GET UP TO S$100,000 & VENTURE YOUR BUSINESS OVERSEAS WITH THE MARKET READINESS ASSISTANCE (MRA) GRANT
We help local businesses with the market entry of their business overseas, providing funding support for several overseas market entry activities, such as market assessment, business matching activities, in-market business development activities, as well as marketing and public relations activities.
Enjoy up to 50% subsidy today!*
What support will you receive if your SME is eligible?
Up to 50% of eligible costs, capped at S$100,000 per company per new market * from 1st April 2023 to
31st March 2026.
As certified marketing consultants, we are ready to share our knowledge with you to benefit your business. We specialise in helping SMEs grow, therefore, we know how to make your business receive an international boost. With the Market Readiness Assistance (MRA) grant, let us help you take your business overseas.
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Frequently Asked Questions
Is your business eligible for the (MRA) Grant?
To qualify for the MRA grant, you need to:
Ensure that your 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
Has At least 30% local shareholding
Company's Group Annual Sales Turnover should be not more than S$100 million, OR Company's Group Employment Size should be not more than 200 employees
Employers eligible for the SkillsFuture Enterprise Credits (SFEC) can also qualify for additional subsidies under the scheme.
Things to consider before you apply
*Please note that retrospective applications will not be accepted. An application will be deemed retrospective only if any of the following events took place before the application date:
Signed an engagement letter with the third-party consultant
Made the first payment to the third-party consultant
Commenced the project with the third-party consultant
Companies must submit your applications no earlier than six months of project start date.
*Please note that the processing time for MRA is about 8 to 12 weeks from the submission of all required information. Companies are strongly encouraged to submit their applications ahead of time to account for the application outcome and/or processing duration required.
Years And Counting!