The negative side of grant schemes:
- Applying for grants often cost a lot of effort, both by the founder and the regulator
- The process often takes a long time, slowing down the founder and creating uncertainty
- Some founders completely rely on grants, they turn into "grantepeneurs" (I have seen quite a few of them already)
- The money for the grants and to run the regulator could have been used for other useful purposes
- The success rate for applying is not known, but sometimes very small, just a few percent, creating frustration with all the founders that are rejected
- There is always subjectivity involved in the decision making process (for instance what is "innovative"?)
- Others might not get grants and are thus disadvantaged
In Singapore there is something like 100 grants schemes, it would take an enormous amount of time to go through them all. In my humble opinion, this is madness.
I mostly like the small grants of SGD 50K as seed capital, the Yes program from Spring and the iJam program from MDA (this last scheme will be revised and relaunched soon).
In Malaysia there are some decent grants from Cradle:
Cradle Investment Program
Any question or comment regarding angel investing or other subjects, please use the area below and I will react soonest.