Currently, in the market there a few different grants that meant to assists SME businesses for their expansion digitally. Which one should you utilize?Here, we have listed down the different types of grants for you.
01: EDG (Enterprise Development Grant)
Spring Singapore’s Capability Development Grant (CDG) and International Enterprise Singapore’s Global Company Partnership (GCP) grant have been combined into the Enterprise Development Grant (EDG).
Enterprise Development Grants are administered by Enterprise Singapore (which is a merged entity of SPRING and IE Singapore). The objective is to provide holistic and cusomised support to local enterprises seeking to build deep capabilities, scale up, and internationalise.
Similar to CDG, you can get funding up to 70% if your project is approved.
For more information, please visit: https://www.enterprisesg.gov.sg/financial-assistance/grants/for-local-companies/enterprise-development-grant/apply/pre-application
02: PSG (Productivity Solutions Grant)
“The Productivity Solutions Grant (PSG) is a new initiative, coordinated by MTI’s Grants Management Office (GMO) and administered by the relevant agencies, to assist businesses in its transformation journey. Aligned to the Industry Transformation Maps (ITMs), PSG provides support for the adoption of IT solutions and equipment that have been pre-scoped by the industries’ lead agencies.” (Source: IMDA website)
eFusion Technology is offering an eCommerce or eCatalogue web design and development package (under E-Commerce – Online Shop and Marketplace category) which will be 70% claimable from Business Grant Portal as pre-approved package. Visit our PSG landing site for more details about the package: https://www.efusiontech.com/ecommerce-grants/
For further information, please refer to https://www.smeportal.sg/content/tech-depot/en/psg.html
03: Market Readiness Assistance (MRA) Grant
Get up to 70% of eligible third-party costs supported under the Market Readiness Assistance (MRA) grant. This cover activities such as:
- Overseas market set-up
- Identification of business partners
- Overseas market promotion