Enterprise Singapore's Market Readiness Assistance (MRA) Grant allows small to medium sized enterprises to receive support in taking their business overseas.
Asia is abounding with opportunity. But overseas expansion can be hard if you don't have a deep understanding of your target market/jurisdiction. Luckily for Singaporean fintechs and SMEs, Enterprise SIngapore can support your expansion with the Market Readiness Assistance Grant.
The Market Readiness Assistance Grant, available until 31 March 2023, provides SMEs with financial support of up to 70% of eligible costs for overseas expansion, subject to satisfying certain conditions. Capped at S$100,000 per company per new market, the grant covers
- Overseas market promotion (max S$20,000)
- Overseas business development (max S$50,000)
- Overseas market set-up (max S$30,000)
If you're a Singaporean fintech or SME and have questions about the program or are seeking a vendor to partner with for grant-eligible activities, contact us today to find out how we can work together.