Singapore offers a range of government grants to help SMEs grow — but which one suits your business best? In this guide, we’ll decode the most common grants, share tips for getting approved, and explain how consultants like Intelgrity can help you craft a winning application.
1. Market Readiness Assistance (MRA) Grant
What It Is:
The MRA grant supports SMEs looking to expand overseas by subsidizing up to 70% of eligible costs for market setup, identification, and promotion activities.
Who It’s For:
- SMEs new to international markets
- Companies needing support for trade fairs, market research, or legal compliance abroad
Key Benefits:
- Up to S$20,000 per new market per financial year
- Covers market set‑up (e.g., business matching, trade fairs) and marketing (e.g., websites, promotional materials)
Application Tips:
- Demonstrate clear market selection criteria and entry strategy
- Provide detailed budget breakdowns for each activity
- Align proposed activities with your long‑term export plan
2. Enterprise Development Grant (EDG)
What It Is:
The EDG helps SMEs upgrade capabilities, innovate, and transform digitally by co‑funding up to 80% of project costs.
Who It’s For:
- SMEs pursuing business transformation—process, product, or people
- Companies investing in technology adoption or organisational development
Key Benefits:
- Broad scope: covers consultancy, equipment, software, and skill training
- No limit on project value (approval based on business case strength)
Application Tips:
- Clearly articulate expected return on investment (ROI)
- Map project milestones to tangible business outcomes
- Engage accredited consultants early to strengthen your proposal
3. Productivity Solutions Grant (PSG)
What It Is:
The PSG supports SMEs in adopting pre‑approved digital solutions and equipment to enhance productivity.
Who It’s For:
- SMEs looking for off‑the‑shelf technology tools (e.g., CRM, inventory, HR systems)
- Businesses requiring no‑ or low‑customisation solutions
Key Benefits:
- Up to 80% funding for each solution
- Fast‑track approval for pre‑qualified vendors
Application Tips:
- Select solutions from the official PSG pre‑approved list
- Prepare concise business process maps to justify the purchase
- Leverage vendor quotations that clearly itemise costs
Tips for Getting Approved
-
Plan Early & Prepare Thoroughly
Start your application at least 2–3 months before your project kickoff. -
Engage Accredited Consultants
Working with specialists like Intelgrity ensures your proposal addresses all evaluation criteria. -
Align Projects with Strategic Goals
Clearly link each grant‑funded activity to measurable business objectives (e.g., revenue growth, process efficiency). -
Provide Supporting Documentation
Include financial forecasts, project plans, vendor quotations, and organizational charts to strengthen credibility.
How Intelgrity Can Help
As a boutique, hands‑on grant consultant, Intelgrity Consulting:
- Listens to Your Needs: We tailor our approach to your unique growth objectives.
- Crafts Winning Applications: Our proven templates and checklists cover every grant requirement.
- Manages Compliance & Execution: From approval to post‑grant reporting, we ensure seamless project delivery.
“Intelgrity’s expert guidance helped us secure an MRA grant in record time—transforming our operations with minimal effort.”
— SME Owner, Singapore
Conclusion & Next Steps
Choosing between MRA, EDG, and PSG doesn’t have to be daunting. By understanding each grant’s purpose, aligning projects with strategic goals, and tapping into grant‑writing expertise, your SME can confidently secure funding to scale.
Ready to get started?
Contact Intelgrity Consulting today for a complimentary grant eligibility assessment and take the first step toward unlocking government support for your growth journey.