This is an initiative started in 2008 under the National Framework for Innovation and Enterprise program. Under the TIS, the NRF commits to co-invest up to 85 percent of investment (up to 500,000 SGD, or approximately 360,000 USD per company) into a Singapore based-start up. The partnering Technology Incubator is required to co-invest the remaining 15 percent of investment, as well as provide mentorship and guidance.