Singapore has been dubbed the regional hub for Southeast Asia and the leading city in the fintech landscape and in several other industries as well as one of the leading startup ecosystems in the world. As small and medium enterprises (SMEs) and local startups in the country continue on the upward trajectory towards regional and global expansion, one of the main concerns for corporate growth lies in the matter of funding.

Research, innovation and enterprise constitutes the entirety of Singapore’s approach towards developing an integrated and advanced economy and society, and in supporting these SMEs and startups, grants are offered as a helping hand in funding and strategic business planning. With a myriad of grants available in 2019, which are the ones your business should be looking out for?

We gather the hottest grants in Singapore in 2019.

  1. Enterprise Development Grant

The EDG grant provides funding for almost 70% of your business venture costs, including third-party consultancy fees, operating systems and equipment, as well as costs of additional internal manpower. The business upgrade can be categorised under 3 pillars: strengthening the basis of your business such as in terms of strategic marketing planning, exploring areas to improve your business such as implementing business automation, or regional or global expansion plans.

For more information, click here.

  1. Market Readiness Assistance (MRA) Grant

In specifically supporting regional or global expansion plans, the MRA grant in Singapore aids in 70% of the costs of activities for SMEs who wish to venture overseas. Other than financial assistance, businesses will also receive support in knowledge and information in their key market interests such as search engine marketing (SEM), global e-commerce directory listings for boosting your business’ visibility, as well as web-based advertising.

For more information, click here.

  1. Productivity Solutions Grant (PSG)

When it comes to boosting the productivity of your core business activities, the PSG grant aims to provide financial support in IT solutions, equipment and business automation. It also covers certain sectors, namely retail, F&B, logistics, precision engineering, construction and landscaping industries. With the grant, businesses can seek funding for adopting business enhancement solutions such as customer management, data analytics, financial management as well as inventory tracking.

For more information, click here.

Where can I find these grants?

An EDG consultant in Singapore or an MRA grant consultant appointed by SPRING Singapore (now known as Enterprise Singapore), a government body supporting enterprise development, is highly capable of providing professional advice for businesses looking to grow their operations, either in terms of productivity, innovation or overseas business developments.

Having been in the creative industry with 10 combined years of experience, Tomorrow Group holds a strong team of highly conceptual and accomplished designers that deliver outstanding work and results for valued clients. With services ranging across the creative spectrum, such as branding and marketing strategy, Tomorrow Group also offers professional consultancy in business strategy and enabling companies to obtain grants to kickstart their business development plans.

We help businesses form effective strategies to grow their brand using great design.

We help you plan for a better Tomorrow.