Special Situation Fund for Startups (SSFS)

The SSFS is a time limited scheme to support early- to late-stage promising startups from diverse sectors via convertible note, which may have developed innovations and technologies that can contribute to Singapore’s national priorities (such as those in the Industry Transformation Map sectors, or those creating good jobs for our population). Applicants will be assessed on a case-by-case basis.

Grant Amount

The S$285 million Special Situation Fund for Startups (SSFS) will be administered by EDBI, the corporate investment arm of Economic Development Board, as well as Seeds Capital, the investment arm of Enterprise Singapore, to provide financing support for promising startups based in Singapore.

Under this scheme, EDBI and SEEDS Capital will invest in selected startups with private sector co-investors on a 1:1 basis.

It will end when the funds are fully committed or by Oct 31, 2021, whichever is earlier.


• Company is a private company incorporated in Singapore for not more than 10 years.

• Company is developing/ producing/ and commercializing innovative technologies or services designed for scale and high growth.

• Company has secured paying customers and partners and demonstrated a commercially scalable business model of at least 20% annual revenue growth pre-COVID-19. For pre revenue companies, Company possesses either strong pre-clinical data (biotech companies), intellectual property, or technological know-how that cannot be replicated.

• Investors (existing/new) are committed and prepared to fund 50% of the convertible note.

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