Why apply for grants?
Singapore is a very attractive place for entrepreneurs to set up a business. Besides the low tax rates and the ease of doing business, another important factor that attracts entrepreneurs from around the world to the country is the multiplicity of financing sources for startups. If you decide to incorporate your startup in Singapore, the government offers several attractive grants and funding schemes that help grow a business through its various early stages.
To make it easier for businesses to access support to adopt technologies and productivity solutions, the Singapore government will streamline existing grant schemes that support pre-scoped, off-the-shelf productivity solutions into one Productivity Solutions Grant (PSG). The PSG will provide funding support for up to 70% of qualifying costs.
In order to provide more holistic and customised support to local enterprises seeking to build deep capabilities, scale up, and internationalise, SPRING's Capability Development Grant (CDG) and IE’s Global Company Partnership (GCP) grant will be combined into the Enterprise Development Grant (EDG). The EDG will provide funding support for up to 70% of qualifying costs from FY2018 to FY2019.