The MRA Grant empowers Singaporean SMEs with the necessary resources and support to enhance their global competitiveness to achieve international expansion success.
What is MRA?
The Market Readiness Assistance (MRA) Grant is issued by the Singapore government with the purpose of supporting local small and medium enterprises (SMEs) in their international expansion efforts. The grant aims to help Singaporean businesses become market-ready and enhance their global competitiveness, by diversifying their customer base, accessing new technologies or resources, and staying ahead of the competition.
- Up to 50% funding for eligible costs
- Cap of $50,000 to fuel your growth
- Expert guidance and support from industry-leading consultants
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Who should apply?
SMEs registered and operating in Singapore can apply for the MRA Grant. Eligible SMEs should have
- minimum of 30% local shareholding
- Less than S$100 million annual turnover
- Group employment size of Less than 200 people
- New to target overseas market
Why should you apply?
Applying for the MRA Grant can provide several benefits for your business, including:
- Financial support: The grant provides financial assistance to help offset costs related to market entry, marketing, and other relevant
- Expertise and guidance: You can gain access to valuable expertise and resources that can enhance your market readiness and international expansion strategies.
- Strengthened market presence: The grant can help you build a stronger presence in overseas markets and increase your competitiveness on a global scale.
What do you need to prepare for the grant application?
To apply for the MRA Grant, you can prepare the following necessary documents and information
- Business registration details g. ACRA
- Financial statements
- Business matching plans
- Project description
What is the process like?
Approval timeline:
The exact duration for approval can vary depending on the complexity of the application and the volume of applications being processed.
Typically, it takes around 4 to 8 weeks for the evaluation process to be completed.
Where to get help:
You can seek assistance and guidance for the MRA Grant application through Enterprise Singapore or consult with Bizsquare today! To explore the opportunities that await you and learn more about Bizsquare services, visit our website at [https://bizsquare.com.sg/] or reach out to our team at +65 9183 4413.
It’s time to seize the opportunity and skyrocket your business in Indonesia. Don’t let the competition leave you in the dust. Apply for the MRA Grant now and pave your way to international success!
Hurry, limited grants available. Don’t miss your chance!
