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NUS Start-Up Runway
The NUS Start-up Runway provides a range of services and support to lend a hand to incubatee companies in their entrepreneurial journey.
We understand the challenge that entrepreneurs and start-ups face in recruiting good talent.
NUS Enterprise provides support in this area via organising booths at NUS career fairs for its incubatee companies to attract recruits. NUS Career fairs are excellent platforms for start-ups to scout for the talent they need. In every calendar year, there are usually three career fairs; one organised by the Centre for Future-Ready Graduates and two organised by the NUS School of Computing.
In addition to the career fairs, we have created a marketplace as a one-stop shop that caters to not only the hiring needs of businesses, but to also provide job opportunities for those who are keen to gain valuable work experience in real start-ups.
We also organise Open Houses at N-House (hyperlink to N-House page), our entrepreneurial-themed residence, as another avenue for our incubatee companies to showcase their businesses and meet potential hires.
NUS Enterprise can assist you in putting up recruitment notices at noticeboard areas within our premises to facilitate the talent search as well.
If you need recruitment support, do contact your portfolio manager or submit an enquiry to join the NUS Start-Up Runway programme here.
Start-ups fresh in the entrepreneurial scene can benefit greatly from our NUS Enterprise mentors, who help them progress in the right direction.
Our mentors offer general business advice, Go-To-Market strategies, business growth strategies, industry knowledge and more.
For those who are not yet incubatees of NUS Enterprise, you can book a short consultation session with our mentors for quick feedback on your ideas. For incubatee companies, we will match your company to a suitable mentor for dedicated mentoring in growing your business.
Consultation may be booked up to 2 days in advance. To book a slot, contact your respective portfolio manager for more information, or submit an enquiry here.
Growing a company involves more than just business development and revenue generation. There are matters at the backend that require you and your team’s attention as well.
As part of the dedicated support that we provide our incubatees with, NUS Enterprise engages professionals to provide a year of complimentary service in the areas of Corporate Secretarial matter and Basic Accounting/Tax-related matters. In addition, we can aid your start-up in marketing communication efforts.
Accounting & Book-keeping
NUS Enterprise provides complimentary accounting and book-keeping services for incubatee companies in their first financial year through our appointed financial services consultant. Thereafter, incubatee companies can enjoy subsidised rates for such services.
Under the complimentary services, incubatee companies can look forward to the scope of works listed below for their first financial year:
- Advice on financial accounting – includes general account filing, preparation and process control, etc.
- Setting up of proper accounting system – chart of accounts, petty cash, etc.
- Provide and implement accounting software system meeting needs of start-up companies
- Prepare half-yearly/quarterly financial statements (depends on volume) - Trial balance, P&L account and Balance Sheet, General ledger listings, cash flow statements, bank reconciliation statements, Trade receivables and payable aging lists, etc.
- Prepare unaudited annual financial reports (one financial year) for presenting to AGM as required by Companies Act for ACRA filing, and tax filing to IRAS
- Prepare tax computation and tax schedules for ECI to IRAS and Form C submission
- Book-keeping and accounting services (with less than 45 transactions per month or 540 transactions in current financial year) to prepare & provide current financial year statements and annual filings
Legal & Corporate Secretarial
NUS Enterprise provides complimentary legal and corporate secretarial services for incubatee companies in their first year of incubation through its specially appointed legal counsel. Thereafter, incubatee companies can enjoy subsidised rates.
Marketing communications
NUS Enterprise provides public relations and marketing support to our hotdeskers and incubatee companies to help them establish their positioning in the market or to make announcements on their products and services.
Support to hotdeskers are offered on a case-by-case basis, depending on the type and nature of announcements. As for incubatee companies, we do our best in helping them leap forward with different types of support such as:
- Recommendations for PR approach relevant to the needs of the company
- Drafting and disseminating press releases (up to 3 a year)
- Pitching company related stories to media as appropriate
- Crisis communications, if necessary
- Increasing publicity and awareness in the community such as through profiling your company in posters to be displayed around NUS, photo-shoot on company founders and/or products, articles on company’s achievements in NUS Enterprise newsletters, website and other relevant channels
Establishing a good business network is an important aspect of growing your company. As an incubatee with NUS Enterprise, you’ll have plenty of opportunities to do so through our many networking-centric activities and events. Industry experts, angel investors, venture capitalists and mentors often drop in during these occasions, presenting you with a golden opportunity to open doors and take your start-up to the next level.
Concurrently, when you incubate with us, you get to mingle, interact and learn from the experiences of fellowstart-ups in the NUS Enterprise ecosystem. Here within our community, sharing of resources is something that we advocate. If you need help, all you have to do is ask.
To find out what we have in store and start building your network, check out our events.
As a start-up, venturing overseas and setting up shop in a vast market may seem like a tall order. But with the right partner to help you along the way, the experience will be less daunting. We’ll help you gain valuable insights and benefit from the entire experience of establishing your business.
Exploring Overseas
Start-ups exploring overseas may tap on the Start-Ups Go Global programme, which provides start-ups with a grant of up to S$15,000 each to access international markets, meet potential clients or partners, and attend industry events to gain exposure for their products and services. Find out more here
Overseas LaunchPads
At NUS Enterprise, our network of local and overseas partners has enabled us to set up business hubs in markets like China, US and ASEAN to help start-ups gain greater access to these economies. Start-ups can also leverage our incubation services like mentoring, networking sessions, hot-desking facilities and more to kick start their expansion plans.
BLOCK71 locations provide a physical locus for expanding start-ups to access new markets while leveraging NUS Enterprise’s global network of resources and contacts. Entrepreneurs in the BLOCK71 family also enjoy comprehensive support services from NUS Enterprise including exclusive networking opportunities and assistance to integrate into the local ecosystems seamlessly. To find out more, visit www.block71.co
Contact us today
If you’re exploring the possibility of taking your business overseas, don’t hesitate to leverage our expertise and resource to make it happen.
For enquiries, click here.