A Complete Guide to Business Grants in Singapore 2026

You run a growing business in Singapore, but every time a new opportunity comes along, your budget feels like a speed bump slowing you down. Whether it’s adopting cutting-edge technology or expanding into overseas markets, many businesses run into funding issues. You can make a business grants portal to optimize your opportunities.

Various sources, including the federal government, state agencies, and private foundations, offer business grants. In Singapore, business grants are more than just a helping hand. They’re an essential tool for companies looking to innovate, grow, and stay competitive in a fast-paced market.

From technology upgrades to international expansion, these grants cover a wide range of business needs. In this article, we’ll explore everything you need to know about business grants, including their benefits, the different types available, new updates for 2026, and actionable tips to boost your chances of securing one.

Whether you’re a startup or an established business, these top 15 business grants for Singapore companies could be the key to accelerating your business growth, without adding to your debt pile. Let’s dive in!

What are Business Grants?

Business grants are a type of funding provided by government bodies or private organizations to support business growth. The best part is that these grants typically don’t require repayment, making them a great opportunity for businesses that meet specific criteria set by the granting organization.

These grants aim to help businesses grow by supporting activities like launching new projects, conducting research, or making tech investments. They’re a valuable resource for businesses that want to innovate, expand, or enhance their operations without putting financial strain on their resources.

In Singapore, business grants are crucial for encouraging entrepreneurship, embracing new technologies, and developing the workforce. For small and medium businesses, these grants offer a chance to access funding without the worry of repayment, helping them stay competitive in the market.

The government or other organizations award business grants to help businesses achieve specific goals. Companies can use these grants to:

• Help businesses grow: Grants can provide the financial support needed for expansion, such as opening new locations or increasing production capacity.
• Invest in staff training: Grants can fund employee skill development, improving workforce capabilities, and enhancing productivity.
• Cover research and development costs: Businesses can use grants to innovate and create new products or services, improving their competitiveness.
• Foster sustainability: Some grants help businesses adopt environmentally friendly practices and technologies.
• Support marketing and outreach: Grants can also fund initiatives to improve visibility, reach new customers, or enter new markets.

Who Can Apply for Business Grants Singapore?

To be eligible for a business grant in Singapore, you need to fulfill a set of general requirements that apply across the various grant schemes. For example, the company must be a Singapore-based company, as well as locally owned, active, and financially sound. Here’s more on these criteria:

• Singapore-based company: The business must be registered and physically located in Singapore. This ensures that the grants are supporting the local economy.
• Singaporean/PR ownership: Companies must have at least 30% local equity ownership, meaning Singapore citizens or permanent residents (PRs) must hold a significant portion of the company.
• Certificates Confirming Compliance with Local Regulations: Businesses must also provide certificates that show they are following local regulations. These could cover areas like safety, environmental standards, or industry-specific rules, ensuring the company is operating within legal boundaries.
• Operational status: Businesses applying for grants should be actively operating. This typically excludes dormant or non-active companies from receiving financial support.
• Financial health: Companies must be in good financial standing, with no outstanding debts or non-compliance issues with regulatory bodies like the Accounting and Corporate Regulatory Authority (ACRA) or Inland Revenue Authority of Singapore (IRAS).

These general requirements ensure that the government allocates resources to businesses that contribute to Singapore’s economy and workforce. Whether you’re looking to adopt technology or expand globally, meeting these criteria is the first step toward unlocking financial support.

Benefits of Getting Business Grants

Business grants offer great benefits that can help your business grow without financial stress. The main advantage is that grants do not require repayment and have minimal financial risk, giving you a significant boost in capital without increasing your liabilities.

By tracking the key performance indicator (KPI) related to the grant’s impact, businesses can ensure they are maximizing the value of the financial support. Here are some other benefits you get:

• Access to Capital: Grants offer funding for businesses to innovate or scale without debt, enabling them to invest in growth strategies like new technologies, market expansion, or workforce development.
• Reduced Risk: Grant funding helps businesses invest in high-risk projects, like R&D or technology upgrades, by covering part of the expenses and reducing the financial burden.
• Tax Relief and Cost Savings: Certain grants offer relief or subsidies, reducing operational costs. This helps businesses save money and reinvest it in growth or development initiatives.
• Encourages Innovation and Growth: Grants drive innovation, R&D, and technological advancements. For businesses in Singapore, these grants open growth opportunities and enhance market competitiveness.
• Increased Credibility and Market Visibility: Winning a grant boosts credibility, demonstrating to investors, partners, and customers that the government trusts the business and that the business has a solid growth plan.
• Access to Resources and Networks: Many grants offer resources like mentoring, training, and networking. These can help businesses develop skills, connect with industry leaders, and expand into new markets.
• Provide Credibility and Validation: Receiving a government grant signals that the business aligns with national goals like innovation or sustainability, boosting its reputation among stakeholders.
• Come with Additional Resources: Grants often include added resources, such as mentorship and networking opportunities, which support a business’s growth and long-term success.

Top 15 Grants for Businesses in Singapore 2026

Singapore offers up to 15 specific business grant options tailored to different needs, ranging from technology adoption to market expansion, such as CTC, EDG, PSG, OTR, EEF, and many more.

Here’s a detailed explanation of all the top 15 business grants in Singapore that we have compiled for your reference:

1. Company Training Committee (CTC)

The CTC Grant, administered by NTUC through e2i, supports businesses in workforce and enterprise transformation. According to the Employment and Employability Institute, business leaders drive this change, which is why the Government committed S$300 million to scale up NTUC CTCs from 2022 to 2028.

It helps companies implement projects that enhance productivity, redesign jobs, and improve employee career prospects, ensuring long-term business sustainability.

Provider

The grant is provided by NTUC, through its agency e2i, which works closely with businesses and unions to ensure both company and worker development.

Goals

The CTC Grant primarily aims to drive both enterprise and workforce transformation. It helps businesses boost innovation, productivity, and capabilities by redesigning processes and integrating advanced technologies.

Additionally, the grant supports workforce transformation by assisting companies in redesigning jobs, developing career plans, and increasing wages for Singaporean workers and permanent residents.

Level of Support

The grant offers up to 70% funding for qualifying project costs, covering essential areas such as equipment and software necessary for transformation initiatives.

It also includes funding for training, like OEM or software-related courses, and consultancy services that help guide companies through the transformation process efficiently.

Who Can Apply

To apply for Company Training Committee (CTC) grants in Singapore, businesses must meet several specific requirements. Here’s a brief overview of who can apply for Company Training Committee (CTC) grants:

• Unionized companies: Companies with an established partnership with the National Trades Union Congress (NTUC) and a Company Training Committee in place.
• Active in transformation initiatives: Companies must demonstrate a commitment to workforce transformation or capability building.
• Collaborative efforts: Employers, unions, and employees must work together to identify skill gaps and training needs within the company​

How to Apply

To apply for the CTC Grant:

• Form a Company Training Committee (CTC) with NTUC, involving senior management and a representative from the workforce or union.
• Develop a transformation plan aligning with the grant’s business and workforce improvement goals.
• Engage with e2i to discuss and validate the transformation plan before submission.
• You must now submit applications through the e2i Grant Portal, as the system no longer accepts submissions via email or hardcopy. Applications are open from August 2022 to July 2026.

2. Enterprise Development Grant (EDG)

The Enterprise Development Grant (EDG) helps Singaporean companies grow, innovate, and venture into overseas markets.

The EDG grant supports projects that enable businesses to upgrade, transform, or expand internationally. It focuses on three main pillars: core capabilities, innovation and productivity, and market access.

Provider

The EDG grant is administered by Enterprise Singapore, a government agency that champions enterprise development.

Goals

The EDG aims to support businesses in building internal capabilities, driving innovation, improving productivity, and exploring overseas markets.

It offers assistance in areas such as strategy development, process redesign, financial management, human resources, human capital development, product development, and market access.

Level of Support

Eligible Singaporean Small and Medium-sized Enterprises (SMEs) can receive up to 80% of grant support for qualifying project costs, including consultancy fees, software, equipment, and manpower costs. This support will be available until 31 March 2026.

Who Can Apply

To qualify for the EDG, businesses must meet the following requirements:

• Registered in Singapore with a minimum of 30% ownership by local shareholders.
• Financially viable, with the ability to start and complete the project. While there’s no specific minimum annual turnover, a turnover of SGD400,000 to SGD1 million may enhance the application.
• The proposed project must focus on one of the grant’s three key areas: enhancing core capabilities, driving innovation and productivity, or expanding access to new markets.

How to Apply

Here are the steps to apply EDG:

• Verify eligibility: Confirm that your business satisfies the necessary criteria.
• Understand project categories: Choose the project category that suits your objectives.
• Prepare documentation: Gather necessary documents, including project proposals, financial statements, and company registration details.
• Apply via the Business Grants Portal (BGP): Access the portal through your Corppass account.
• Review process: The application typically takes about 8-12 weeks for review.

3. Productivity Solutions Grant (PSG)

The Singaporean government launched the Productivity Solutions Grant (PSG) to help businesses enhance productivity by providing funding for adopting IT solutions, equipment, and consultancy services.

The grant focuses on both sector-specific and generic solutions, such as digital marketing tools, e-commerce platforms, and automation technologies.

Provider

Enterprise Singapore administers the PSG grant in collaboration with other sector agencies. It aligns with Singapore’s Industry Transformation Maps (ITMs) and Industry Digital Plans (IDPs).

Goals

The main objective is to boost productivity and help businesses streamline operations through automation and digital solutions. This aligns with Singapore’s goal of transforming its economy by encouraging SMEs to leverage technology.

Level of Support

Since April 2023, the PSG has offered up to 50% funding support for eligible expenses, specifically covering pre-approved IT solutions and equipment. The funding is capped at SGD30,000 per business. For some sectors like food services and retail, this support may go up to 70-80%.

Who Can Apply

To qualify for the PSG, a business must:

• Be registered and operating in Singapore.
• Have at least 30% local shareholding.
• Have an annual sales turnover of under SGD100 million or employ fewer than 200 staff members.
• The purchased solutions or equipment must be used in Singapore.

How to Apply

Here are some steps you need to follow when applying for PSG:

• Select suitable solutions from the list of approved vendors.
• Obtain a quotation from the chosen vendor.
• Submit your application via the Business Grants Portal using your Corppass account.
• After approval, submit claims for reimbursement once the solution has been used for at least 30 days. The process typically takes around 6 weeks.

4. Startup SG Founder

The Startup SG Founder Grant is a government initiative aimed at helping first-time entrepreneurs in Singapore kickstart their innovative business ideas. It offers both financial assistance and mentorship to help entrepreneurs navigate the early phases of establishing their businesses.

Provider

This grant is one of Singapore’s startup grants that is administered by Enterprise Singapore (ESG), a government agency that supports enterprise development.

Goals

The main objective of the Startup SG Founder grant is to encourage and support aspiring entrepreneurs to develop innovative, high-impact startups. It helps them through mentorship and funding, allowing them to turn their business ideas into viable enterprises.

Level of Support

The grant provides up to SGD50,000 in startup capital. To receive the full amount, applicants must co-match SGD20,000 (i.e., invest SGD20,000 into their business). The support can be used for various startup costs, including product development, market validation, and business operations.

Who Can Apply

Here are the requirements your business needs to fulfill:

• Applicants must be first-time entrepreneurs with innovative business ideas.
• At least 30% of the equity should be held by the main applicants.
• The company must be based in Singapore and have been incorporated within the past six months.
• Founders must commit to working full-time on their startups and should not be employed elsewhere.
• The company must have 51% of shares held by Singapore Citizens or Permanent Residents (PRs).

How to Apply

Here’s how to apply for the Startup SG Founder program:

• Start by approaching an Accredited Mentor Partner (AMP) who will evaluate the business idea and issue a recommendation letter if they find the business viable.
• Once recommended, the startup submits its application to Enterprise Singapore along with required documents like a pitch deck, CVs, and a business profile.
• After submission, ESG reviews the application, and successful applicants receive a Letter of Offer. Following approval, startups work towards set milestones under the guidance of the AMP.

5. Startup SG Tech

The Startup SG Tech grant is a key initiative aimed at providing early-stage funding for startups looking to develop and commercialize proprietary technology solutions, such as ERP systems, and so on. It targets companies that are developing deep-tech products in sectors such as biomedical sciences, clean technology, advanced manufacturing, and more.

Provider

This grant is administered by Enterprise Singapore, with support from the Infocomm Media Development Authority (IMDA).

Goals

The primary goal of Startup SG Tech is to fast-track the development and commercialization of cutting-edge technologies, helping startups bring their products to market. It promotes innovation and scalable business models, potentially creating new markets or disrupting existing ones.

Level of Support

The Startup SG Tech grant provides funding support up to SGD500,000 for Proof-of-Concept (POC) projects and up to SGD1 million for Proof-of-Value (POV) projects. This grant is designed to help businesses develop proprietary technology solutions with strong technical or intellectual property content.

The grant covers up to 70% of qualifying costs, including product development, intellectual property, and prototyping and testing.

Who Can Apply

• The company must have been registered in Singapore within the last 10 years.
• At least 30% local shareholding.
• The company’s group annual sales turnover should not exceed SGD100 million.
• The startup should be working on proprietary technologies, with core R&D conducted in Singapore.

How to Apply

Startups can apply through the Business Grants Portal. The application process includes:

• Submit a detailed project proposal.
• A two-stage evaluation: Proof of Concept and Proof of Value, depending on the maturity of the technology.
• The timeline for processing the application can take a few months, as each application is reviewed based on its technological merit and commercialization potential.

6. Startup SG Accelerator

The Startup SG Accelerator is a government-backed initiative designed to strengthen Singapore’s startup ecosystem. It provides essential funding and support to incubators, accelerators, and venture builders that nurture high-potential startups.

By backing these enablers, the program helps startups gain access to mentorship, networks, and the tools they need to scale their businesses both locally and globally.

Provider

This grant is managed by Enterprise Singapore, a government agency responsible for fostering the growth and development of Singaporean enterprises.

Goals

The Startup SG Accelerator grant aims to empower startup enablers by supporting the creation of programs that strengthen Singapore’s entrepreneurial ecosystem.

These initiatives are designed to provide startups with crucial access to financing, markets, and talent, while also offering entrepreneurship training, management guidance, and mentorship to accelerate their growth, all while integrating Business Process Management (BPM) practices to streamline operations and enhance efficiency.

Level of Support

The grant’s level of support varies based on the needs and operational scale of the accelerator. Generally, the government offers co-funding of up to 70% of qualifying costs, with a cap based on the accelerator’s scope and the impact of their program.

Key aspects covered by the grant include operational costs, program development, and facilities (workspace or physical infrastructure).

Who Can Apply

Eligible applicants must be:

• Singapore-based incubators, accelerators, or venture builders
• Entities with a strong track record of nurturing startups, demonstrated by successful startup portfolios
• Programs that provide value propositions, such as market access, financing opportunities, and mentorship.

How to Apply

The application process involves:

• Eligibility assessment: Ensure your incubator or accelerator meets the criteria for the program.
• Business plan preparation: Submit a detailed plan covering your program structure, sector focus, and performance metrics.
• Application submission: Applications are submitted through the official EnterpriseSG portal.
• Review process: EnterpriseSG reviews the application and may request further information. The outcome is typically provided within five working days.

7. Grow Digital

The Grow Digital initiative is part of the SMEs Go Digital program, developed by the Infocomm Media Development Authority (IMDA) and Enterprise Singapore (ESG).

This grant is allowing Singaporean small and medium enterprises (SMEs) to reach both Business-to-Business (B2B) and Business-to-Consumer (B2C) markets overseas without needing a physical presence.

This aligns closely with ERP implementation, as an effective ERP system can streamline business processes, enhance global reach, and manage operations remotely, providing the necessary infrastructure for SMEs to succeed in international markets.

Provider

The grant is jointly provided by IMDA and Enterprise Singapore (ESG) under the SMEs Go Digital program.

Goals

The Grow Digital grant is designed to support SMEs in expanding their international market presence by leveraging digital tools. It aims to help businesses increase their global reach through digital platforms, boost overseas sales via e-commerce, and build a strong online presence to overcome the limitations of a purely physical market presence.

Level of Support

The grant offers up to 70% funding on qualifying costs, enabling businesses to access global markets with ease. Key aspects covered by the grant include digital platforms, training and consultancy, and online digital marketing.

Who Can Apply

To apply for the Grow Digital grant, businesses must:

• Be registered and operating in Singapore.
• Have at least 30% local shareholding.
• Have an annual group sales turnover of no more than SGD100 million or a group employment size not exceeding 200 employees.

How to Apply

Interested SMEs can follow these steps to apply for the Grow Digital grant:

• Prepare the application: Gather the required documents, including company registration details and business plans.
• Engage with digital platform providers: Contact providers like Innovative Hub or other authorized partners to facilitate the setup.
• Apply: Applications can be made via the official grant portal on the IMDA or ESG websites.
• Review and approval: The approval timeline may vary, so businesses are advised to plan and stay in touch with the grant facilitators.

8. Operations and Technology Roadmap (OTR)

The OTR is a funding initiative designed to help businesses develop a strategic plan for leveraging technology to enhance operational efficiency, growth, and innovation.

It offers a structured methodology, guiding companies through workshops to identify technological solutions that align with their market and business drivers.

Provider

The OTR program is administered by the Agency for Science, Technology, and Research (A*STAR), in collaboration with other partners like the Employment and Employability Institute (e2i).

Goals

The primary goals of the OTR grants are to support companies in identifying technology gaps and planning future technology adoption that will enhance their operational efficiency and competitiveness.

These grants encourage companies to develop a clear roadmap for adopting innovations like automation, data analytics, and advanced manufacturing technologies. By doing so, businesses can improve productivity, reduce costs, and stay ahead in a rapidly evolving market

Level of Support

The grant provides funding support of up to SGD30,000, covering up to 50% of qualifying costs for eligible businesses. This support can be used to engage consultants who develop customized operation and technology roadmaps.

Who Can Apply

To be eligible for this business grant, your business must:

• Be registered and operating in Singapore, with at least 30% of their ownership held by local shareholders.
• Have an annual sales turnover of no more than SGD 100 million or a workforce of no more than 200 employees, in the case of SMEs.
• Activities covered by the roadmap must primarily be conducted in Singapore.
• Tourism companies registered in Singapore are also eligible, and those with Company Training Committees can receive full subsidies from NTUC.

How to Apply

• Identify your operational challenges and technology needs.
• Work with certified consultants to develop a customized roadmap.
• Submit your application via the Business Grants Portal (BGP), including necessary documents such as quotations, business registration details, and project proposals.
• The application will be reviewed by the relevant government agency, and upon approval, businesses can proceed with engaging consultants.

9. Energy Efficiency Fund (EEF)

The Energy Efficiency Fund (EEF) is designed to support businesses in adopting energy-efficient technologies to reduce their environmental impact. It’s particularly targeted at companies in energy-intensive sectors, helping them cut costs and contribute to Singapore’s sustainability goals under the Singapore Green Plan 2030.

Provider

The National Environment Agency (NEA) manages the EEF as part of Singapore’s broader efforts to enhance sustainability across industries.

Goals

The main goal of the EEF is to encourage energy-efficient technology adoption in industrial sectors, thus improving energy efficiency and reducing the carbon footprint of businesses. This aligns with the government’s plan to meet carbon reduction targets under the Singapore Green Plan 2030.

Level of Support

The EEF covers up to 70% of qualifying costs for SMEs and 30% for non-SMEs. Supported expenses include investments in energy-efficient equipment and technology, particularly those pre-approved by the government.

For advanced equipment with significant energy savings potential, companies can receive up to $350,000 in funding.

Who Can Apply

To qualify for the EEF, companies must:

• Be registered and operating in Singapore.
• Have a minimum of 30% local shareholding.
• For SMEs, the company should not exceed SGD100 million in annual sales turnover or 200 employees.

How to Apply

The application process is straightforward. Here’s the detail:

• Businesses can apply through the Business Grants Portal (BGP).
• Provide details on the energy-efficient technology or equipment you plan to adopt.
• The timeline may differ based on the project’s complexity, but submitting early is advisable due to the high demand.

10. Financial Sector Technology and Innovation (FSTI) Grant

The Financial Sector Technology and Innovation (FSTI) scheme is an initiative that supports technological advancements and promotes innovative solutions within Singapore’s financial services industry.

In its third iteration, FSTI 3.0 continues to push the boundaries by encouraging the use of advanced technologies, including Web 3.0, Artificial Intelligence, Data Analytics (AIDA), and Regulation Technology (RegTech).

Provider

This grant is managed by the Monetary Authority of Singapore (MAS), with its funding sourced from the Financial Sector Development Fund (FSDF). Effective grant compliance management ensures that the grant adheres to regulatory requirements and supports its intended purpose.

Goals

The FSTI scheme’s primary goals include supporting the R&D of advanced technologies, improving cybersecurity, and fostering digital infrastructure development to enhance the sector’s efficiency and competitiveness.

Level of Support

FSTI provides up to 50% of qualifying expenses. For example, the Centre of Excellence track offers up to SGD2 million per project for costs such as manpower and rental expenses.

The Innovation Acceleration track funds real-world applications and the commercialization of technologies like Web 3.0. The ESG FinTech track offers up to SGD500,000 per project, covering data, reporting, and analytics related to ESG needs.

Who Can Apply

Businesses eligible for the grant include:

• Financial institutions and fintech companies based in Singapore.
• Firms engaged in technological development or the implementation of innovative financial products.
• Companies participating in initiatives that support fintech talent development.

How to Apply

Here’s how to apply for the FSTI scheme:

• Draft your proposal: Develop a concise proposal focusing on the innovation, objectives, and project budget.
• Submit online: Apply via the MAS website or Business Grants Portal with the required documents.
• Engage with MAS: Respond to queries during the review process for clarity.
• Receive approval: Once approved, funds are disbursed based on project milestones.

Timelines vary based on the project’s complexity, but it generally takes several months from application submission to grant disbursement​

11. Artificial Intelligence and Data Analytics (AIDA) Grant

The Artificial Intelligence and Data Analytics (AIDA) Grant is part of Singapore’s initiative to encourage the adoption of AI and data analytics within the financial sector. The grant supports financial institutions in leveraging AI-driven technologies to improve decision-making and strategy formulation.

It is structured to help these institutions implement AI solutions that enhance business outcomes and facilitate workforce training and reskilling.

Provider

The AIDA Grant is provided by the Monetary Authority of Singapore (MAS), under the Financial Sector Technology and Innovation (FSTI) scheme.

Goals

The AIDA grants aim to support businesses in adopting AI and data analytics to boost operational efficiency. Key goals include driving the use of AI for automation, improving data-driven decision-making, and enhancing productivity. These grants help companies stay competitive by leveraging advanced technology solutions.

Level of Support

The Artificial Intelligence and Data Analytics (AIDA) grants offer up to 70% funding of qualifying costs for projects that focus on developing and deploying AI and data analytics solutions. The support covers several key aspects, which are AI and data analytics tools, consultancy and advisory services, and training.

Who Can Apply

The grant is open to:

• Singapore-based Financial Institutions (FI) or Industry Consortia that plan to adopt AI and data analytics technologies.
• Businesses that can demonstrate how AI will enhance decision-making and generate richer insights.
• Businesses that provide a plan for upskilling or reskilling staff impacted by the AI project.

How to Apply

• Prepare a project proposal detailing the AI techniques to be used and the expected outcomes.
• Submit the completed application form at least 3 months before the project start date.
• If successful, provide regular project status reports and workforce Key Performance Indicators (KPI) to MAS.

12. Business Improvement Fund (BIF)

The Business Improvement Fund (BIF) seeks to promote technology innovation, the adoption of new tools, and the revamping of business models and processes, specifically within the tourism industry. This grant is designed to enhance productivity and competitiveness for tourism-related businesses in Singapore.

Provider

This business grant is provided by the Singapore Tourism Board (STB).

Goals

The Business Improvement Fund (BIF) aims to boost productivity and promote innovation in Singapore’s tourism industry. It helps businesses adopt technology, redesign processes, and transform business models to enhance efficiency and adapt to market changes, ensuring competitiveness and long-term sustainability.

Level of Support

The level of support offered under BIF can be up to 70% of qualifying costs for small and medium enterprises (SMEs) and up to 50% for non-SMEs. Some key aspects covered by the BIF include process redesign, technology adoption, and business model transformation.

Who Can Apply

To be eligible for the BIF, applicants must be:

• Businesses or companies registered in Singapore that are undertaking projects specifically focused on tourism.
• Tourism companies involved in capability development initiatives
• Technology companies create innovative products and services for the tourism sector.

How to Apply

• Declare if you are an SME or non-SME and submit an executive summary of the proposed project to STB_Incentives@stb.gov.sg.
• An STB officer will assess your project and advise on its eligibility for BIF support.
• Prepare a detailed project proposal using the downloadable template from STB.
• Collect relevant quotations for cost items.
• Log in to the Business Grants Portal (BGP) using your CorpPass to apply.

13. Enterprise Financing Scheme (EFS)

The Enterprise Financing Scheme (EFS) is an umbrella scheme covering various loan types, such as working capital loans, fixed asset loans, trade loans, venture debt, project loans, and more. It aims to provide businesses with access to financing at different stages of development, from daily operations to large expansion efforts.

Provider

This scheme is provided by Enterprise Singapore in partnership with several Participating Financial Institutions (PFIs) like DBS, OCBC, and Maybank.

Goals

The Enterprise Financing Scheme (EFS) helps Singapore businesses access financing for working capital, expansion, and asset acquisition. Its goals are to enhance financial resilience, support international growth, and encourage sustainable practices. By sharing risk with financial institutions, it improves loan access for businesses, especially SMEs.

Level of Support

The Enterprise Financing Scheme (EFS) offers support for various financing needs, providing up to 70% government risk-sharing with participating financial institutions. The scheme is designed to help businesses, especially SMEs, secure loans for different purposes, such as working capital loans, trade loans, asset financing, and green loans.

Who Can Apply

To be eligible for the EFS, businesses need to satisfy the following requirements:

• Be registered and physically present in Singapore.
• Have at least 30% local shareholding by Singaporeans or Permanent Residents.
• SMEs are defined as businesses with group revenue of up to SGD100 million or up to 200 employees.

How to Apply

• Applications are made directly to the PFIs, which will assess the business’s financial standing.
• Businesses can apply for multiple loans across different financial institutions as needed.
• The timeline for loan approval can vary depending on the financial institution.

14. Market Readiness Assistance (MRA) Grant

The Market Readiness Assistance (MRA) Grant is a financial support initiative designed to help Singaporean businesses expand into international markets by covering key overseas business activities such as market promotion, business development, and market setup.

Provider

The MRA Grant is provided by Enterprise Singapore, a government agency focused on growing and internationalizing Singaporean enterprises.

Goals

The MRA grant helps Singaporean SMEs expand into international markets by reducing financial risks. Its goals include supporting market entry, business development, and promotional activities, enabling companies to establish a presence and grow globally with less financial burden.

Level of Support

The MRA grant offers support of up to 70% of qualifying costs, capped at SGD100,000 per company per new market. This grant is designed to help SMEs in Singapore expand into international markets by covering key expenses in areas such as overseas market setup, business development, and market promotion.

Who Can Apply

For a company to qualify for the MRA Grant, it must meet the following criteria:

• Be registered and operating in Singapore.
• Ensure that at least 30% of the company’s equity is held by Singapore citizens or Permanent Residents.
• Be new to the target overseas market, meaning the company’s annual sales in that market must not exceed SGD100,000 in any of the past three years or employ fewer than 200 people.

How to Apply

• Ensure eligibility, then select the overseas market you want to expand into.
• Determine which activities to apply for, such as market promotion, business development, or market setup.
• Prepare required documents such as financial statements, quotations from vendors, and detailed project proposals.
• Submit your application through the Business Grants Portal using your Corppass account. The application processing time is typically 8-12 weeks.
• If your application is successful, you will receive a Letter of Offer outlining the grant amount awarded, along with the associated terms and conditions.
• Complete the project and submit claims for eligible expenses with the necessary audit reports.

15. SkillsFuture Enterprise Credit (SFEC)

The SkillsFuture Enterprise Credit (SFEC) is a grant designed to encourage employers in Singapore to invest in business transformation and workforce training. The SFEC aims to support both enterprise development and workforce upskilling, helping companies adapt to evolving market needs and technology.

Provider

The SFEC is administered by SkillsFuture Singapore (SSG) in collaboration with Enterprise Singapore (ESG), as part of the government’s efforts to upskill the local workforce and transform businesses.

Goals

The SFEC’s goals include supporting companies in adopting productivity-enhancing technologies and digital solutions while also promoting the upskilling of employees. By fostering both enterprise and workforce improvements, SFEC helps businesses stay competitive and resilient in a rapidly changing market.

Level of Support

The SFEC grant provides a one-off credit of up to SGD10,000, covering up to 90% of eligible costs. This funding supports two main areas, which are enterprise transformation (up to SGD7,000) and workforce transformation (at least SGD3,000).

Who Can Apply

To qualify for the SFEC, businesses must satisfy the following criteria:

• Maintain employment of at least three Singaporean citizens or Permanent Residents each month throughout the qualifying period.
• Have contributed at least SGD750 to the Skills Development Levy (SDL).
• Not be in default on SDL payments.
• Keep your business in good standing with the Accounting and Corporate Regulatory Authority (ACRA).
• Eligibility is evaluated automatically, and companies will receive a notification via email.

How to Apply

You do not need to apply for the SFEC. If your company qualifies, the S$10,000 credit will automatically be applied to eligible programs.

Businesses can use the credit for initiatives like the Productivity Solutions Grant (PSG) or the Enterprise Development Grant (EDG) by logging into the Business Grants Portal. The credit must be utilized by 30 June 2025.

To make it easier for you, we have summarized the information in the table below:

Scheme Name	Agency	Type	Level of Support
Company Training Committee (CTC)	National Trades Union Congress (NTUC)	Workforce  Development	Up to 70% co-funding
Enterprise Development Grant (EDG)	Enterprise Singapore	Business Growth and Transformation	Up to 80% of the grant supports
Productivity Solutions Grant (PSG)	Enterprise Singapore	Technology Adoption	Up to 50% of costs (70-80% for some sectors)
Startup SG Founder	Enterprise Singapore	Startup Support	Up to SGD50,000 in startup capital
Startup SG Tech	Enterprise Singapore	Startup Tech Innovation	Up to SGD500,000 for POC projects and SGD1 million for POV projects
Startup SG Accelerator	Enterprise Singapore	Startup Accelerator Support	Variable based on the accelerator
Grow Digital	IMDA and Enterprise Singapore	Digital Transformation	Up to 70% of qualifying costs
Operations and Technology Roadmap (OTR)	A*STAR	Technology Planning	Customized based on the roadmap, up to SGD30,000
Energy Efficiency Fund (EEF)	National Environment Agency (NEA)	Energy Efficiency	Up to 70% of qualifying costs (30% for non-SMEs)
Financial Sector Technology and Innovation (FSTI)	Monetary Authority of Singapore (MAS)	Financial Sector Innovation	Up to 50% of qualifying expenses
Artificial Intelligence and Data Analytics (AIDA) Grant	Monetary Authority of Singapore (MAS)	AI and Data Innovation	​​Up to 70% of qualifying costs
Business Improvement Fund (BIF)	Singapore Tourism Board (STB)	Business Improvement	Up to 70% of costs
Enterprise Financing Scheme (EFS)	Enterprise Singapore	Business Financing	Variable loan amounts with up to 70% government risk-sharing
Market Readiness Assistance (MRA) Grant	Enterprise Singapore	International Expansion	Up to 70% of eligible costs
SkillsFuture Enterprise Credit (SFEC)	SkillsFuture Singapore (SSG)	Workforce and Enterprise Transformation	One-off SGD10,000 credit (up to 90% of costs)

Challenges Business Grants for Singapore Companies

The implementation of business grants is a solution for every business, especially for those of you who are constrained by costs and need many business opportunities. However, business grants, although attractive, have conditions that must be met.

Behind the promise of funding are a series of applications, compliance rules, and strict requirements. Here are the challenges of business grants:

• Finding the Correct and Best Grant: Choosing the right grant can be tricky with so many options available. To make the process easier, businesses should consult experts or use online tools to match their needs with the best grant opportunities.
• Intense Competition: Grants are highly competitive, making it harder for smaller businesses to secure funding. To stand out, focus on submitting a strong application that highlights your business’s potential for growth and innovation.
• Complex Application Process: The application process can be complex, involving lots of paperwork. Businesses can simplify this by seeking help from specialists or using online resources to guide them through the steps and stay organized.
• Strict Eligibility Criteria: Grants often have strict eligibility requirements that can exclude some businesses. To avoid wasting time, make sure to thoroughly check the grant’s criteria before applying and ensure your business meets the conditions.
• Delayed Disbursement: Grant funds can be delayed, impacting project timelines. To handle this, businesses should plan their finances carefully, ensuring they have enough working capital to cover costs until the grant arrives.
• Ongoing Reporting Requirements: After receiving a grant, businesses must provide regular progress reports. Setting up a simple tracking system can help keep things organized, making it easier to meet reporting requirements without stress.

Navigating business grants can be challenging, but with the right tools, like ScaleOcean ERP, businesses can streamline processes, meet compliance requirements, and stay organized. ScaleOcean ERP simplifies tracking, reporting, and managing grants efficiently.

How does the Business Grants Portal Work?

To apply for a grant on the BGP Business Grant Portal in Singapore, you’ll need to follow a structured process designed to ensure eligibility and streamline your application. By understanding the requirements and steps involved, you can increase your chances of securing the necessary financial support for your business.

Here are the key steps to make business grants work:

1. Determine the Most Suitable Grant for Your Business Needs

The first step in using the Business Grants Portal is figuring out which grant is the best fit for your business goals. You’ll want to take time to review the eligibility criteria and objectives of each grant to ensure it aligns with your needs.

By focusing on grants that directly match your business objectives, you’ll save time and effort. This targeted approach also increases your chances of getting approved, as your business will meet the specific requirements set by the grant.

2. Establish Your Corpass Account

To get started with the Business Grants Portal, you need to create a Corpass account. This account is crucial for accessing digital government services in Singapore and managing your grant applications in a secure way. You’ll also need to verify your business.

Having a verified Corpass account helps ensure that you can securely access all the services available for businesses in Singapore. It acts as your gateway to managing grants and applications while keeping your business data safe and protected.

3. Complete Your Company Profile

Once your Corpass account is ready, it’s time to complete your company profile. Make sure to provide accurate, up-to-date information about your business. A well-done profile is essential for confirming your eligibility and speeding up the approval process.

Keeping your company profile current makes the entire application process much smoother. With the right details about your business size, industry, and financial status, you can ensure that the grant authorities have everything they need to process your application.

4. Submit Your Application

After choosing the right grant and completing your company profile, you can submit your application through the portal. Be sure to include all required documents and carefully follow the submission guidelines to avoid any delays or rejections.

Submitting a complete application is crucial for success. Double-check that all forms are filled out correctly and all supporting documents are included to make sure your application is clear and meets the portal’s requirements.

5. Monitor the Status of Your Application

Once your application is submitted, you can easily track its status through the portal. The system will keep you informed about any updates or requests for additional information so you always know where things stand and what to do next.

Keeping an eye on your application’s progress is important. Regularly check the portal for any updates or requests for more documents, and be quick to respond to keep everything moving smoothly.

6. Accept Your Offer Letter

If you’re successful, you’ll receive an offer letter through the portal. Take the time to carefully review the terms and conditions before accepting the offer. This ensures you understand the grant’s requirements and any commitments you’re making.

Once you’ve reviewed and are happy with the offer, you can accept the grant. Make sure to keep a copy of the accepted offer for your records, as this will be your official agreement with the grant provider.

7. Submit Your Claim

After receiving the grant, it’s time to submit your claim according to the instructions provided. This process involves submitting all necessary documentation to access the funds and use them for the project or business need specified in your application.

Submitting your claim correctly is key to receiving your grant funds without delays. Follow all the provided guidelines and submit any required documentation to process your claim quickly and efficiently.

Updated Rules of Business Grants Singapore 2026

According to Government SG, Singapore’s Budget 2025, presented by PM Lawrence Wong on 18 Feb, introduces key changes to business grants, focusing on growth, cost relief, and transformation. These updates are reflected in the revised Business Grants Singapore Regulations for 2026. Here’s a breakdown of the key updates:

1. Corporate Income Tax (CIT) Rebate

A key update in 2026 is the introduction of a 50% Corporate Income Tax (CIT) rebate, with a cap of SGD40,000. This change helps companies reduce their tax burden, making it easier for them to manage operational costs.

To benefit from the CIT rebate, companies must employ at least one local staff member. This ensures that businesses receive a minimum rebate of SGD2,000, providing financial relief while supporting local employment. The rebate will be automatically applied when filing tax returns for YA 2026.

2. SkillsFuture Enterprise Credit (SFEC) Extension

The SkillsFuture Enterprise Credit (SFEC) extended until the second half of 2026, giving businesses more time to leverage the SGD10,000 credit. This credit can cover up to 90% of expenses related to enterprise transformation and workforce development.

This extension gives businesses an additional year to utilize the credit for skills upgrading programs, making it an ideal time for companies to enhance their workforce’s capabilities. If you haven’t fully used your SFEC credit, it’s a great opportunity to do so before the deadline.

3. Enterprise Financing Scheme (EFS) Enhancements

The Enterprise Financing Scheme (EFS) has received notable enhancements, including an increased maximum loan amount for working capital, now raised from SGD300,000 to SGD500,000. This is especially beneficial for small and medium-sized enterprises (SMEs) seeking better financing options.

These changes make it easier for SMEs to access the funds they need for operational and growth activities. With a higher loan quantum, businesses can now secure more capital to manage day-to-day operations or invest in their expansion without the same constraints as before.

4. Green Grants and Sustainability Push

With the expansion of the Enterprise Financing Scheme – Green, businesses adopting green technologies will receive continued support until 2026. This aligns with Singapore’s Green Plan 2030, aiming to help companies lower their carbon footprint while generating economic value.

These changes reflect Singapore’s commitment to driving innovation, reducing operational costs, and supporting businesses in their journey toward sustainable growth. Make sure to check your eligibility and take advantage of these updated grants!

Can You Apply for Multiple Business Grants Singapore?

Yes, businesses in Singapore can apply for multiple business grants as long as they meet each grant’s eligibility criteria. The grant ecosystem allows companies to receive support across different areas, such as productivity, innovation, and workforce development, by being flexible.

For example, a business may use the Productivity Solutions Grant to improve operational efficiency through automation, while also applying for the Enterprise Development Grant to support broader transformation initiatives like process optimization or market expansion.

However, each grant must cover a different scope and cost item. Businesses cannot use two grants for the same expense, but they can combine grants strategically, such as using SkillsFuture Enterprise Credit for training costs and PSG for equipment investments.

How to Raise Your Chance of Getting Business Grants in Singapore

Obtaining a business grant in Singapore can significantly reduce costs and accelerate growth, but the competition is fierce. Understanding the right strategies can increase your chances of winning a grant. Here are some effective strategies to increase your chances of winning a business grant:

1. Understand the Grant Requirements

Each grant has specific eligibility criteria and objectives. Before applying, make sure your business aligns with the goals of the grant.

For instance, the Productivity Solutions Grant (PSG) focuses on technology adoption, so your project should demonstrate how it will improve productivity. A mismatch between your project and the grant’s focus can lead to rejection.

2. Prepare a Detailed and Realistic Proposal

You must submit a comprehensive proposal outlining how you will use the funding. Clearly define your project’s objectives, timeline, and measurable outcomes.

Ensure your budget is realistic and covers all necessary expenses. A well-structured, detailed plan shows you’ve thought through the entire process.

3. Leverage Multiple Grants

Many businesses don’t realize they can apply for multiple grants, as long as they don’t use them for the same expenses.

For example, you could apply for the Enterprise Development Grant (EDG) to expand into new markets while using the SkillsFuture Enterprise Credit (SFEC) to train your workforce.

4. Maintain Strong Financials and Compliance

Most grants, like the Enterprise Financing Scheme (EFS), require businesses to be in good financial standing.

Maintain your financial records well and fully adhere to Singapore’s tax laws and regulatory standards. Any red flags, like unpaid taxes or incomplete documentation, can harm your application.

5. Engage with Grant Consultants

If you’re unsure about the process, consider engaging grant consultants. These professionals can help identify the best grants for your business, assist in preparing applications, and ensure you meet all the requirements.

By aligning your business goals with the right grants, submitting thorough proposals, and maintaining financial discipline, you can significantly boost your chances of success.

6. Take Advantage of ERP Implementation

Implementing an ERP system can be a game-changer for businesses in Singapore looking to apply for and manage business grants. By centralizing all your data and automating key processes, an ERP system helps you stay on top of financial, operational, and compliance requirements, which are essential for grant applications.

ScaleOcean ERP software is here to make your grant application process smoother. With modules designed for finance, project management, and HR, it simplifies everything from tracking expenses to generating reports, ensuring you meet the requirements of grants like PSG and EDG.

Plus, ScaleOcean ERP is fully compatible with CTC grants, helping you access financial support for employee training and development. By streamlining your operations, ScaleOcean ERP ensures your business can easily leverage these grants and drive long-term financial growth.

Conclusion

Applying for grants is more than just a smart decision, as it’s a must for businesses that want to grow and stay competitive. Securing grants helps reduce costs, improve operations, and open doors to new markets, allowing businesses to expand with confidence.

Grants like the PSG and MRA offer the financial support needed to adopt new technology or expand globally. These opportunities can provide your business with a much-needed boost. The longer you wait, the more opportunities pass you by, so why not take advantage?

With ScaleOcean ERP, you can equip your business to manage and apply for grants more effectively. It offers the transparency and scalability that grant providers look for, making your company more attractive to funding opportunities. So, try ScaleOcean’s free demo today.