Innovative criteria as an Entrepreneur

• Your company raised funding of at least $100,000 from a government investment vehicle, venture capitalist (VC) or business angel that is recognised by a Singapore Government agency.
• Your company is an existing incubatee at an incubator or accelerator in Singapore that is recognised by the Government.
• You have significant business experience or network and promising entrepreneurial track record of starting highlyscalable businesses and want to start and operate an innovative tech or venture-backed business in Singapore.

You must fulfil any of the following:

• You have founded and sold a tech company.
• You have raised significant funding from investors for a current or past venture.
• You have been or are being incubated by an internationally renowned incubator or accelerator.
• You can demonstrate how your business networks and track record can contribute to the growth of your proposed business in Singapore (e.g. produce a letter of intent from prospective customers).

Innovative criteria as an Innovator

You or your company holds an intellectual property (IP), registered with an approved national IP institution, which delivers a significant competitive advantage to your proposed business that cannot be easily replicated.

You must fulfil all of the following:

• Your IP must be registered with an approved national IP institution.
• Your IP delivers a competitive advantage to your proposed business and cannot be easily replicated.
• One of the shareholders or the company must be the owner of the IP.
• Expired IP can be considered as long as one of the shareholders is the inventor of the IP.

Your company has an ongoing research collaboration with a research institution under the Agency for Science, Technology and Research (A*STAR), an Institute of Higher Learning (IHL) in Singapore.

You must fulfil all of the following:

• The research collaboration must be related to your proposed business.
• The research institution needs to provide a contact person to verify details of the research collaboration.
• You must be involved with ongoing research collaboration.
• Contract of services is not considered to be research collaboration.

You have exceptional technical or domain expertise in an area related to your proposed business that is either venturebacked or owns innovative technologies.

You must fulfil all of the following:

• Your area of expertise must be related to your proposed business.
• You have outstanding achievements or received international recognition in your area of technical or domain expertise.

Innovative criteria as an Investor

You have a good track record of investing in businesses and want to grow new or existing businesses in Singapore.

Requirements

You are willing to invest a substantial amount of money in local tech startups and can provide supporting documents to show that you have one of the following:

• A strong track record of investing in and driving growth of highly-scalable businesses.
• Plans (i.e. quantum, period and pipeline) to invest in other local innovative or tech startups.
• At least 8 years’ experience as a senior management professional or executive in a large corporation that can help to scale up local innovative or tech startups.

Businesses that are not eligible

The following businesses are not eligible for an EntrePass:

• Coffee shops, hawker centres, food courts.
• Bars, night clubs, karaoke lounges.
• Foot reflexology, massage parlours.
• Acupuncture, traditional Chinese medicine, herbal dispensing businesses.
• Employment agencies.
• Geomancy business.