Singapore-based startup incubator Angels Gate Advisory (AGA) yesterday announced its ‘Pay It Forward’ movement which will see local startups from any industry get free advisory and guidance services, as well as free incubation space.
“If we contribute and invest time and energy freely into startups, when they grow and become profitable, they too will contribute and invest time and energy into the next generation. We are community driven. Iron sharpens iron,” said Christopher Quek, Director and Resident Mentor, AGA.
To date, the incubator has advised and mentored more than 50 startups since 2013. The companies include KungfuMath.sg, an educational gaming technology platform; Loco, a real-time geolocation technology startup; and Taste Genome, an analytical system looking to disrupt to food industry.
According to an official document, while AGA is an appointed iJAM incubator, it will not seek equity in kind to help startups with their applications for the i.JAM Reload Tier-1 grant.
“AGA was formed to help guide and nurture early stage startups. We have quite a way to go to a fully matured and developed ecosystem, but we have seen some very encouraging signs. We’re confident we can get there,” said Khattar.
For the record, AGA was backed by Khattar Holdings. It is also the sole appointed advisory managing the investment and incubation of firms hailing from the Angels Gate platform, a reality show featuring business pitches.