Singapore SME Business Grants in 2026: Complete Guide to Government Funding

The Five Grants Every Singapore SME Should Know

Singapore runs one of the most structured SME support ecosystems in the world. Over 80,000 applications processed through the Business Grants Portal each year. The five programs that matter: EDG, PSG, MRA, Startup SG, and SFEC.

Enterprise Development Grant (EDG)

Funding: Up to 50% of qualifying project costs. Simplified track up to $30,000.

Covers: Business strategy, financial management, product development, automation, overseas expansion planning.

Eligibility: Registered in Singapore, 30% local shareholding, financially viable. Project must be new and not started.

Processing: 8–12 weeks. Applications with specific, measurable outcomes ("reduce production costs by 15%") are significantly more likely to be approved.

Key takeaway: EDG applications with quantified outcomes are approved at significantly higher rates than those with general improvement goals.

Productivity Solutions Grant (PSG)

Funding: Up to 50% for pre-approved technology solutions.

Covers: IT solutions (accounting, CRM, POS, cybersecurity), sector-specific equipment, digital marketing platforms.

Browse approved solutions on BGP, get a vendor quotation, submit. Approval: 4–8 weeks. Fastest grant to apply for.

Market Readiness Assistance (MRA)

Funding: Up to 70% of eligible costs — highest co-funding ratio.

Covers: Overseas market setup, feasibility studies, foreign certifications, trade fairs.

One application per target market. Must have 3+ years of operations or export track record.

Startup SG

Startup SG Equity: Government co-investment alongside qualifying third-party investors.

Startup SG Founder: $50,000 startup capital grant through partner incubators.

Startup SG Tech: Proof-of-concept and proof-of-value projects.

Designed for technology-oriented startups with scalable business models.

SkillsFuture Enterprise Credit (SFEC)

One-off $10,000 credit for workforce transformation. Not an application — qualifying companies are automatically notified. Covers course fees and job redesign initiatives.

How to Apply via Business Grants Portal

1. Log in with Corppass
2. Select "Get New Grant" and the relevant scheme
3. Fill in company details, project description, expected outcomes
4. Upload supporting documents (quotations, proposal, financials)
5. Submit and track via dashboard

Common Mistakes

• Starting before approval — pre-approval costs are not reimbursable
• Vague descriptions — specify what, how, and expected result
• Mismatched quotations — vendor quotes must match application scope exactly
• Ignoring co-funding — ensure you can cover your 50%+ share

See our in-depth EDG/PSG/MRA guide and Singapore SME loans guide.