Entrepass Criteria for Applicant

Must have a viable and innovative business idea

• Must have a proven investment track record or an IP or have research collaboration with a recognised Singaporean institution for the proposed business
• A compelling business plan to substantiate the proposed business
• Must choose the right criterion on the application form to bolster the case (refer to our ENTREPASS APPLICATION GUIDE for more information)

It is important to note that the EntrePass business plan is different from a plan which you need to present if you want to get venture funding for your business. It is a simplified version and will highlight the size, nature, objectives, and goals of the business you are planning to start. The business venture must emphasize that it can meet the requirements of employing the minimum number of local employees and a particular Total Business Spending, within a one-year period.

Additionally, the business plan must demonstrate an unmet demand in the country which is to be served by the proposed venture. A good business plan is vital in the EntrePass application process and key points must be addressed without any ambiguity in order to have higher chances of success. If writing a business plan might not be your forte as it might take a considerable amount of time, why not contact our experts to help you draft your entrepass business plan.