Singapore businesses have access to some of the world’s most generous government grant support. Three grants in particular sit at the heart of Enterprise Singapore’s assistance framework: the Enterprise Development Grant (EDG), the Productivity Solutions Grant (PSG), and the Market Readiness Assistance (MRA) grant. Each serves a different purpose, and choosing the wrong one — or missing opportunities to combine them — is a costly mistake.

This guide breaks down how each grant works, who qualifies, how much you can claim, and which is best suited to your specific situation. It also covers the upcoming EDGE grant, which will consolidate all three into a single, simplified scheme in the second half of 2026.

What Are These Grants and Why Do They Exist?

Enterprise Singapore administers these grants to help Singapore-registered businesses grow, innovate, and expand internationally. They reflect the government’s broader economic strategy of building a resilient, globally competitive business sector anchored in Singapore.

Each grant addresses a different phase or dimension of business growth. The PSG targets operational efficiency through technology adoption. The EDG funds strategic transformation and capability building. The MRA subsidises the cost of entering new overseas markets. Understanding where your project sits is the first step to picking the right scheme — and to structuring your claim for maximum approval rates.

For a broader view of Singapore’s corporate compliance obligations and annual filing deadlines, read our compliance calendar guide alongside this article.

Productivity Solutions Grant (PSG)

What It Is

The PSG helps businesses adopt pre-approved IT solutions and equipment that improve productivity. Unlike the EDG, there is no open-ended project scope — you choose from a curated list of approved vendors and solutions maintained on the Enterprise Singapore portal. This makes the PSG administratively simpler and faster to apply for.

Who Qualifies

To be eligible for the PSG, your business must be registered and operating in Singapore, have at least 30% local shareholding, and be purchasing, leasing, or subscribing to the selected IT solution or equipment for use in Singapore. The PSG is available to SMEs across most industries, with some sector-specific solutions available only to businesses in qualifying industries such as retail, food services, and logistics.

How Much You Can Claim

The PSG supports up to 50% of eligible costs for pre-approved solutions, with a maximum grant amount of S$30,000 per company. The subsidy is applied at the point of invoice — your approved vendor submits the claim on your behalf, and Enterprise Singapore disburses the grant directly. This makes cash flow management straightforward.

Best For

Businesses looking to adopt accounting software, HR systems, CRM platforms, e-commerce solutions, or other productivity tools available on the Enterprise Singapore pre-approved list. If you need a tool that is on the list, the PSG is the fastest and most straightforward route to subsidy.

Market Readiness Assistance (MRA) Grant

What It Is

The MRA grant supports Singapore-registered SMEs in entering new overseas markets. It subsidises the cost of third-party professional services — such as market research, overseas business development activities, and overseas entity set-up — that help a business expand internationally.

Who Qualifies

The MRA is restricted to SMEs: businesses with annual sales turnover of not more than S$100 million, or not more than 200 employees. Your business must be registered and operating in Singapore, with at least 30% local shareholding. Importantly, the overseas market you are entering must be a new market — one your company has not previously established a commercial presence in.

How Much You Can Claim

From 1 April 2026 to 31 March 2029, the MRA covers up to 70% of eligible third-party costs, with a total cap of S$100,000 per company per new market. This cap is divided across three pillars:

  • Overseas Market Promotion: Up to S$20,000 — covers participation in trade fairs, overseas advertising, and marketing collateral for the new market.
  • Overseas Business Development: Up to S$50,000 — covers market entry strategy, business matching services, and in-market business development consultancy.
  • Overseas Market Set-up: Up to S$30,000 — covers legal, accounting, and administrative costs of establishing a business presence in the new market.

The S$100,000 cap applies per new market. If your business is entering three new markets simultaneously, you can theoretically claim up to S$300,000 in total MRA support.

Best For

SMEs taking their first steps into a new overseas market who need help funding market research, trade shows, overseas legal costs, and business development consultancy. The MRA is not available for companies entering a market they have previously operated in, so timing your application correctly is critical.

Enterprise Development Grant (EDG)

What It Is

The EDG is Enterprise Singapore’s flagship capability-building grant, designed for businesses undertaking substantive projects that transform their business model, build core capabilities, or expand into new markets. Unlike the PSG or MRA, the EDG involves a bespoke project scope — you work with a consultant or service provider to define the project, then apply for funding based on the projected eligible costs.

EDG projects fall across three broad pillars: Core Capabilities (business planning, financial management, human capital development, service excellence, product development); Innovation and Productivity (process redesign, automation, product development); and Market Access (overseas expansion, standards adoption, and certification for new markets).

Who Qualifies

The EDG is available to all Singapore-registered businesses — not just SMEs — provided the company is at least 30% locally owned. There is no turnover or headcount cap, making this the only grant in the three that is available to larger Singapore companies as well as growth-stage SMEs.

How Much You Can Claim

The EDG funds between 50% and 70% of eligible project costs, with no funding cap. The support level depends on your company’s size and financial position. SMEs in good financial standing typically qualify for up to 70% support. Eligible costs include consultancy fees, software, equipment, and certain in-house manpower costs directly attributable to the project.

Because there is no cap, significant EDG projects — such as ERP implementations, large-scale process redesigns, or international market entry strategies involving multiple markets — can receive substantial grants. Applications require a detailed project proposal and supporting documentation, and the approval timeline is typically three to six months.

Best For

Businesses undertaking strategic transformation projects: implementing a new enterprise resource planning (ERP) system, redesigning core operational processes, building new product capabilities, or developing a multi-market overseas expansion strategy. The EDG rewards well-structured, outcome-driven projects with detailed proposals.

EDG vs PSG vs MRA: A Side-by-Side Comparison

Feature PSG MRA EDG
Purpose Adopt pre-approved IT/equipment Enter new overseas markets Strategic transformation and capability building
Eligible Costs Pre-approved solutions only Third-party overseas market entry costs Consultancy, software, equipment, manpower
Support Level Up to 50% Up to 70% Up to 70%
Grant Cap S$30,000 S$100,000 per new market No cap
SME Only? Yes Yes No (open to all)
Application Complexity Low — vendor-led Medium — requires project scope High — detailed project proposal required
Approval Time ~4–6 weeks ~6–8 weeks 3–6 months

Can You Combine Grants?

Yes — and doing so is often the smartest approach for growing businesses. The PSG, MRA, and EDG can be used by the same company for different projects simultaneously, provided each project is distinct and does not overlap in scope or costs. Enterprise Singapore monitors for double-claiming of the same costs, so careful project scoping and financial tracking is essential.

A common combination is to use the PSG to digitise internal processes (for example, implementing a cloud accounting or HR platform), the MRA to support entry into a specific export market, and the EDG to fund an overarching business transformation or internationalisation strategy project. Used together and sequenced correctly, these three grants can deliver six-figure government support for a single company within a financial year.

For businesses operating across several areas of government support, understanding how grants interact with your Singapore corporate tax position is important. Grant disbursements are generally taxable income in the year received — factor this into your planning.

The New EDGE Grant: Coming in 2H 2026

Enterprise Singapore has announced a major reform: the PSG, MRA, and EDG will be consolidated into a single, unified scheme called the EDGE grant (Enterprise Development and Growth for Enterprises), expected to launch in the second half of 2026.

The EDGE grant introduces several significant changes:

  • Single point of entry: Instead of deciding which of three grants to apply for, businesses will submit to one scheme. Enterprise Singapore will route the application internally.
  • Extended eligibility: The EDGE grant will be open to non-SMEs for the first time, at up to 50% support. SMEs will continue to qualify for up to 70%.
  • Removal of the new-market requirement: The MRA’s restriction to first-entry overseas markets will be relaxed under EDGE, enabling businesses to claim support for deepening their presence in existing markets.
  • Simplified administration: A single application portal and unified claim process is expected to reduce administrative burden significantly.

Detailed eligibility criteria and support levels for the EDGE grant have not yet been published. Businesses planning projects scheduled to begin after mid-2026 should consider whether to apply under the existing framework now or wait for the unified scheme. Either approach has merit — apply under the current grants if your project is ready; wait for EDGE if you need the broader eligibility or extended market scope.

For the latest updates on Singapore grant news and business support schemes, it is worth monitoring official announcements from Enterprise Singapore as the EDGE grant launch approaches.

Common Mistakes and How to Avoid Them

Applying After Incurring Costs

All three grants require that costs be incurred after the Letter of Offer is issued. If you sign a consultancy contract, purchase software, or engage an overseas agent before receiving your Letter of Offer, those costs will not be subsidised. Plan your project timeline around the grant approval process, not the other way around.

Choosing the Wrong Grant for Your Project

Many businesses default to the PSG because it is the fastest — but if your project involves bespoke consultancy or transformation work, the EDG often delivers significantly more support. Conversely, applying for the EDG for a project that could be done using a pre-approved PSG solution creates unnecessary complexity and delay.

Using Non-Qualifying Vendors

For the PSG, only vendors and solutions on the Enterprise Singapore pre-approved list are eligible. For the MRA and EDG, third-party service providers must generally be Singapore-registered and unrelated to your company. Using related-party vendors — or vendors that are not registered in Singapore — is a common reason for claims to be rejected or clawed back.

Missing the Claims Deadline

After project completion, grant recipients must submit their claims within the stipulated period (typically 12 months from the Letter of Offer expiry date). Missed claims deadlines are not generally extendable. Build a grant claims calendar to track each project’s milestones and submission dates.

Which Grant Is Right for You?

Use this decision tree as a starting point:

  • Do you need a specific piece of software or equipment on the Enterprise Singapore pre-approved list? Start with the PSG.
  • Are you a Singapore SME entering a new overseas market for the first time? Apply for the MRA.
  • Are you undertaking a significant transformation, capability-building, or innovation project? Apply for the EDG — even if your project also involves technology adoption.
  • Are you doing all three? Engage a grant consultant to structure your applications so each project has a clearly defined scope and no cost overlap.

If you are planning projects for late 2026 or beyond, factor in the EDGE grant’s expected launch. The consolidation may simplify your choices significantly.

For end-to-end assistance with work pass applications for overseas hires brought in as part of your expansion, our associated licensed employment agency handles Employment Pass and S Pass submissions with MOM.

Beyond grants, sound financial planning and investment decisions are equally important for business owners looking to deploy capital effectively alongside government support.

If you need legal advice on structuring your grant-related contracts or consultancy agreements, we can point you in the right direction.

Conclusion

The PSG, MRA, and EDG are three of Singapore’s most impactful business grants, each targeting a different growth lever. Choosing the right one — or the right combination — requires a clear understanding of your project scope, timeline, and eligibility position. With the EDGE grant consolidation on the horizon, businesses should also stay alert to the new scheme’s eligibility rules and how they compare to the current framework.

For the latest Singapore business news and regulatory updates, staying informed will help you plan your grant strategy ahead of the EDGE launch.

To speak with the team at Raffles Corporate Services, you can email [email protected] or call, SMS, or WhatsApp +65 8501 7133. We are happy to assist with any queries.

— The Editorial Team, Raffles Corporate Services