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ACE your startup Want to be the next Viddsee, Carousell or even Redmart? Then you’d do well to check out the Action Community for Entrepreneurship (ACE) Startup Grant, conferred by SPRING Singapore. Formerly known as the Young Entrepreneur Scheme for Startups (YES!), it is one of the most accessible funding sources that every maiden venture should tap on. It grants you $50,000 in cash with only two successful presentations required, takes no equity and can be done in three months. That’s right. Here’s what you’ll need to know, plus some of the things that are not specifically stated on the ACE website. 1. You do not have to register your business when you apply for the ACE Startup Grant, but you will eventually be required to incorporate a Private Limited Company before you can get your grant money. 2. ACE collaborates with many local educational institutes to make it easier for you to obtain the grant. Grant partners are awesome. 3. After all that hustling, you’ll need to develop a coherent story. 4. 5.

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