as advancements from your mentor on a quarterly basis.
  
  
• You must return any unspent funds if you decide not to complete the project.

For more info

i.Jam Micro Funding Scheme
Interactive Digital Media (IDM) Programme Office
Media Development Authority (MDA)