Similarly , as NUS Start-up Runway is also open to the public, students are able to rejoin the incubator even post-graduation. NTUitive is an open space for the public, neither do students need to become alumni in order to return to the incubator post-graduation, although access to facilities will be on a first come first serve basis. SMU’s IIE students will need to become alumni in order to continue to gain access the incubator’s facilities, although priority will be given to undergraduates in the incubator. But for this aspect, the spotlight might be on the other incubators as they do not set time limits on long term support. Platform E’s participants are given the option to stay plugged into the ecosystem 6-12 months after graduation. Up to 10 scholarships covering 50% of fees will be available. The costs for Platform E are open to scholarship subsidies. Platform E: $12,000 for the IntensE Track and $4,000 for the IncubatE Track. NUS Startup Runway is also open for the general public and there are no costs required to join the incubator. NTUitive access is free for all, and this includes mentorship, access to the Open Innovation Labs (OIL) where participants can tinker with mechanical and electronic technologies. SMEs or other non-SMU related companies have to pay a monthly rent of S$500 or successfully raise a funding of S$250, 000 first, then pay for the incubation. Taking this point into account, the only difference here would be the cost of joining. Small and medium-sized enterprises are also allowed to join the incubator, which is especially crucial as they are more susceptible to the consequences of disruption. The incubators are open for anyone to join, i.e they need not be students, alumni or faculty members etc. “We Welcome Everyone” Image Credit: NTUitiveĪll university incubators are on level playing ground on this aspect. The programme will be launched in April 2017 at the SIM Management House at Namly Avenue.Īs a newcomer to the university incubator scene, we take a look at how Platform E fares next to NUS Enterprise (NUS), NTUitive (NTU) and the Institute of Innovation and Entrepreneurship (IIE) (SMU). Here, the focus is on deep industry practices for current entrepreneurs to explore specialisation, tackle roadblocks and scale up their businesses. The IncubateE Track is a 4-month programme tailored for those with more entrepreneurship experience. On this track, they will be equipped with the knowledge on how to “ideate, start, operate and sustain a business”. Participants need not have a business idea when they join, and they will also be granted internship opportunities with both local and global partners. The IntenseE Track is a 12-month programme for amateur entrepreneurs. Platform E boasts 2 entrepreneurship tracks, the IntenseE Track and the IncubateE Track. In addition, entrepreneurs will be integrated into a co-working space with access to professional services with no dearth of opportunities to network with peers and coaches. Via a multi-pronged approach, the platform will empower entrepreneurs and nurture their business ideas. Platform E is the newest ecosystem for the entrepreneurs of Singapore. On 7 Dec, Singapore Institute of Management (SIM) announced a S$50million investment to nurture entrepreneurs and their startups.
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