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GOVERNMENT DEVELOPMENT ASSISTANCE PROGRAMMES 15
PROGRAMMES
DESCRIPTION
ADMIN AGENCY
Companies incorporated/registered in Singapore and have at least three of the below core business functions/activities operating within Singapore are eligible to enjoy iMAP support.
• Market development and planning
• Logistics and shipping management
• Research, development and design functions
• Manufacturing and other value-added activity
• Business and investment planning
• Banking, financial and treasury functions
17. Market Readiness Assistance (MRA) Grant
Companies looking to market products and services overseas can defray up to 70% of third-party costs through the MRA grant.
Companies can apply for financial assistance for pre-determined activities focused on overseas market set-ups, identification of overseas business partners and overseas market promotion.
Eligibility:
• All Singapore-based small and medium enterprises (SMEs) that have:
• Global HQ anchored in Singapore
• Annual turnover of less than S$100 million per annum based on the most
recent audited report
Funding Support:
• 70% of the eligible cost for activities listed below, capped at S$20,000 per company per fiscal year
• Maximum of two applications per fiscal year, starting on 1 April and ending on 31 March the following year
• Limited to one activity (e.g. market entry, or participation in a trade fair) per application
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18. Pact Programme
The PACT programme encourages mutually beneficial collaborations between companies. The nature of collaboration should go beyond regular business activities.
One enterprise should undertake the role of a leader (known as a “Lead Enterprise”) in driving projects to benefit the group of companies.
Support for SMEs will be capped at 70% and non-SMEs at 50% of the qualifying costs.
Eligibility:
• PACT projects should be driven by a Lead Enterprise, which is a Singapore registered company. It can be an MNC or a Singapore company.
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