Other Types of SME Grants

Don’t qualify for the EDG grant, or looking to apply for more than one grant? Find your options below:

For Startups

AgencyTypes of Grants +Grant AmountDescription of the GrantsEligibility for Each Grant
ACEStartup SG FounderThe scheme provides up to $30,000 by matching $3 to every $1 raised by the entrepreneur.To provide mentorship support and startups, capital grant for 1st time entrepreneurs with innovative business conceptsOpen to all Singaporeans/Permanent Residents who are first-time entrepreneurs. In addition.

  • Applicant(s) must hold or propose to hold at least 30% equity.

  • The company must have at least 51% of local shareholding and not be incorporated for more than six (6) months at the point of application to AMP;

  • The applicants must not have registered or incorporated any business entity;

  • The applicants must not have received any funding for the proposed business idea from another government organisation.

For SMEs

ObjectiveAgencyTypes of Grants +Grant AmountDescription of the GrantsEligibility for Each Grant
Going OverseasEnterprise SingaporeMRAUp to 70% of eligible costs, capped at 20K per company per fiscal year.SMEs to receive an international boost with MRA Grant to help take business overseasCompanies 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

Adopting New TechnologyIDAiSprintBusiness Improvements
Each SME can seek support of up to 50% of the qualifying costs, with a cap of S$10,0005 , to either purchase packaged solutions or engage consultants to develop customised solutions.

Business Transformation
Each SME can get support of up to 50% of qualifying costs for manpower-related costs, consultancy services, hardware and software. 
Help SMEs' use of technology in order to enhance SMEs' productivity and growth. It aims to increase the rate of adoption and raise SMEs’ infocomm capabilities.The basic qualifying criteria are:

  • At least 30% local shareholding

  • Group fixed assets less than S$15 million and

  • Less than 200 employees (for SMEs in the non-manufacturing sector)

Enterprise SingaporePSGWith up to 70% funding support, PSG serves as an avenue for companies to make long-term technology investments. The Productivity Solutions Grant (PSG) supports companies keen on adopting IT solutions and equipment to enhance business processesSMEs can apply for PSG if they meet the following criteria:

  • Registered and operating in Singapore

  • Purchase/lease/subscription of the IT solutions or equipment must be used in Singapore

  • Have a minimum of 30% local shareholding (for selected solutions only)

Engaging ConsultantsEnterprise SingaporeICVVoucher worth $5,000 to strengthen your core business operations through consultancy in the areas of innovation, productivity, human resources and financial management.Help SMEs grow their capabilities by providing better grants to engage consultants or implement solutions.

ICV enables the enterprises to be able to afford upgrading services in areas of Productivity, Human Resources and Financial Management
To get an ICV voucher, you need to meet the following criteria:

Your company has to be

  • Registered and operate in Singapore

  • Have a minimum of 30% local shareholding

  • Have a group annual turnover of not more than S$100 million or group employment size of not more than 200 employees

Hiring & Training PMETsWSGP-MaxWith up to 90% funding support from WSG, SMEs are only required to pay the 10% nett fee portion of the respective SME and PMET workshop course fees. support SMEs in recruiting, training, managing and retaining newly-hired PMETs (Professionals, Managers, Executives, and Technicians).SMEs must meet the following criteria:

  • Be registered or incorporated in Singapore

  • Be made up of at least 30% local shareholding

  • Have an annual sales turnover of not more than S$100 million or employment size not exceeding 200 employees

  • Offer PMET job vacancies that pay a gross monthly salary of at least S$2,500; and/or have hired a PMET within the last three months (i.e. 90 days) prior to enrolment into programme and paying a gross monthly salary of at least S$2,500