Starting a business is hard. And what’s harder? Building and sustaining it further.
Fortunately, Singapore currently ranks 2nd in ease of doing business with real pro climate to start and build your own venture. While the ideas and the efforts from your side for the product/service matter the most, there are also some other important things you need to do in order to build a great business. We’ve gathered important tools and startup resources to help you get started with your own business in Singapore.
Register / Incorporate a Business
- Guide Me In Singapore — A detailed overview of company registration requirements, procedure, and timeline for registering a company in Singapore.
- Otonomos — A simpler way to incorporate your company, manage your shareholders and govern your board.
- Singapore Company Incorporation — Incorporate your company in Singapore.
- Lean Domain Search — Suggests all available .coms with a given keyword somewhere in the name
- Instant Domain Search — Quickly check specific domain availability
- Namecheap — Register your domains without getting screwed
- Asia Law Network — Easy and affordable access to legal advice in Singapore.
- Dragon Law — Cloud Software for Legal and Business Documents
- Law Canvas — Contract Editing platform for small businesses. LawCanvas lets you create legally binding agreements in simple English, right on your desktop.
Accelerators / Incubators
- Startupbootcamp — An accelerator focused on financial innovation, providing funding, mentorship, office space and access to a global network of investors and venture capitalists, for up to 10 selected startups per year.
- East Ventures — An early stage fund focusing on consumer web and mobile startups, based in Singapore, Jakarta and Tokyo.
- The FinLab — The FinLab accelerates the development of disruptive FinTech start-ups changing our world today. A joint venture between Infocomm Investments Pte Ltd (IIPL) and United Overseas Bank Ltd (UOB), their wide connections in ASEAN, Greater China, Europe and the United States provide our start-ups an unparalleled access to the global market for growth and expansion.
- Fatfish MediaLab — Fatfish partners with entrepreneurs to facilitate building Internet ventures with the potential to scale globally through its proprietary process “Seed-to-Exit”.
- Jungle Ventures — Jungle is a Singapore-based venture firm that funds and helps startups scale across Asia Pacific.
- InnoTribe Startup Challenge — Launched in 2011, Innotribe Startup Challenge’s mission was to bring visibility to activities at the edges of our ecosystem, highlighting the importance of these new emerging companies called startups and their revolutionary way to think and work.
- The Wells Fargo Startups Accelerator — The Wells Fargo Startup Accelerator is a hands-on program designed to advance startups that create solutions for enterprise customers – inside and outside the financial industry.
- Red Dot Ventures — Established in 2012, Red Dot Ventures is a seed-stage venture capital fund focused on Singapore-based high-tech startups.
Raising Capital / Finding Investors
- Angel List Singapore Investors — The list of investors in Singapore from angel.co
- 500 Startups — It believes successful internet startups are born from usable design, customer-focused metrics, and online distribution.
- 8capita Partners — An investment partnership focusing on mobile and internet companies.
- ACP — A venture capital firm based in Singapore. It has a team with experience as investors, entrepreneurs, and operators.
- BioVeda — Invests in healthcare companies with leading market positions, proprietary technologies, and outstanding scientific and management talent.
- Crystal Horse Investments — Founded in Singapore and is mainly involved in angel investments. They support founders who are passionate about their business ideas, realistic, hardworking, looking for an edge, thinking out of the box, and are ethical in their dealings.
- DMP — A venture capital firm specialised in emerging digital markets, primarily in Southeast Asia. It invests in the development of the consumer internet and its supporting infrastructure.
- East Ventures — With a total of 6 offices in Jakarta, Tokyo, and San Fransisco, its global team has invested in over 150 companies across Asia and the US. Its portfolio of companies focuses on commerce, social, game, SaaS, and mobile services.
- EDBI — Corporate investment arm of the government’s Economic Development Board. It invests to shape the future industries of Singapore in the knowledge and innovation-intensive sectors of biomedical sciences, information and communication technology, and select industry clusters.
- Expara — Founded by Douglas Abrams, a venture capitalist, entrepreneur, angel investor, and educator who has been working in Singapore since 2000.
- Gobi Partners — An early stage venture capital firm focusing on IT and digital media investments. They define digital media as a new form of communication emerging from the convergence in telecommunications, media and technology.
- Golden Gate Ventures — It focuses on companies building out consumer internet products and services for Southeast Asia. It prefers companies with a launched product (stealth is fine) or that have establish valuable distribution partnerships in the region.
- Hatcher — A venture capital firm focusing on B2B startups. Some of its features include finance and CRM support for investors, centralized knowledge banks, and access to its network of investors and mentors.
- IMJ Investment Partners — A Singapore-based VC, is focused on investing in startups Southeast Asia and Japan. It is the subsidiary of Japanese web and mobile marketing firm IMJ Corporation.
- Innosight Ventures — Its usual investment quantum is up to half a million Singapore dollars in each company. It is also open to co-investing with other venture capital firms, when more capital is required. It has led investment rounds where companies have raised in the range of S$1 to 2 million.
- Jungle Ventures — A Singapore-based, entrepreneur-backed venture firm that funds and helps startups scale across Asia Pacific. It invests in global startups that are solving problems relevant to Asia Pacific markets.
- Majuven — An early and growth stage venture capital fund founded by experienced business leaders in Singapore in 2012. One of its founding partners is Lee Hsien Yang, the brother of Singapore’s Prime Minister Lee Hsien Loong.
- Mercatus Capital — Provides startups services like venture and angel funding, securing grants, public and private Equity, mergers and acquisitions, corporate restructuring, financial advisory, initial public offerings, and strategic partnerships.
- Monk’s Hill Ventures — A partnership of seasoned entrepreneurs who have built and backed global companies based both in Silicon Valley and Asia. It is a venture capital firm investing in technology startups that will take advantage of Southeast Asian markets.
- NSI Ventures — It makes investments in early-stage technology companies based in Southeast Asia. It typically invests at the series A or B stage, where revenue traction is building and capital is required to drive rapid growth.
- Singtel Innov8 — The venture capital arm of regional telco group Singtel, invests in and partners with tech startups worldwide. It has a fund size of US$250 million.
- Tri5 Ventures — A seed fund to back Singapore-based startups. It invests US$71,000 to US$286,000 per round.
- SeedPlus — Backed by a network of strong partners, with a pedigree of successful start-up engagements, SeedPlus offers an unparalleled support network.
- 2Checkout — A global payment platform that enables companies, including ecommerce sites, to accept payments via a hosted or an integrated setup. There are no setup and annual fees. The service charge is 3.9% + SGD 0.45 per successful transaction.
- Asia Pay — One of the largest online payment processors in Asia. Asia Pay is an integrated payment gateway with its setup fee, annual fee and transaction service charges depending on the reseller’s rates.
- BrainTree — It is an integrated payment gateway that accepts not only credit cards, debit cards, and PayPal transactions, but also Venmo, Apple Pay, Android Pay, and so much more. There are no setup and annual fees with Braintree, but a service charge of 2.9% + SGD 0.30 per transaction applies.
- Coinbase — If ever you will have customers who want to pay for your products using bitcoin, consider Coinbase, an international digital wallet that allows you to manage and accept bitcoin currency, as one of your integrated payment gateway solutions. Whenever you make a sale, you can immediately sell the bitcoin you received to Coinbase so you get the best value and avoid volatility in exchange. Receiving bitcoin payments is free, but there will be a 1% charge once you cash out your bitcoins.
- CyberSource — CyberSource is a Visa company that allows ecommerce businesses to safely accept payments across different sales channels via their cloud-based platform. Payment methods include digital wallets, bank transfers, direct debits, credit cards, and other alternative payments. CyberSource is pre-integrated with popular ecommerce platforms, such as Shopify. Their setup fee, annual fee, and transaction service charges depend on the type of merchant solution you will choose.
- Stripe — Whether you’re creating a subscription service, an on-demand marketplace, an e-commerce store, or a crowdfunding platform, Stripe’s meticulously-designed APIs and unmatched functionality help you create the best possible product for your users. Charges: 3.4% + $0.50 per successful card charge. No setup fees.
- Xfers — The secure way to accept bank transfer and credit card payments for anyone. Charge a percentage-based fee (3.5% + $0.50) every time your buyer pay via their credit card. There are no hidden costs involved.
- The Hive — The Hive Singapore was created for open and dynamic minds who seek a place to concentrate, but also value the potential that comes from working with others in different industries.
The Hive, 59 New Bridge Road, Singapore 059405, +65 6532 2119
- BLK71 — Blk71 has quickly become a beacon for the community and is now home to hundreds of tech-related start-ups, venture capitalists and incubators occupying its seven storeys.
71 Ayer Rajah Crescent, #02-01, Singapore 139951, +65 6874 1292
- The Great Room — Right in the centre of the city, The Great Room’s location is perfect for anyone who needs to meet business contacts in the CBD. It’s also a great place to bring clients or partners with their new Hot Office system and many intimate and quiet spaces one can use.
The Great Room, #10-01, 1 George St, Singapore, 049145, +65 6816 8000
- Collision 8 — Right in the centre of the city, The Great Room’s location is perfect for anyone who needs to meet business contacts in the CBD. It’s also a great place to bring clients or partners with their new Hot Office system and many intimate and quiet spaces one can use.
The Great Room, #10-01, 1 George St, Singapore, 049145, +65 6816 8000
- Lattice80 — LATTICE80 is an independent, not-for-profit Fintech Hub based in Singapore.
80 Robinson Road, #08-00 Singapore, +65 6817 3141
Find Freelancers / Part-timers
- FreelanceZone — Find freelancers and part-timers in Singapore.
- StartupJobs Asia — Reach a large pool of job seeker keen to work in startups
- Upwork — Get more done with freelancers
Is there any important tool or resource we missed out on? Do let us know. Also check out the List of Top 25 Startup Influencers in Singapore to get guidance/mentoring.