Singapore's Entrepreneurial Grants: Your Guide
Delve into Singapore’s vibrant business ecosystem with our Guide to Grants for Singapore Companies. Discover a comprehensive list of government schemes, including grants, subsidies, funding, and tax deductions, designed to support and enhance your business growth.
Let us help you build your new Hub in Singapore!
Get all the information you need via WhatsApp, Webchat or Email: +65 8121 2113
Funding & Grants For Entrepreneurs
- Business Improvement Fund (BIF)
- Enterprise Development Grant (EDG)
- Enterprise Financing Scheme (EFS)
- Innovation, R&D, and Capability Development Incentives
- Market Readiness Assistance (MRA) Grant
- Startup SG Equity Programme
- Productivity Solutions Grant (PSG)
- Career Trial Programme
- SkillsFuture Enterprise Credit (SFEC)
- Advanced Digital Solutions (ADS)
- Grow Digital
- Startup SG Tech
- Double Tax Deduction for Internationalization (DTDi)
- Angel Organizations
Enterprise Development Grant (EDG)
The Enterprise Development Grant is designed to help companies in Singapore build internal capabilities in 3 main areas with their corresponding sub-areas.
Core Capabilities: These include Strategic Brand & Marketing Development, Business Strategy Development, Human Capital Development, Service Excellence, and Financial Management through 3rd party consultants.
Innovation and Productivity: These include Product Development, Process Redesign, and Automation projects.
Market Access: These include Pilot Project & Test Bedding, Overseas Marketing Presence, Mergers & Acquisitions, and Standards Adoption.
Enterprise Financing Scheme (EFS)
Productivity Solutions Grant (PSG)
The Productivity Solutions Grant (PSG) supports companies keen on adopting IT solutions and equipment to enhance business processes. PSG supports adoption of solutions that cut across industries, such as in areas of customer management, data analytics, financial management and inventory tracking.
From 1 April 2023, SMEs can receive up to 50% support from PSG.
Eligibility Criteria:
Business entity that is registered/incorporated in Singapore
At least 30% local shareholding
Company’s Group Annual Sales Turnover of not more than S$100 million, or Company’s Group Employment Size of not more than 200 workers
Purchase/lease/subscription of the Equipment or IT Solution must be used in Singapore.
Support for Taxes
Double Tax Deduction for Internationalization (DTDi)
Agency:Â Enterprise Singapore
Type:Â Subsidy
Companies with intentions to expand overseas can benefit from the Double Tax Deduction Scheme for Internationalization (DTDi).
The DTDi provides eligible companies with a 200% tax deduction on eligible expenses for international market expansion and investment development activities such as market preparation, market exploration, market promotion, and market presence.
Eligibility Criteria:
- Reside in Singapore with a primary purpose of promoting the trade of goods or provision of services.
- Businesses enjoying discretionary may also be allowed to qualify for the DTDi scheme on a case-by-case basis, subject to approval by Enterprise Singapore or Singapore Tourism Board.
- Incentivized businesses must have their global headquarters in Singapore, with the primary purpose of trading in goods or providing services, and have an intention to internationalize.
Trusted by Hub Entrepreneurs Around the World
Hub's Service
Google & Trustpilot
We keep your company running so
you can focus on your profits
Support for equity funding in Singapore
For seed or series A investments, you may refer here. This sets out most of the active VC investors in Singapore. Refer here for a map of the funding terms.
For a personalized, complimentary one-on-one advisory session, please contact the SME Centre. A business advisor will meet with you to discuss the relevant schemes and Singapore startup grants you may be eligible for.
These services are provided free of charge to all aspiring entrepreneurs and business owners in Singapore.
If you’d like to learn more about how to fund your startup, you can read our article on 6 main sources of funding for your startup in Singapore.
Do note that the information provided may be subject to changes. Please refer to the respective websites for the latest updates.
Let us help you build your new Hub in Singapore!
Get all the information you need via WhatsApp, Webchat or Email: +65 8121 2113
FAQ
Under this scheme, the government will co-invest with qualified third-party investors into eligible startups. For general tech startups, the government will need to invest 70% of the funding up to the first SGD 250,000 and a ratio of 1:1 up to the investment cap of SGD 2 million
You can get funding for your business idea in Singapore by networking with investors and venture capitalists, researching and applying to government-backed funding schemes like Startup SG Equity and Enterprise Development Grant (EDG), or exploring other options like crowdfunding and angel investors.
Here is a list of grants available to small businesses in Singapore:
- Enterprise Development Grant (EDG)
- Productivity Solutions Grant (PSG)
- Market Readiness Assistance (MRA) Grant
- Capability Development Grant (CDG)
- Tourism Development Fund
- Healthcare Productivity Fund.
Government grants in entrepreneurship are financial support provided by the government to startups and small businesses to help them grow and develop. Here are some examples of government grants in entrepreneurship available in Singapore:
- Startup SG Equity
- Enterprise Development Grant (EDG)
- Productivity Solutions Grant (PSG)
- Market Readiness Assistance (MRA) Grant
- Capability Development Grant (CDG)
- SMEs Go Digital Programme
- Innovation & Capability Voucher (ICV)
Pages you might be interested in
Offshore Company Incorporation
Offshore Company Incorporation An offshore company is a company that is incorporated in a jurisdiction other than where its main business activities or shareholders are located. Offshore companies are usually set up for various reasons, such as tax benefits, asset protection, confidentiality, flexibility, and access to foreign markets. In this article, we will explain how
Aspire
Aspire – The Future of Business Banking At Aspire, we strive to support businesses to reach new heights. Our modern banking approach is tailored to help you take care of your money in one place effortlessly, simplify daily operations, and grow faster. Why Aspire? Best Banking Experience: Our platform is aimed to make it as
FenzoDigital
Fenzo Digital: Your Partner in Digital Transformation Fenzo Digital, is a leading Singapore digital agency specializing in helping businesses transform through innovative digital strategies and solutions. With a team of seasoned experts, they’re dedicated to empowering businesses of all sizes to thrive in the digital age. Â Fenzo Digital : Services Offered Website Development: Your