ESVF-approved VC funds will invest in early-stage, Singapore-based technology companies, which will see a 1:1 co-investment approach. The NRF will then invest S$10 million to S$15 million into each of the ESVF-approved funds.
These venture funds have to be registered in Singapore, and applicants with strong financial commitment, fund management teams with an expertise in early stage investments and an excellent investment track record will be favoured.
Interested parties are invited to submit a proposal to NRF via email to firstname.lastname@example.org. It should also be titled “ESVF Proposal Submission” and accompanied by a hardcopy submission sent by mail to the following address:
“ESVF Proposal Submission – ”.
An accompanying hardcopy submission should be sent by mail to NRF at the following address:
Attn: Hau Koh Foo / Daniel Wong / Chang Zi Qian National Research Foundation
1 CREATE Way,
#12-02, CREATE Tower
According to an official release, all email proposals must reach NRF no later than 5 PM on January 31, 2014, and hardcopy submissions must reach NRF no later than 5 PM on February 3, 2014.
NRF will also be conducting two briefing sessions to explain the scheme in further detail. Interested parties can look out for the following two timings and dates, and RSVP attendance to Daniel Wong (email@example.com) by 5 PM, December 4, 2013, and January 2, 2014 respectively.
1) First session: December 9, 2013, 2 to 4 PM at NRF Office (1 CREATE Way #12-02, CREATE Tower Singapore 138602)
2) Second session: January 6, 2014, 2 to 4 PM at NRF Office (1 CREATE Way #12-02, CREATE Tower Singapore 138602)
National Research FoundationSingapore
The National Research Foundation (NRF) sets the national direction for research and development (R&D) by developing policies, plans and strategies for research, innovation and enterprise.