Are you aspire to be a Co-founder of a Startup someday? Just like the show - Startups in Netflix? :))
After being an entrepreneur for a decade, making all the mistakes and making millions of dollars in revenue myself, I discover there is a systematic approach to start a Startup.
You will get to discover:
1. How to pick the right idea worth millions.
2. How to apply the proven 5 steps process so that you can start your business idea.
3. How to start a Startup without using your capital.
Tech2reach.com is one of my latest business which I am running. It provides resource management to local companies who want to engage Talents from overseas.
Brief background of myself. I own three businesses.
First business
- Started a traditional business in 2010, selling POS software, is now valued at S$0.8 million (US$0.5 million). (latest update: I sold off my shares in April 2020 and exited this business totally. Hooray! :))
Second business
- Started a tech Startup in 2014, providing doorstep iphone repairs and is now valued at S$5.5 million (US$4 million). The site is getfynd.
Third business
- Started an innovative business in 2019 to provide human resource management for overseas Talents. Valuation is still early as I just started recently. Talents such as programmers, digital marketers, accounting executive etc. The site is tech2reach.
Hence I am very excited and passionate to show you the ropes how you can discover to start your business idea to raise funds so that you do not have to make the mistakes that I did, on your journey to begin this entrepreneurship journey. A journey of a thousand miles begins with a single step…
If you aspire to initiate a startup company now and feels you need mentorship, then this is for you. I’m here to show you the business approach, mentor you and help you raise funds from investors.
The good news is that recently Enterprise Singapore has announced that it is giving away S$50,000 grant to each Startup upon successful pitch.
My job as your mentor is to help you find the right business idea (if you do not have yet ) and increase your chance by 50% more to achieve getting the grant/funds from investors.
Below is their announcement extracted;
In a Ministerial Statement given by DPM Heng Swee Keat on 17 August 2020, it was announced that up to S$150 million has been set aside for the enhancement of the Startup SG Programme, to boost the pipeline of new innovative startups in Singapore.
Enterprise Singapore will also provide the startups with a startup capital grant of $50,000. Startups are required to raise and commit S$10,000 as co-matching fund to the grant.
Compensation
This role as a Co-founder does not draw a salary (not till funds are raised). You will be part of a Startup as a Co-founder. (the idea can be based on your idea or created via brainstorming exercise together)
At least 2 co-founders will come to work together to tap on each other’s strength to make the startup a success. We may pair you with another co-founder if you do not have one.
This is a 12 weeks Startup mentorship programme. We offer free mentorship is given as well as practical insights to individuals to pick up skills on how to kickstart a startup to raise funds. However the free mentorship will come in exchange for only 8% equity in the company.
You may be required to come up with an initial small capital to incorporate your company in ACRA.
We are also able to offer Certification on participation (12 weeks) regardless the startup is successful or not.
Startups Co Founder Programme (Free Mentorship)
Getting into a Startup company has deep learning curve as you will need to learn to do everything for a startup.
Requirements:
- First time entrepreneur, meaning you have not registered a company in ACRA before f you want to raise funds from Enterprise Singapore.
- Must be a Singaporean or a PR if you want to raise funds from Enterprise Singapore. If not, it does not matter where you are from.
- Whether you are an undergraduate, waiting for enrollment or working adult, all are welcome.
- Willing to commit at least 12 weeks full time commitment.
- Having an initial idea or not is secondary.
- Willing to incorporate a company in Singapore.
If you are interested in the Enterprise Singapore grant, below are the details.
The grant is open to all Singaporeans/Permanent Residents who meet the following conditions at the time of application:
- The team has at least 3 SC/PRs, who are the main applicants of the grant;
- At least 2 of the 3 main applicants are first-time founders;
- The main applicants who are first-time founders must hold a minimum of 30% equity in the company collectively;
- The company must have a minimum 51% SC/PR shareholdings;
- The company must not be more than 6 months of incorporation at the point of application to the AMP;
- The 3 main applicants must contribute meaningfully to the company, and not be employed by another employer;
- At least 2 of the 3 main applicants should be committed full time to the company, and must be key decision makers of the company;
- The main applicant(s) must not have received any funding for the proposed business idea from another government organization;
- The proposed business idea must not be in the following list: cafes, restaurants, night clubs, lounges, bars, foot reflexology, massage parlours, gambling, prostitution, social escort services, employment agencies (including recruiting foreign work permit holders and workers/support staff, relocation services, and manpower services), and geomancy
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