Note:
The MRA Grant support level of up to 70% will be extended until 31 Mar 2023.
Due to a large number of grant applications submitted in the first quarter of 2022, you may encounter a longer processing time than usual. To check on the status of your application, you may visit the Business Grant Portal here.
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 S$100,000 per company per new market* from 1 April 2020 to 31 March 2023 that covers:
- Overseas market promotion (capped at S$20,000)
- Overseas business development (capped at S$50,000)
- Overseas market set-up (capped at S$30,000)
- Each application is limited to one activity in a single overseas market (e.g. market entry, or participation in a trade fair)
Note: There are no pre-approved vendors for the MRA grant (with the exception of Enterprise Singapore’s list of FTA consultants)
Here’s a quick checklist you may refer to in preparation for your upcoming virtual trade fairs.
Eligibility
Companies should meet the following criteria:
- Business entity is registered/incorporated in Singapore
- New market entry criteria, i.e. target overseas country whereby the applicant has not exceeded S$100,000 in overseas sales in each of the last three preceding years
- At least 30% local shareholding
- Group Annual Sales Turnover of not more than S$100 million; OR Company’s Group Employment Size of not more than 200 employees
Click here for full list of supportable activities.
Employers eligible for the SkillsFuture Enterprise Credits (SFEC) can also qualify for additional subsidies under the scheme.
Apply
Pre-application
Please note that retrospective applications will not be accepted. An application will be deemed retrospective only if any of the following events took place before the application date:
- Signed an engagement letter with the third-party consultant
- Made the first payment to the third-party consultant
- Commenced the project with the third-party consultant
Companies must submit your applications no earlier than six months of project start date.
Please note that the processing time for MRA is about 8 to 12 weeks from the submission of all required information. Companies are strongly encouraged to submit their applications ahead of time to account for the application outcome and/or processing duration required.
Note: There are no compulsory application fees required for schemes offered by ESG. Any application fees quoted by individuals/ firms offering grant application services are not endorsed by the Government.
Application
Please apply through the Business Grants Portal.