Singapore offers one of the most comprehensive grant ecosystems for SMEs in Asia. The challenge is knowing which scheme fits your project.
A Singapore logistics SME used the Enterprise Development Grant to fund a custom warehouse management system, covering 50% of its S$180,000 development cost. Eighteen months later, picking errors had fallen 60% and labour costs were down 22%. The grant did not just reduce the upfront investment — it funded a competitive advantage that continues to compound. The business had been eligible for two years before its owner learned the scheme existed.
The EDG is administered by Enterprise Singapore and covers a wide range of business transformation activities. Unlike more prescriptive schemes, EDG supports custom projects — you submit your own proposal rather than selecting from a pre-approved list, making it suitable for diverse business needs across sectors.
EDG covers up to 50% of eligible project costs for qualifying Singapore SMEs, across three cost categories: third-party consultancy fees, software and equipment, and internal incremental manpower costs. There is no fixed cap on the grant amount — the quantum depends on your project scope.
Projects are assessed under three pillars:
To qualify, your company must be registered and operating in Singapore, have at least 30% local equity held by Singapore citizens or permanent residents, and be financially ready to complete the project. Applications go through the Business Grants Portal at apply.gov.sg — and must be submitted before any project activity begins. Starting work before approval is the most common disqualifying mistake.
Key development for 2026: Enterprise Singapore has confirmed the launch of the EDGE (Enterprise Development and Growth for Enterprises) framework in H2 2026. EDGE will consolidate EDG, PSG, and MRA into a single application channel through the Business Grants Portal, significantly reducing administrative complexity. Until EDGE launches, all three existing grants remain fully accessible.
If your project involves adopting a pre-approved technology solution — accounting software, HR systems, e-commerce platforms, inventory management tools — the PSG is simpler and faster than EDG. Select an approved vendor from Enterprise Singapore's pre-qualified list, apply through the Business Grants Portal, and the subsidy is applied directly without a custom project proposal.
PSG covers up to 50% of qualifying costs, capped at S$30,000. Before signing any software contract in 2026, checking whether your solution appears on the PSG approved list should be your first step — not an afterthought.
For Singapore SMEs taking their first steps overseas, MRA provides up to 70% funding support (enhanced level extended to 31 March 2026), capped at S$100,000 per overseas market. Eligible activities include overseas market research, international trade fair participation, business development trips, and setting up new overseas entities. Applications must be submitted before project activities begin, and each project must be completed within 12 months.
Eligible employers receive an S$10,000 one-off credit covering up to 90% of costs for approved workforce training and enterprise transformation programmes. The credit is automatically applied through Corppass when you enrol in qualifying programmes — no separate application needed. Check your Corppass account to confirm your eligibility status.
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Disclaimer: This article is for informational purposes only and does not constitute legal, financial, or regulatory advice. Programme details, eligibility, and funding amounts change frequently. Always verify on official government websites or with a qualified advisor before acting.
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