Potentially, 1 startup will be invited for up to SGD 90,000 worth of investments and receive extended advisory after the successful completion of phase 1 of the programme.
Accrete Innovation will take 6% common equity through accelerator stock purchase agreement.
The SGD 90,000 worth of investments includes
- SGD 12,000 cash investment
- SGD 28,000 award for SEA Anchor programme fee (phase 1)
- SGD 50,000 value which include 1 x free company registration and 12-months secretary services, and 6-months extended advisory
* subject to due-diligence by Accrete Innovation and acceptance by startup.