Government Business Grants Advisory Services in Singapore

Unlocking Opportunities with Singapore's Business Grants

The government's commitment to fostering innovation, productivity, and global expansion is evident through a variety of SME grants. These grants fuel business growth, helping entrepreneurs adopt new technologies, enhance capabilities, and explore international markets. Whether you're looking to build core capabilities, enhance productivity, or expand your market access, Apexia Corporate Advisory can assist you in identifying the right grants and optimizing your application for success.

Common Grant Areas for Businesses in Singapore

1. Core Capabilities: Develop your business strategy, improve financial management, and enhance workforce skills.
2. Innovation & Productivity: Adopt cutting-edge technology and process innovations to boost efficiency and competitiveness.
3. Market Access: Explore global markets, promote exports, and expand your international presence.

Overview of Popular SME Grants in Singapore

Enterprise Development Grant (EDG)

• Objective: Support businesses in enhancing capabilities, adopting new technologies, and expanding into global markets.
• Focus: Core capabilities, technology adoption, and market access initiatives.
• Eligibility: Businesses must be registered in Singapore with at least 30% local equity.

Market Readiness Assistance (MRA)

• Objective: Help SMEs venture into overseas markets by facilitating international marketing, trade fairs, and market research.
• Eligibility: Available to first-time exporters with a defined sales turnover and employee criteria.

StartupSG Founder

• Objective: Assist first-time entrepreneurs with innovative ideas by providing funding and mentorship.
• Eligibility: Focuses on entrepreneurs meeting specific age, qualifications, and commitment criteria.

How to Apply for Government Business Grants in Singapore

1. Identify the Perfect Grant Fit
   Find a grant that aligns with your business objectives, whether it's strengthening core capabilities, enhancing innovation, or expanding market access.
2. Build a Strong Grant Proposal
   Prepare a clear project proposal outlining your project's scope, objectives, financial plans, and expected outcomes.
3. Confidentiality:
   Protect your privacy by keeping your home address off public records and using a secure business address for official communications.
4. Submit Your Application Electronically:
   Most applications are submitted through the Business Grants Portal (BGP). Ensure you follow the guidelines for the specific grant program you are applying for.

Eligibility Criteria for Government Grants in Singapore

Before applying for government grants, ensure you meet the key eligibility requirements, which generally include:

• Local Registration: Your business must be registered and operating in Singapore.
• Equity Ownership: At least 30% of the company's equity must be held by Singaporeans or Permanent Residents.
• Financial Readiness: Demonstrate your company's financial capacity to complete the proposed project.

Building a Winning Grant Application

Crafting a compelling application is essential to stand out in the selection process. Key elements include:

• Clear Objectives: Align your project's goals with the grant's purpose.
• Project Scope: Provide detailed information about the project activities, deliverables, and timeline.
• Cost Breakdown: Offer a transparent and detailed breakdown of project costs, including consultancy fees, technology, and manpower.

How Apexia Can Help You Navigate Singapore's Grant Landscape

While Apexia does not directly provide government grants, we work with businesses to ensure they are well-positioned to access Singapore government grants for SMEs. Our expert advisors guide you through the process of identifying the right grants, preparing compelling applications, and ensuring compliance with eligibility criteria, maximizing your chances of approval.

Get Started with Apexia Today

If you're ready to leverage Singapore's government grants to take your business to the next level, Apexia Corporate Advisory is here to help. Contact us today to learn how we can assist you in finding the right grants and guiding you through the application process.