Market Readiness Assistance Grant (MRA)
The Market Assistance Grant grant is for SMEs that are ready and willing to expand their business overseas. Overseas expansion may put a financial strain on some business owners and this grant would serve as a boost in budget planning for companies venturing overseas.
With a funding support of up to 70% of eligible costs, capped at S$20,000 per company per fiscal year that covers:
Maximum of 2 applications per fiscal year (starting 1 April and ending 31 March the following year)
Limited to 1 activity (e.g. market entry, or participation in a trade fair) per application
Registered / incorporated in Singapore
Have a minimum of 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
Applications must be submitted no earlier than 6 months of project start date. Applications filed after 10 March will be considered an application for the new fiscal year.
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Productivity Solutions Grant (PSG)
Market Readiness Assistance (MRA)