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Running a business in Singapore is exciting but also expensive. Fortunately, the Singapore government has been a constant helper of locals who have been pounded with various grants to fund on digitalisation, productivity, and internationalisation. In this [year] update, we explain about the major grants to be aware and offer special expertise that can help you learn the most about them.<\/span> <\/span><\/p>\n The <\/span>Productivity Solutions Grant (PSG)<\/span><\/a> supports SMEs in adopting pre-approved IT solutions and equipment to improve productivity and automate operations.<\/span> <\/span><\/p>\n Administered by: Enterprise Singapore, in collaboration with IMDA and sector lead agencies.<\/span> <\/span><\/p>\n Funding support:<\/i> <\/strong><\/p>\n Eligibility:<\/i> <\/strong><\/p>\n What it covers:<\/i> <\/strong><\/p>\n Best for:<\/span><\/i> PSG is one of the most favorable government grants for small businesses to apply for, but also one of the most competitive. Make sure the solution you\u2019re considering is <\/span>IMDA-pre-approved<\/span><\/a>. If you plan to use ERP, break the project into eligible modular components to stay within the grant cap. Use PSG to kick-start your digital journey. Start with core modules (like inventory or finance), then scale later with other grants like EDG.<\/span> <\/span><\/p>\n Enterprise Development Grant (<\/span>EDG<\/span><\/a>) funds projects that help companies innovate, upgrade capabilities, or expand overseas. The grant covers up to 50% of eligible project costs; up to 70% if aligned with sustainability goals (Enterprise Singapore).<\/span> <\/span><\/p>\n Eligibility:<\/i> <\/strong><\/p>\n What it covers<\/i>: <\/strong><\/p>\n Core Capabilities (e.g. business strategy, HR)<\/span> <\/span><\/p>\n Innovation & Productivity (e.g. process redesign, ERP implementation)<\/span> <\/span><\/p>\n Market Access (e.g. overseas expansion)<\/span> <\/span><\/p>\n EDG is ideal for larger or longer-term digital transformation projects like ERP software implementation, <\/span>supply chain management software integration<\/span><\/a>, or sustainability reporting. However, approvals require detailed documentation, clear ROI metrics, and a credible vendor or consultant.<\/span> <\/span><\/p>\n Read more: 6 Tips To Streamline Your ERP System Implementation<\/a> <\/strong><\/p>\n Planning to go global? Market Readiness Assistance \/<\/span>MRA<\/span><\/a> is one of the top government grants for small businesses that supports SMEs with up to 70% of eligible costs, capped at S$100,000 per market. It funds market research, overseas advertising, setting up rep offices, and business matching.<\/span> <\/span><\/p>\n MRA helps SMEs take their first steps abroad by subsidising costs related to market expansion.<\/span> <\/span><\/p>\n Administered by: Enterprise Singapore<\/span> <\/span><\/p>\n Funding support:<\/i> <\/strong><\/p>\n Breakdown:<\/i> <\/strong><\/p>\n Eligibility: <\/i> <\/strong><\/p>\n What it covers: <\/i> <\/strong><\/p>\n Overseas expansion can prove to be very complicated yet many SMEs underestimate this. To provide regional operations, you will require proper digital systems, e.g., an ERP that handles many currencies and that is tax compliant. MRA itself is not going to provide funding of an ERP software, but it will provide funds to market and establish the business when you are fully ready to grow.<\/span> <\/span><\/p>\n Productivity Solutions Grant (PSG)<\/span><\/b><\/h2>\n
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\nSMEs new to digitalisation and looking to implement core systems (e.g., ERP, accounting, HR) in phases with minimal risk.<\/span> <\/span><\/p>\n Enterprise Development Grant (EDG)<\/span><\/b><\/h2>\n
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Market Readiness Assistance (MRA)<\/span><\/b><\/h2>\n
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![\"ERP](\"https:\/\/td2htech.com\/synergixtech_dev\/\/wp-content\/uploads\/2025\/01\/ERP-Customisation-for-SMEs-cta1.png\")
<\/a><\/p>\n SkillsFuture Enterprise Credit (SFEC)<\/span><\/b><\/h2>\n