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
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
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
The Capability Development Grant (CDG) is a financial assistance programme that helps SMEs develop capabilities across 10 development areas, ranging from raising service standards, adopting technology to staff training and overseas expansion. The grant supports a wide-ranging of capability upgrading initiatives to help them grow the businesses locally and globally.
The grant defrays up to 70% of qualifying project costs such as consultancy, training, certification and equipment costs. You can take on large scale upgrading projects in areas like increasing productivity, process improvement, product development and market access.
To encourage more SMEs to build business capabilities, the application process for grant support of $30,000 or less has been simplified. You can look forward to simpler application forms and reduced documentation requirements for such projects.
This grant has ended. Read more about EDG above.
iSPRINT (Increase SME Productivity with Infocomm Adoption & Transformation) scheme addresses the different areas of infocomm adoption for the SMEs, making it easy and convenient for these enterprises to seek assistance to help them along their infocomm adoption journey for 1st time adopters.
This grant has ended. The grant has been streamlined into the Productivity Solutions Grant (PSG), which went live on 1st April 2018. Read more here.
ICV is a $5000 grant offered by SPRING for each specific area of Innovation, Productivity, Human Resource, Financial Management.
This grant has ended.The grant has been streamlined into the Productivity Solutions Grant (PSG), which went live on 1st April 2018. Read more here.
SMEs Go Digital was announced at Budget 2017 to help SMEs build stronger digital capabilities to seize the opportunities for growth in the digital economy. Building on the foundation of Enhanced iSPRINT, SMEs Go Digital takes on a more structured and inclusive approach towards the adoption of digital technologies by SMEs.
The grant support for pre-approved solutions under the SMEs Go Digital programme will be streamlined into the Productivity Solutions Grant (PSG), which will go live on 1st April 2018. Read more here.