If you’re thinking about starting a business in Singapore, you’re in luck! The government’s got your back with some fantastic grants for new ventures in 2025. From the Startup SG Founder Grant to the Market Readiness Assistance Grant, there are plenty of options to help you kickstart your entrepreneurial path. Curious about what each grant offers and how to snag one? Let’s break it down!
Startup SG Founder Grant
If you’re a novice entrepreneur buzzing with ideas, the Startup SG Founder Grant might just be your ticket to success! This grant offers between 20,000 to 50,000 SGD to help you kickstart your business.
But wait—there’s an application process! You need to be a Singaporean or Permanent Resident and complete entrepreneurship training initially.
Now, let’s talk funding eligibility. You’ll need to match the grant with your own funds, and both you and any co-founders must own at least 30% of the business.
The cash can cover expenses like product development and market validation. Additionally, having a solid understanding of business registration and licensing is crucial for your startup’s compliance journey. For all the nitty-gritty details, check out the Startup SG Founder website.
The grant funds can support your product development and help validate your market.
Your entrepreneurial expedition could be just a grant away!
Startup SG Tech
Ready to take your tech idea to the next level? The Startup SG Tech grant could be your ticket! This grant helps you secure project funding of up to SGD 400,000 for Proof-of-Concept projects and up to SGD 800,000 for Proof-of-Value projects.
But, there’s a catch—grant eligibility requires you to have at least 10% of the grant amount in paid-up capital and to be registered in Singapore with at least 30% local shareholding.
Here’s what you need to know:
- It’s all about innovation and technology.
- Collaborate with research institutions to improve your project.
- Validate your business ideas in the market.
- Make the most of this opportunity to elevate your startup! Additionally, being a Permanent Resident (PR) can facilitate smoother interactions with government bodies, enhancing your chances of success.
Productivity Solutions Grant (PSG)
After exploring the exciting opportunities with the Startup SG Tech grant, let’s shift gears to another fantastic resource for new businesses: the Productivity Solutions Grant (PSG).
This grant helps you cover up to 70% of the cost for pre-approved IT solutions and equipment, with a cap of S$30,000. To qualify, your business must be registered in Singapore and have at least 30% local ownership—so make sure you check your grant eligibility!
PSG supports a range of solutions, like accounting software and customer management systems, aimed at enhancing productivity. Additionally, ensuring that your business is properly registered with ACRA is crucial for grant eligibility.
PSG provides support for various solutions, including accounting software and customer management systems, to boost your business productivity.
Ready to jump in? You can find all the info you need on the application process and eligible solutions on the official PSG website. Don’t miss out on this opportunity!
Business Improvement Fund (BIF)
Looking to supercharge your business processes? The Business Improvement Fund (BIF) is your ticket to operational efficiency!
If you’re registered as an SME in Singapore, you might just meet the BIF eligibility criteria. This fund can cover a big chunk of your project costs, giving you the flexibility to focus on what matters.
Here’s what you can use the funding for:
- Consultancy fees to get expert advice
- Training programs for your team
- Technology upgrades to elevate productivity
- Customized solutions tailored to your needs
Additionally, ensuring that you comply with business licensing requirements can further enhance your chances of securing funding.
Ready to immerse yourself? Check out the BIF funding applications process and see how you can improve your business today.
It’s time to make those enhancements happen!
Market Readiness Assistance (MRA) Grant
If you’ve ever dreamed of taking your business global, the Market Readiness Assistance (MRA) Grant could be your golden ticket! This grant offers up to S$100,000 per new market, co-funding 50% of eligible expenses for SMEs.
To qualify, your business needs at least 30% local equity and annual sales under S$100,000—those are the MRA eligibility criteria.
You can use the grant for market research, trade fairs, and promotional activities to help penetrate new markets.
The MRA application process is straightforward and open to all SMEs registered in Singapore, so don’t miss out!
The MRA application process is simple and accessible for all registered SMEs in Singapore—seize this opportunity!
This grant can really enhance your global competitiveness and growth potential. Immerse yourself, and let’s make your business dreams a reality!
Innovation, R&D and Capability Development Incentives
Innovation is the heartbeat of any successful business, and in Singapore, the government’s Innovation, R&D, and Capability Development Incentives are here to supercharge your entrepreneurial expedition!
These programs are designed to help you develop killer innovation strategies and secure research funding.
Here’s what you can tap into:
- Tax exemptions and concessionary rates through EDB Incentives
- Up to SGD 800,000 for Proof-of-Value stages via Startup SG Tech
- Support for commercializing your intellectual property with the IP Development Incentive
- Over S$10 billion allocated for R&D to foster emerging technologies
Furthermore, by leveraging tax incentives and exemptions, you can significantly reduce your overall tax burden and maximize your business’s potential.
With these resources, you’ll be on the fast track to turning your ideas into reality.
Advanced Digital Solutions (ADS) (IMDA)
Ready to immerse yourself in the world of digital transformation? The Advanced Digital Solutions (ADS) scheme by IMDA is your golden ticket!
If you’re an early adopter startup, this program’s designed just for you. It supports your digitization projects that enhance sustainability, security, or scalability. Plus, you can access funding through the Productivity Solutions Grant (PSG), but you need to show those project benefits!
To get the most out of this opportunity, chat directly with IMDA about your project specifics and funding eligibility. They’re there to help you navigate the digital realm. The ADS scheme is all about enhancing productivity and innovation among Singaporean startups, potentially enabling you to leverage AIDA grants for your AI-driven projects. So, why wait? Engage and revolutionize your business!
Conclusion
In 2025, Singapore’s grants are like a valuable resource map for new entrepreneurs. With support like the Startup SG Founder Grant, you’ve got tools to dig into your ideas and turn them into gold. Just imagine setting sail on a ship fueled by innovation! By tapping into these resources, you’re not just surviving; you’re thriving! So grab that map, take the plunge, and let your business dreams take flight. The adventure awaits—you just need to start!