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GOVERNMENT DEVELOPMENT ASSISTANCE PROGRAMMES
TIMES BUSINESS DIRECTORY OF SINGAPORE 2020/2021
Programmes Description Reference
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Market Readiness Assistance (MRA) Grant
Small and medium enterprises (SMEs) will receive an international boost with the Market Readiness Assistance (MRA) grant to help take your business overseas.
Eligible SMEs will receive the following support:
• Up to 70% of eligible costs, capped at S$100,000 per company per new market* from 1 April
2020 to 31 March 2023 that covers:
– Overseas market promotion (capped at S$20,000)
– Overseas business development (capped at S$50,000) – Overseas market set-up (capped at S$30,000)
• Each application is limited to one activity in a single overseas market (e.g. market entry, or participation in a trade fair)
Eligibility Criteria
Companies should meet the following criteria:
• Business entity is registered/incorporated in Singapore
• New market entry criteria, i.e. target overseas country whereby the applicant has not exceeded
S$100,000 in overseas sales in each of the last three preceding years
• At least 30% local shareholding
• Group Annual Sales Turnover of not more than S$100 million; OR Company’s Group Employment
Size of not more than 200 employees
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Pact Programme
The PACT programme encourages mutually beneficial collaborations between companies. The nature of collaboration should go beyond regular business activities.
Eligibility Criteria
The following areas will also be considered:
• The Lead Enterprise should have clear capabilities above those of the other participating
companies in the project. It takes responsibility for the implementation and successful delivery of
the project.
• The Lead Enterprise should help the participating companies in a manner that is beyond its
normal commercial interests. For example, the Lead Enterprise should not be selling its product
or service to the smaller firms through the project.
• The project should include a majority of Singapore enterprises, even though foreign companies
can be involved in the collaboration.
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Startup SG Tech
The Startup SG Tech grant fast-tracks the development of proprietary technology solutions, and catalyses the growth of startups based on proprietary technology and a scalable business model.
Through Startup SG Tech, companies may receive early-stage funding for the commercialisation of proprietary technology.
Eligibility Criteria
Your solution must:
• Clearly demonstrate how science/technology is applied
• Be of a breakthrough level of innovation (i.e. distinctly different or new technology which either (i)
has the potential to disrupt an existing market; or (ii) to replace, or create, a new market/purpose/
niche.)
• Lead to or build on proprietary know-how/IP
• Be commercially viable.
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