Singapore's Grant Ecosystem

Singapore’s Grant Ecosystem: Fuel for Innovation and Expansion

Singapore is often ranked as one of the easiest places in the world todo business. But what really sets it apart is how deliberately the government invests in innovation, research, and internationalisation. At the centre of this effort is a broad ecosystem of grants, funding schemes that help companies de-risk growth, build capabilities, and take their business into new markets.

Why Grants Matter for SMEs

For small and medium-sized enterprises (SMEs), grants can be the difference between putting expansion plans on hold and moving forward with confidence. In Singapore, SMEs are defined as companies with revenues under S$100 million, fewer than 200 employees, and at least 30% local ownership.

For this group, grants reduce the financial burden of:

• Upgrading technology and systems
• Entering new industry sectors
• Testing and scaling in overseas markets

Support for Global Entrepreneurs

Singapore isn’t just helping its own companies. It has positioned itself as a launchpad for international founders. The Global Founders Programme, run by the Economic Development Board, attracts entrepreneurs to set up and scale here. Enterprise Singapore’s Startup SG Founder grant gives early-stage funding support, while A*STAR’s Collaborative Commerce Marketplace connects foreign innovators with local firms.

The message is clear: Singapore wants to be the place where global entrepreneurs plug into Asia, while also building meaningful ties with local research and commercial ecosystems.

Grants for Local Companies

For local firms, the government has made internationalisation a top priority. The Market Readiness Assistance (MRA) grant helps with the upfront cost of expanding into new markets, while the Global Innovation Alliance (GIA) connects Singaporean companies with innovation hubs worldwide.

On the domestic side, two major schemes stand out:

• Enterprise Development Grant (EDG) – supports projects to improve efficiency, sharpen strategy, or innovate.
• Productivity Solutions Grant (PSG) – subsidises the adoption of digital and productivity tools.

These programmes reflect a simple reality: building capabilities at home is just as important as scaling abroad.

Sector-Focused Support

In addition to general grants, Singapore targets support at industries it sees as vital to its future economy. That includes cybersecurity, deep tech, fintech, and sustainability in the built environment. Agencies such as MAS, CSA, NEA, and SGInnovate don’t just provide funding, they create industry ecosystems where companies can grow faster.

What This Means in Practice

Put together, Singapore’s grant ecosystem isn’t just about handing out money. It’s a carefully designed framework that aligns national priorities with business incentives. For SMEs, it lowers the risks of venturing overseas. For international founders, it reduces the cost of setting up in Asia’s most connected market.

Of course, the challenge is knowing where to start. With so many agencies, schemes, and eligibility criteria, companies often need guidance to identify the right opportunity at the right stage of growth.

Final Word

From early-stage startup grants to targeted industry schemes, Singapore has built one of the most comprehensive support systems for business anywhere in the world.

At Asia Market Entry, we’ve seen how powerful these grants can be when paired with a clear strategy. Whether you’re a local SME looking to expand abroad or a global founder setting up in Asia, the real opportunity lies in knowing how to match your strategy with the right support.

Asia Market Entry partners with FI Group and Real Inbound Consulting, firms that can help you navigate the complexities of applying for international and local grants.  Readers can ask for an introduction on our Partners Page at www.asiamarketentry.com/partners.

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