Singapore Startups Receiving Government Grants Exiting via IPO, Merger or Acquisition

10 Mr Leon Perera asked the Minister for Trade and Industry (Industry) (a) in each year from 2010 to 2015, how many Singapore startups that have received Government grants have managed to successfully exit via IPO, merger or acquisition; (b) whether the exits, as a percentage of funded startups are on par with the ratios seen in other cities that are hotbeds of startup activity.

Mr S Iswaran: From 2010 to 2015, SPRING and MDA supported a total of 562 startups through the Technology Enterprise Commercialisation Scheme (TECS), ACE Startups grant and the IDM Jumpstart and Mentor (iJAM) scheme. Over the same period, a total of nine startups that had previously received one of these grants successfully exited through an IPO, merger or acquisition.

Agencies do not have equivalent data for comparison with other cities.