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Government Grants

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Grants For Startups

Startup SG Founder

New entrepreneurs can look to Startup SG Founder for funding support, mentor-ship and business networks.

 

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Startup SG Tech

Startups can seek early-stage funding to fast-track commercialisation of scalable in-house solutions with Startup SG Tech.

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Grants For Local Companies

Enterprise Development Grant (EDG)

Supports your business’ efforts to upgrade, innovate and venture overseas.

 

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Productivity Solutions Grant (PSG)

Companies keen to improve productivity by adopting technology solutions can now tap this simplified grant.

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Market Readiness Assistance (MRA) Grant

Companies looking to market products and services overseas can defray up to 70% of third-party costs through the MRA grant.

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Loans & Insurance

SME Micro Loan

Companies with 10 or fewer employees can access working capital loan of up to S$100,000 to support their daily operations.

 

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SME Working Capital Loan

Companies can access unsecured working capital loan of up to S$300,000 to support daily operations.

 

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SME Venture Loan

Innovative, high-growth companies can access alternative venture debt financing of up to S$5 million for business expansion.

 

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SME Equipment and Factory Loan

Companies can access financing of up to S$15 million to purchase equipment, machines or selected factory properties.

 

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Bridging Loan for Marine and Offshore Engineering Companies

Singapore-based M&OE companies can access working capital to finance their operations and bridge short-term cash flow gaps.

 

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International Finance Scheme (IFS)

Singapore-based companies can borrow up to S$30 million to finance their international expansion efforts abroad.

 

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International Finance Scheme (IFS) – Non-Recourse

Mid-sized Singapore-based companies developing local and regional infrastructure projects can tap the IFS-NR to manage risk.

 

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International Finance Scheme (IFS) – Marine and Offshore Engineering

Singapore-based Marine & Offshore Engineering (M&OE) companies can receive greater funding support through the enhanced Internationalisation Finance Scheme (IFS), to tide over the slowdown in the sector.

 

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Loan Insurance Scheme (LIS)

The LIS helps companies secure short-term trade financing by insuring banks against the insolvency risks of borrowers.

 

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Political Risk Insurance Scheme (PRIS)

The PRIS provides a 50% subsidy on political risk insurance premiums for Singapore-based companies that venture overseas.

 

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Trade Credit Insurance Scheme (TCIS)

The TCIS protects companies against cashflow problems arising from situations beyond control such as non-payment from buyers.

 

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Tax Incentives

Double Tax Deduction for Internationalisation (DTDi)

Companies can claim 200% tax deduction on eligible costs of overseas market expansion, development, and internationalisation.

 

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Angel Investors Tax Deduction (AITD)

Angel investors can apply for this tax incentive when investing in eligible startups and local companies.

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Investments

Startup SG Equity

This government and private co-investment scheme catalyses financing of tech startups with strong IP and global potential.

 

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