MRA grant in Singapore

Market Readiness Assistance (MRA) Grant

About

Small and medium enterprises (SMEs) will receive an international boost with the Market Readiness Assistance (MRA) grant to help take your business overseas.

Eligible SMEs will receive the following support:

  • Up to 70% of eligible costs, capped at 20K per company per fiscal year that covers:
    • Maximum of two applications per fiscal year, starting 1 April and ending 31 March the following year
    • Limited to one activity (e.g. market entry, or participation in a trade fair) per application

Note: The MRA Grant support level of up to 70% will be extended until 31 Mar 2020. Click here for details

Eligibility

Companies should meet the following criteria:

  • Business entity is registered/incorporated in Singapore
  • At least 30% local shareholding
  • Group annual turnover not exceeding S$100 million per annum based on the most recent audited report, or group employment not exceeding 200 employees