If you have an innovative idea for a startup venture, do apply for the Venture Initiation Program@SoC grant! If awarded, you get a cool $10,000 to work on it further to determine if it can be turned into a real business.
The grant is for one year and is intended for a small team. While the main applicant needs to be from SoC, other members of the team could be from other schools. In fact, a team comprising students from different disciplines is encouraged. A diverse team with complementary skills is a strong team.
For those of you who are thinking about projects in IoT or hardware. SoC has a well-equipped Makers Lab that you can use for your ideas. Makers@SoC is located at COM3-01-19.
Eligibility:
- The project must be carried out by the student applicant or team and not be part of a project initiated by a Company.
- The main applicant must remain a student during the one-year duration of the grant.
Applications will be assessed on the following criteria:
- Is there a competitive or differentiating edge to your innovation?
- Is your idea unique or something that has been tried before? (see past projects here)
- Is there a sizable market and a clearly defined initial target market?
- Does the team have the competencies to deliver?
- Have you done sufficient research on the market need and competition?
- Are you able to demonstrate some early prototype? (this would be an advantage)
Closing Date: 31 March 2023
Apply via https://enterprise.nus.edu.sg/funding/nus-venture-initiation-programme/
Before you submit your application, please read application process, eligibility criteria and pitch deck guidelines at this site: https://enterprise.nus.edu.sg/funding/nus-venture-initiation-programme/
Click here for Online Application form
Kindly ensure your slides are easily downloadable.
Frequently Asked Questions for VIP@SoC.
Here is a list of past winners.