Business Angel Funds (BAF)

Overview

In encouraging experienced angel investing, SPRING SEEDS Capital works closely with two pre-approved private business angel funds to co-invest and nurture growth-oriented, innovative start-ups. Similar to the Startup Enterprise Development Scheme (“SEEDS”), this is an equity-based co-financing option for Singapore-based early-stage companies.

If the start-up is able to obtain investment interest and commitment from any of the two business angel funds, SPRING SEEDS Capital could potentially match the intended amount (dollar-for-dollar) of up to a maximum of S$1.5 million. Both SPRING SEEDS Capital and the business angel group will take equity stakes in the company in proportion to their investments.

Criteria

You may approach any of the business angel funds directly for their investment consideration, if your company meets the following :

• must be Singapore-based with core activities carried out in Singapore
• must be incorporated as a Private Limited company, and for less than 5 years
• has paid-up capital of at least S$50,000
• is able to evidence substantial innovative and intellectual content for its products and/or services and/or applications
• has high growth potential with clear scalability for the global market

Things to note

The Business Angel groups have indicated sectors which they  will not  consider investing in :

Participating Business Angel Funds

Please contact any of the Fund Managers below to register your interest.

BAF Spectrum Pte Ltd
Ms Jenny Law
Tel : (65) 6777 7139
Email : jennylaw@bafspectrum.com
Website : http://www.bafspectrum.com/ 

Accel-X Pte Ltd
Mr Edmund Yong
Tel : (65) 6516 5451
Email : admin@accel-x.com
Website : http://www.nus.edu.sg/enterprise/accelx.html