Key Government Grants & Usage Examples
- Productivity Solutions Grant (PSG): Covers up to 50% of costs for purchasing or subscribing to pre-approved IT solutions (e.g., Accounting, HR/Payroll, CRM) or specialized equipment for retail, F&B, construction, and logistics.
- Enterprise Development Grant (EDG): Supports projects designed to help companies upgrade business foundations, innovate, or grow. This includes engaging consultants for automation, developing new products, or expanding overseas.
- Market Readiness Assistance (MRA): A grant supporting up to 70% (capped at $100,000 per new market) of eligible costs, such as business development, promotions, and overseas setup, for companies looking to expand overseas.
- Startup SG Founder (SSGF): Provides mentorship and a grant of up to $50,000 to first-time entrepreneurs with innovative business concepts.
- SkillsFuture Enterprise Credit (SFEC): Helps employers invest in workforce training and transformation, offering a $10,000 credit to cover out-of-pocket expenses for qualified programs.
- Energy Efficiency Grant (EEG): Offers up to $30,000 (base) or up to $350,000 (advanced for specific sectors) for firms to adopt energy-efficient equipment.