SMEs are the backbone of our economy, driving innovation, creating jobs, and
contributing significantly to economic growth.
Our aim is to provide relevant assistance through workshops and advisories on
Government assistance schemes for their growth and upgrading needs.
This grant is for local SMEs looking for IT solutions and equipment. It funds individual
projects intended to improve productivity, limited to a pre-approved list of vendors.
The Productivity Solutions Grant (PSG) helps Singapore companies improve their
productivity and automate existing processes through IT solutions and equipment.
The Energy Efficiency Grant (EEG) aims to help businesses improve their energy efficiency
by co-funding investment in energy-efficient (EE) equipment. The EEG will provide two
tiers of support – a base tier to provide support for pre-approved EE equipment up to
S$30,000; and an advanced tier to support companies for larger investments that drive
greater energy efficiency. As of 30 December 2024, eligible companies in Construction
(SSIC 41 to 43), Food Services (with valid Singapore Food Agency licence and classified
under SSIC 56 or 68104), Manufacturing (SSIC 10 to 32 -including Food Manufacturing),
Maritime (Harbourcraft companies owning/operating harbourcraft licensed by MPA , Port
companies classified under SSIC 23940, 24109, 49231, 50021, 50023, 52101, 52221,
52222, 52224, 52243, 52292) , Retail sectors (under SSIC 47) and users of data centres
will be able to tap on the EEG.
Base tier – Up to S$30,000, Pre-approved EE equipment.
Government will support up to 70% and up to 30% for SMEs and non-SMEs respectively
until 31 March 2026.
Advanced tier (only available for selected sectors) – Up to S$350,000 across base and
enhanced tiers.
EE equipment need not be pre-approved but must demonstrate energy savings above 350t
lifetime carbon abatement.
• Support levels under the base tier; or
• Grant quantum computed based on EE equipment’s expected lifetime energy savings
Get support for business development, promotion and set-up costs when you expand into a new overseas market.
The Market Readiness Assistance (MRA) grant helps companies expand into new markets overseas by defraying the costs of overseas market promotion, business development and set-up.
The support is capped at S$100,000 per company per new market and covers activities
under three pillars:
a) Overseas market promotion (capped at S$20,000)
b) Overseas business development (capped at S$50,000)
c) Overseas market set-up (capped at S$30,000)
The Enterprise Development Grant (EDG) supports projects that help you upgrade,
innovate, grow and transform your business. Submit your individual project proposals with details on your business plans and project outcomes to take your business further.
EDG funds qualifying project costs namely third-party consultancy fees, software and
equipment, and internal manpower cost.
From 1 April 2023, SMEs can receive up to 50% support for EDG (sustainability-related
projects may be supported at up to 70% from 1 April 2023 to 31 March 2026). Please refer
to the Enterprise Sustainability Programme page for more details.
Alternatively, get in touch with our business advisors to know more.
All info updated as of 27 Feb 2025.
The Enterprise Financing Scheme is a comprehensive tool to enable Singapore enterprises to access financing more readily across all stages of growth.
It covers seven areas to address enterprises’ financing needs: green loans, working capital loans, fixed asset loans, venture debt loans, trade loans, project loans, as well as Merger & Acquisition loans.
1. Green Loan
Finance green growth projects
2. SME Working Capital Loan
Finance daily operational cashflow needs
3. SME Fixed Assets Loan
Finance the investment of domestic and overseas fixed assets
4. Venture Debt Loan
Finance the growth of innovative enterprises using Venture Debt and warrants or redeemable convertible preference shares
5. Trade Loan
Finance trade needs
6. Project Loan
Finance the fulfilment of secured overseas projects
7. Mergers & Acquisitions Loan
Finance the acquisition of target enterprises with the intent of internationalisation
8. Foreign-based Financial Institutions / Multilateral Development Banks Loans
Access overseas financing support to expand your international business footprint.
Get in touch with us to know more.
All info updated as of 27 Feb 2025.
Startup SG Founder provides mentorship and startup capital grant to first-time entrepreneurs with innovative business ideas. Enterprise Singapore will match $3 for every $1 raised by the entrepreneur
Enterprise Singapore has appointed Accredited Mentor Partners (AMP) that will identify
qualifying applicants based on the uniqueness of business concept, feasibility of business
model, strength of management team, and potential market value
Startup SG Tech grant fast-tracks the development of proprietary technology solutions,
and catalyses the growth of startups based on proprietary technology and a scalable
business model. Through Startup SG Tech, companies may receive early-stage funding for
the commercialisation of proprietary technology.
As part of the Startup SG Equity scheme, government will co-invest with independent,
qualified 3rd party investors into a startup. This scheme aims to stimulate private-sector
investments into innovative, Singapore-based technology startups with intellectual
property and global market potential.
Startup SG Accelerator supports incubators and accelerators in strategic growth sectors that take on the role of catalysing growth opportunities for high potential startups through their programmes, mentorship and provision of resources. Startup SG Accelerator will provide funding and non-financial support for these partners to further enhance their programs and expertise in nurturing successful startups.
Startup SG Talent pillar highlights schemes that foster a more conducive environment for promising global talent to set up innovative businesses in Singapore, and for startups to
attract talent to be part of their team. Schemes under this pillar include: EntrePass, T-Up
and SME Talent Programme (STP) for Startups.
Startup SG Infrastructure provides startups with the spaces that they need to grow,
experiment and flourish.
JTC LaunchPad @ one-north is master developed by JTC, and is an initiative supported by A*STAR, IMDA, NRF and Enterprise Singapore. It is a vibrant and nurturing environment for startups and enablers in the biomedical sciences, infocomm, media, cleantech, electronics and engineering industries.
Startup SG Investor pillar highlights tax incentives for individuals or fund management companies that are actively investing in startups and/or other Singapore companies.
Startup SG Loan pillar highlights Government-backed loans for your working capital,
equipment/factory financing and trade financing needs, offered through Participating
Financial Institutions.
Get in touch with us to know more.
All info updated as of 27 Feb 2025.
Enterprise Singapore facilitates global expansion with tailored advisory services. From market analysis to regulatory compliance, our advisors are prepared to guide businesses into entering new markets.
Get in touch with us to know more.
All info updated as of 27 Feb 2025.
We work closely with SMEs to deepen their capabilities and enable them to scale further. Meet our Business Advisors today for a free one-to-one consultation!
