IES-INCA has been appointed by ENTERPRISE Singapore (ESG) as one of the 14 new Accredited Mentor Partners (AMPs) to support its Startup SG Founder scheme to groom local startups, with the appointments taking effect on May 1. Find out more about Sartup SG Founder here;
The new appointments bring the total AMP network to 57. IES-INCA was selected based on the quality of its programmes, the strength of its management teams and its operational sustainability.
IES-Incubator and Accelerator (IES-INCA) is the incubator arm of The Institution of Engineers, Singapore (IES) to support engineers in technopreneurship and new technology business ventures.
Compared with the most tech accelerators in Singapore who focus on business aspect and are driven by margins and time-to-market factors, IES-INCA is uniquely designed to focus on engineers, engineering and deep-tech.
From the board of directors to its operations team, IES-INCA speaks the same language and understand the needs of engineers and technopreneurs so that its mentors can guide and advise on necessary technical, financial and business developments needed for products and services to be successfully commercialised.
The Startup SG Founder programme aims to provide mentorship and startup capital grants to first-time entrepreneurs. The AMPs identify eligible startups based on their business concepts, business model feasibility, strength of their management teams and potential market value. Successful applicants receive advice, learning programmes and contacts from the AMPs.
Last year, 74 startups received structured mentoring from 43 AMPs and were awarded grants totalling S$2.22 million for business development.
“The focus of IES-INCA will be to support The Institution of Engineers, Singapore (IES) members who are first time technopreneurs starting out their Engineering/Technology business. Mentorship is especially critical for them. We are looking forward to helping and nurturing more technopreneurs to achieve success,” said Mr. Andy Wee, General Manager of IES-INCA.
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Find out more about Startup SG Founder here.
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