The Singapore Tech Pass (TP) is an extension of the Singapore Tech Initiative, which was launched in 2019. The initiative aims to attract leaders and technologists with extensive experience in established or rapidly growing tech companies, thereby contributing to the development of Singapore's tech ecosystem. TP holders can start businesses in Singapore, serve on the board of directors of local companies, or become senior executives of local companies, or serve as in-house mentors or consultants. TP holders can also work as lecturers in colleges and universities and hold corporate training or seminars. The applicants can choose their own business, employment, industry and position after being approved.
To be eligible for the pass, applicants must satisfy any two of the following conditions:
1) Have a last drawn fixed monthly salary (in the last 1 year) of at least S$200,000.
2) Have at least five cumulative years of experience in a leading role in a tech company with a valuation/market cap of at least US$500mil or at least US$30mil funding raised.
3) Have at least five cumulative years of experience in a leading role (i.e. made major contributions to the design, development, and/or deployment of a tech product) in the development of a tech product that has at least 100,000 monthly active users or at least US$100mil annual revenue or its equivalent in a foreign currency. Candidates or business owners with annual income in excess of S$240,000 or its equivalent in a foreign currency will also be considered.
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