Got a great idea that could change an industry, or simply looking to break free from the shackles of employment by being your own boss? Whether you have a startup or a regular small business in mind, you’ll need capital for launching and growing your business – or even just to tide you over rough patches.
Here are a few ways you can fund your small business in Singapore.
1. Government grants and equity financing schemes
Singapore places 12th globally in overall startup ecosystem rankings, in part thanks to the significant support provided by the government. Singaporean startups have access to a variety of government grants and equity financing schemes across different industries.
However, each grant or financing scheme has its own set of eligibility requirements. You may not be eligible if you operate in certain industries, such as gambling or tobacco. Some grants can be highly competitive, and …