SEA Founders COVID19 Care Pack

To support our founders within the SEA Founders community, we have collated a
non-exhaustive list of resources catered to specific countries from various channels.

*The listing is not to be taken as a form of endorsement or recommendations by SEA Founders. Companies and startups are reminded to carry out their due
diligence when engaging the initiatives and programmes listed below

Financial Support

Company Name of Details Website Country

Name Solution

DBS DBS Relief DBS is rolling out a range of short-term liquidity relief Link SG
Measures & measures as well as other initiatives to help businesses
Support cope. Support includes ​Principal Moratorium on Secured
Term Loans​, D​ igital Business Loan​ & ​F&B Digital Relief
Package

ESG Multiple Multiple solutions includes Temporary Bridging Loan Grants SG

solutions Programme ​(TBLP)​, Working Capital Loan ​(WCL)​, Trade
Loan ​(TL)​, L
​ oan Insurance Scheme​ & Section 13H and Loans
Fund Management Incentive

MAS COVID-19 MAS announced a $125 Million support package on 8 Link SG

Support April 2020 for the financial and FinTech sectors to deal
Package for with the immediate challenges from COVID-19 and to
Fintech position themselves strongly for the recovery and future
growth. Support includes manpower cost, operational cost
& access to business opportunities.

Startup SG Multiple Startup SG serves as a platform for local entrepreneurs to Link SG

support tap into support initiatives like funding as well as access to
a global entrepreneurial network. There are multiple
support for founders, investors & incubators/accelerators

SG Gov Job Support The Jobs Support Scheme (JSS) was announced during Link SG
Scheme the Budget 2020, and was further enhanced in the
Resilience and Solidarity Budgets. Under the JSS, the
Government will co-fund the first $4,600 of gross monthly
wages paid to each local employee for 9 months. Wage
support for the month of Apr and May 2020 will be
 topped-up to 75% for all sectors to support firms during
the ‘circuit breaker’ period

SG Gov Wage Credit In Budget 2020, it was announced that the government Link SG
Scheme co-funding ratios for wage increases in 2019 and 2020 will
be raised from the current 15% and 10%, to 20% and 15%
respectively. The qualifying gross wage ceiling will also be
raised to $5,000 for both years, up from the current
$4,000.

Minterest Financing for The S$8 million SME Help Fund provides short term and Link SG
Private startups and low cost borrowing. Minterest’s role is to facilitate the
Limited SMEs process and review the loan applications on behalf of the
SME Help Fund and disburse funds to the approved
applicants.
Razer X COVID-19 Razer collaborated with Singapore Fintech Association Link SG
SFA Support Fund (SFA) to provide fintech companies in Singapore bridge
financing, equity or equity-linked instruments ranging
from US$100,000 to US$1.5 million (S$143,000 to S$2.1
million). The final sum would depend on a fintech
company’s stage of growth and business requirements.

TH Gov Stimulus The Thai government has issued 3 stimulus package to Phase 1 TH
Package help mitigate the impact of COVID-19 on businesses Phase 2
Phase 3

NIA Financial The National Innovation Agency (NIA) in Thailand has Link TH
Package allocated a $100m baht financial package to help startups
drive innovations through this crisis.

TH Gov Tax Relief This site provided an overview of the most significant tax Link TH
Measures relief measures released by the Revenue Department of
Thailand

TH Gov New Relief This site has listed the new relief measures provided by Link TH
Measures the Thailand government to support businesses – Credit
program to promote employment, exemption on custom
duties & relief measures on electricity charges.

MY Gov Stimulus The Malaysian government has issued 3 stimulus 1st MY

Package packages – a total of US$64b, with the bulk of these 2nd
incentives aimed at SMEs. Addition
al
 BNM 6 months Bank Negara Malaysia (BNM) has ordered all banks to Link MY
Moratorium grant an automated six-months deferment for all
loans/finance repayments

Axiata COVID Axiata, together with Celcom and edotco Group have Link MY
Assistance announced the launch of RM150m cash funds to provide
Program financial assistance to MSMEs

ID Gov Stimulus The Indonsia government has issued 2 stimulus packages 1st ID
Package of financial incentives to help protect the economy. The 2nd
2nd stimulus package provides a range of fiscal and
non-fiscal incentives in addition to a special stimulus for
small and medium-sized (SMEs) businesses.

VN Gov Incentives to The Vietnam government has issued incentives Link VN

counter (US$1.16b) which include providing tax breaks, delayed
COVID-19 tax payments, and delay land-use fees for businesses to
impact dampen the economic impact

VN Gov Investment The Vietnam government has introduced a new Decree to Link VN
incentives for include SMEs for government support. This will take effect
SMEs on May 15.

VN Gov Financial The Vietnam government has issued a Resolution to help Link VN
Assistance for individuals and businesses affected by the pandemic. The
Employers & financial assistance is outlined in this site.
Employees

Techcomba Credit Relief Techcombank has unveiled its VND30 trillion (US$1.28b) Link VN
nk Package credit relief package, that includes lower interest rates and
debt rescheduling schemes.

TNB Aura Special TNB Aura would be supporting tech startups impacted by Link -
Situation Fund COVID-19 with ~US$2 million each.The fund serves to aid
companies in returning their focus to achieving their
targeted milestones.
 Virtual / Digital Support

Company Name of Details Website Country

Name Solution

IMDA SMEs Go The Unity Budget expanded this programme by Link SG

Digital implementing Industry Digital Plans across all 23 Industry
Programme Transformation Maps sectors, thereby enabling
enterprises to access pre-approved digital solutions.
Additionally, the Resilience Budget has further enhanced
this programme by providing support for more digital
solutions, from basic remote working tools, to more
advanced systems.

Capata CAPATAathom CAPTA, a human resource software provider has Link ID

e introduced a new package (CAPATA at home) which
includes an online attendance feature, leave and overtime
management system, as well as payroll and annual
income tax calculators. The suite is available to
companies of all sizes for free for a period of 6 months.

VRW Free distance A website designed by VN Remote Workforce (VRW) to Link VN

learning and provide businesses in Vietnam with free access to
remote working cutting-edge distance learning and remote working tools. It
tools will also make available manuals on setting up and
maintaining a remote office, and guidance on running a
successful online business.

Tencent Anti-COVID-19 Tencent Cloud launched an international anti-COVID-19 Link -

Service service package which will help companies, medical
Package institutions and governments worldwide. Products
launched in the first phase can be used in a wide range of
scenarios including enabling remote collaboration,
facilitating online medical consultation and helping
governments promote access to reliable information.
Tencent Cloud will also provide free credits for some cloud
service purchases to help companies and organizations in
need.

Engine Cap removal & During this COVID-19 period, Enginemailer, an integrated Link -
mailer Discounts for cloud platform, removed the daily cap on sending for free
paid plans plans and gave 50% off all paid plans for the next three
months, as part of a joint initiative with MDEC.
 Oracle COVID-19 Oracle is offering several new initiatives for companies Link -
Support during this crisis. This includes free access to online
learning content and certifications, ​Workforce Health and
Safety​ solutions, and free infrastructure cloud credits.

General Tips & Support

Company Name of Details Website Country

Name Solution

Angel COVID-19 AngelCentral, founded by Der Shing, Shao-Ning and Link SG /

Central Resources Teck Moh, has also created a COVID-19-dedicated SEA
and Packages resource page. They’ve also committed to having weekly
1-on-1 advisory sessions for startups who need
additional support and guidance.

SVCA Defences SVAC (Singapore Venture Capital & Private Equity Link SG
against Association) has consolidated a list of links that startups
COVID-19 should be aware of regarding contracts, risk mitigations,
valuation, PE and M&A.

Found8 COVID-19 Found8 has compiled a comprehensive resource Link SG

Resources package detailing latest updates from WHO, MOH
and Packages Singapore, resources for startups such as IT
communication tools and remote working etc.
Rodl & Labour Laws As the Thai government issued further regulations for Link TH
Partners in Thailand employers & employees in Thailand, Rodl & Partners has
compiled regulations and its consequences on their site.
Acclime Measures to This article listed the 4 main measures by the Bank of Link TH
support SMEs Thailand in cooperation with the Ministry of Finance in an
attempt to provide sufficient funding and liquidity to
SMEs.
NIA X Support for This article by Bangkok Post includes the financial Link TH
Depa local startups support & ongoing discussions by Thailand tech-focused
government agencies.
Mazars Business This report by Mazars addresses some of the key issues Link TH
owners’ (i.e labour, audit, accounting and law) that Thailand
decision- businesses might face to provide support in
making decision-making among business owners.
support
 MDEC Resources for The Malaysia Digital Economy Corporation (MDEC) Link MY
MY partners with 80 tech firms to launch #DigitalVsCovid to
mitigate the impact from Covid-19. It includes a
consolidated list of resources which includes productivity
in digital workspace, e-Commerces deals, business
operations digitisation and funds for startups.
MaGIC COVID-19 The Malaysian Global Innovation and Creativity Centre Link MY
Impact Relief (MaGIC) has consolidated a list of reliefs for startups
from various sectors (I.e Government, Corporate,
Startups & Social Enterprises)
MOKA Business This article provides three major business insights by Link ID
Insights & MOKA, a digital Point-of-Sale (POS) startup in Indonesia,
Strategy to namely the spending habits of the F&B industry, retailers
Aid ID SMEs and services during Ramadan; anticipation and
strategies by brands amid the COVID-19 pandemic; and
the changing behavior of consumers due to COVID-19.
Group of Vietnam To support businesses to apply work-from-home, Hung Link VN
VN Remote Dinh (founder of DesignBold) and a group of startups
Startups Workforce have set up the Vietnam Remote Workforce group on
Facebook which acts as a platform for sharing of expert
knowledge and digital products and services essential for
teleworking.
Vietcetera VN VCs & Vietcetera has gathered several industry experts (i.e Link VN
Angel Justin Nguyen from MHV, James Vuong from tekAngels,
Investors Tung Tran from VIC Partners & Dung Hoang from
Advice Genesia Ventures) to weigh in and explain the current
investor’s mindset, as well as advice on how young
businesses in Vietnam can stay afloat and come out
stronger after the pandemic
Vietnam Managing HR This article highlights some of the labour regulations in Link VN
Briefing in Vietnam Vietnam in the context of COVID-19.

Antler Fundraising Antler is providing their perspective of fundraising in Link -

amid outbreak uncertain times as well as some next steps for your next
fundraise.

SAP Application Bridge-IT is an app to help people and organisations keep Link -
about up-to-date with accurate facts on COVID-19. It will be
COVID-19 available FOC to all SAP employees and any customers
globally who have an SAP Cloud Platform Enterprise
Agreement.
Endeavor Resources to Endeavor Resource Centre provides entrepreneurs with Link -
manage a list of resources for crisis management.
through crisis
General Free remote In response to COVID-19, General Assembly has Link -
Assembly events & transitioned to having programs online.They are offering
discounts 50% off discounts for paid workshops and free
workshops & events every Friday.
TMF Government TMF Group has launched a webpage with live links to Link -
Group support relief country specific government programs with regards to
taxes.
OECD SMEs Policy The Organisation for Economic Co-operation and Link -
Report Development (OECD) has prepared a SMEs Policy
Response Report. The WPSMEE conducts analysis and
provides evidence based guidance for the design and
implementation of SME policies. It also serves as an
important repository of SME policy responses in times of
crisis.
Forbes Free Forbes has consolidated a list of free technology Link -
Technology by provided by Fintech firms during this crisis. It is
Fintech firms categorized into various functions such as accounting,
chatbots, collaboration etc.
Multiple Best practices Through this document, multiple VCs have come Link -
VCs for founders in together to pool knowledge and best practices from
wake of across the startup ecosystem on how to deal with the
COVID crisis at hand. A majority of these learnings have been
gleaned from in-depth conversations with founders
across their collective portfolio and their collective
experience.This document covers how to manage high
risk and uncertainty and how to approach worst-case
scenario planning
ITC Challenges & The International Trade Center (ITC) has dedicated a Link -
reactivating site for small businesses with regards to COVID-19. This
business blog post covers some of the challenges faced by SMEs
linkages and some suggestions to reactivate the business
linkages during these unprecedented times.
- Video Sharing A 45 mins video on how Indonesia's Ken Ratri Iswari, Link -
session Founder & CEO of Geekhunter, an IT specialist
headhunter startup, and Japan's Jun Hasegawa, Group
CEO/Founder of Omise Holdings, one of the most
successful fintech startups in Thailand, share how they
 are managing their companies during the COVID-19
pandemic and their insights on business resilience.
EPS Guidelines for The "Enterprise Productivity Solutions Platform" has Link -
businesses been set up to provide a series of practical guidelines to
enterprises for them to react effectively to the COVID-19
crisis and its consequences. This site provides different
module guidelines with examples as well as worksheets
that can be downloaded and filled by the core team of
your enterprise.

Manpower & Hiring Support

Company Name of Details Website Country

Name Solution

SEAcosys SEAriously The database at www.SEAcosystem.com helps startup Link SG

tem Awesome talents that are laid off as a result of COVID-19 match
.com People List with startups that are still hiring. 23 venture capital firms
across Southeast Asia have come together to support
the initiative.
e2i Job Security NTUC’s Job Security Council provides transition support Link SG
Council to at-risk or displaced workers with career coaching,
Resource Kit skills evaluation, access to training, job-search
assistance and job-matching services to improve their
employment prospects and match them into new jobs.
- HR Advice The Singapore government issues advice for businesses Link SG
amid the crisis. It includes visa employment permits,
renewal of work visas & support programs (i.e LOA/SHN)
for affected employers.
ID Gov Pre The Indonesia government is to provide Rp3m - Rp7m Link ID
Employment worth of training funds for each eligible individual that
card would be paid directly to the training institutions. It has
allocated Rp10 trillion this year for the program, which is
expected to provide training to about 2 million people.
Accenture People + Work Accenture has designed People + Work Connect, an Link -
Connect employer-to-employer initiative that brings together
companies laying off or furloughing people with those
companies in urgent need of workers. There is no cost
for employers to join and participate.
 Marketing & Publicity Support

Company Name of Details Website

Name Solution

OOm Digital OOm has provided their perspective on digital marketing Link SG /
Marketing communication amidst the crisis (I.e Communicating with SEA
passion, Messages to avoid, Alternatives to deliver
promises).

AdEasy #AdEasyJagaS AdEasy, a Malaysian advertising startup, has launched an Link -

ME initiative for SMEs to advertise services/products on their
webpage for free.

Facebook Small business Facebook is offering USD 100M in cash grants and ad Link -
grants credits to help during this challenging time. Funds are
available in 30 countries where Facebook operates.

Services & Consultation

Company Name of Details Website Country

Name Solution

Multiple Supportstartups Three venture capital firms – Openspace Ventures, 500 Link SEA
VCs Startups and Cocoon Capital – have launched a regional
ground-up initiative that aims to uplift the Southeast Asian
startup ecosystem by helping them boost their revenues. It
does this by collating all promotional activities offered by
startups across the region.

Amazon Web Services (AWS) is offering US$5,000 in

promotional credits to each eligible startup that registers in
the program

Simmonds Fixed Fees on Simmonds Stewart is offering a special offer of $5000 to Link SG
Stewart Seed Round help founders review, negotiate and agree their series
Legal seed term sheet and long form investment documents
Documents (subscription agreement, shareholders’ agreement, and
constitution).
 Engage People EngageRocket provides a people analytics platform that Link SG
Rocket Continuity allows companies to gauge the effectiveness of their
Package remote working systems. They are offering their services
for free until 1 June.

Shopee Shopee Seller Shopee Seller Support Package (SSSP) to help local Link SG
Support sellers and SMEs in the current environment. The
Package monetary support totalling SG$1 million (US$700k) will
(SSSP) help local offline retailers in establishing an online
presence and diversifying their revenue streams, while
also allowing existing sellers to scale their businesses. The
SSSP will also allow sellers to benefit in three ways:
lowered advertising, cashback and free shipping costs;
coins cashback and free shipping programme; and training
and support for new sellers.

MYCA Startup Support Malaysia Venture Capital & Private Equity Association Link MY
Squad (MVCA), together with several regional venture capital
firms (namely Vynn Capital, Cradle Seed Ventures, Kejora
Ventures Malaysia and RHL Ventures) are launching a
joint-initiative to provide advisory support to startups in
Malaysia in their journey to survive economic climate
damped by the COVID-19

GoGet Supporting GoGet is working to help local MY businesses to survive in Link MY

local this crisis. Interested parties can promote businesses that
businesses are still in operation. Interested parties can browse and
connect with local businesses.

[GOGETSTAYIN] - Free promo code for discounts

Precious No obligations PRecious Communications is offering a 20mins Link -

Communic 20 mins no-obligation & no-commitment consultation for strategic
ations consultation communications/PR-related matters.

Gratitude. Gratitude.VC, This initiative seeks to support and advise startups Link -
VC Covid-19 affected by the pandemic. Founders can receive free
initiative: mentoring from qualified investors or professionals for
Supporting one hour per week.
each other in
crisis

Horangi Free Horangi, a cybersecurity startup, is providing free Link -

cybersolutions cybersecurity training for 6 months.