What Grants Are Available for SMEs in Singapore?

Starting a business or company could be daunting from many aspects. Support that helps to alleviate setup costs in the form of subsidy is welcomed by business owners. At Simple Account, we help you to find the most suitable government grants that your business may be eligible for and assist you with the application process.

So what are the Singapore government grants available for companies in Singapore?

 For Startups

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  • 1) Startup SG Founder: New entrepreneurs can look to Startup SG Founder for funding support, mentorship and business networks.
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2) Startup SG Tech: Startups can seek early-stage funding to fast-track commercialisation of scalable in-house solutions with Startup SG Tech.

 For Local Companies

1) Productivity Solutions Grant (PSG): For companies looking to kick-start their adoption of technology with pre-qualified IT solutions and equipment that enhances productivity.

• • 2) SkillsFuture Enterprise Credit (SFEC): For companies looking to embark on enterprise transformation and develop capabilities of employees.

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  • 3) Market Readiness Assistance (MRA) Grant: For companies looking to take their business overseas. Includes support for overseas market set-up, identification of overseas business partners and overseas market promotion.

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  • 4) Enterprise Development Grant (EDG): For companies looking for more support as they undertake deeper transformation in business upgrading, innovation and internationalisation.

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  • 5) International Co-Innovation Programmes: Companies keen to grow and internationalise can tap funding programmes for cross-border collaboration projects on technology development and co-innovation.