Singapore MRA Grant for Overseas Expansion
The Market Readiness Assistance (MRA) Grant in Singapore is a funding initiative offered by Enterprise Singapore to support Singaporean companies in their efforts to expand their business overseas. The grant provides financial assistance for a range of activities, including market research, business development, and marketing activities. It can help companies establish partnerships with foreign counterparts and improve their competitiveness in the global market.
Key Benefits:
Financial Support: The MRA grant can cover up to 50% of eligible costs, capped at S$100,000 per company per new market.
Eligibility: The grant is open to Singapore-based companies with less than 200 employees or less than S$100 million in annual turnover.
Wide Range of Activities: The grant supports various activities, including market research, business development, and marketing efforts.
How to Apply:
Eligibility Check: Ensure your company meets the eligibility criteria.
Project Proposal: Prepare a detailed project proposal outlining your overseas expansion plans.
Application Submission: Submit your application through the Enterprise Singapore website.
Assessment: Enterprise Singapore will review your application and notify you of the outcome.
Additional Resources:
By leveraging the MRA Grant, Singaporean companies can gain a significant advantage in their international expansion efforts, opening up new markets and driving growth.
How Bestar can Help
Bestar, a leading provider of business advisory services, can significantly assist companies in navigating the Market Readiness Assistance (MRA) Grant application process. Here's how we can help:
Eligibility Assessment: Bestar can evaluate your company's eligibility for the MRA Grant, ensuring you meet the necessary criteria.
Project Proposal Development: Our team can help you craft a compelling project proposal that clearly outlines your overseas expansion plans, objectives, and budget.
Application Submission: Bestar can guide you through the application process, ensuring your application is complete and submitted on time.
Grant Claiming and Management: We can assist you in claiming the grant funds and managing the approved budget effectively.
Ongoing Support: Bestar can provide ongoing support to ensure your overseas expansion project remains on track and achieves its goals.
By partnering with Bestar, you can increase your chances of securing the MRA Grant and effectively leverage it to fuel your international growth.
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