Since SMEs are the blood-life of Singapore’s economy as they contribute around half of national GDP, Singapore government is encourages SMEs to be more organized, methodical and efficient. SMEs success lies in their strategic flexibility and ability to adapt to the changing market and socio-economical scenario. In order to manage both aspects lot many schemes are there for SME grants Singapore such as Market Readiness Assistance (MRA) Grant that supports up to 70% on eligible cost even for taking your business overseas.
Energy Efficiency Fund (E2F) supports industrial companies’ efforts to lower their facility’s operating costs through energy efficiency. Among other SME grant s Singapore, one can avail Productivity Innovation Project (PIP) Scheme that enables you to operate more efficiently by re-engineering work processes and adopting labor-efficient technologies.