MRA Grant Singapore: Up to 70% Funding to Take Your Business Global
Enterprise Singapore's Market Readiness Assistance (MRA) Grant covers up to 70% of eligible costs for local SMEs, with a grant cap of S$100,000 per company per new market. Expand into Indonesia, Malaysia, Vietnam, Cambodia, Thailand and beyond with government co-funding.
(1 Apr 2026 – 31 Mar 2029)
per new market
all three can run concurrently
the full S$100,000 grant
What is the MRA Grant, in one paragraph?
The Market Readiness Assistance (MRA) Grant is a Singapore government grant administered by Enterprise Singapore that helps Singapore-registered SMEs enter new overseas markets. From 1 April 2026 to 31 March 2029, it covers up to 70% of eligible third-party costs for local SMEs (previously 50%), with a grant cap of S$100,000 per company per new market. That cap is split across three pillars — Overseas Market Promotion (S$20,000), Overseas Business Development (S$50,000) and Overseas Market Set-up (S$30,000). You submit one application per pillar through the Business Grants Portal using Corppass and you can run all three pillars concurrently for the same market. The grant is paid as a reimbursement after your project is completed, audited and claimed.
- Who administers it
- Enterprise Singapore (EnterpriseSG)
- Support level
- Up to 70% of eligible costs for local SMEs, 1 Apr 2026 – 31 Mar 2029
- Grant cap
- S$100,000 per company, per new market
- Pillar caps
- S$20,000 promotion • S$50,000 business development • S$30,000 market set-up
- Applications
- One per pillar; up to three pillars concurrently per market
- Where to apply
- Business Grants Portal (BGP) via Corppass — by the company itself
- Processing time
- Approximately 8–12 weeks per complete application
- Payment basis
- Reimbursement after project completion, audit and claim approval
Coming in 2H 2026: Enterprise Singapore has announced EDGE, a new grant that will streamline MRA, PSG and EDG into a single scheme, extend eligibility to local non-SMEs at up to 50% support and remove the "new market" requirement. The MRA Grant remains open for applications until EDGE launches.
The Three MRA Grant Pillars
Each pillar has its own grant cap and takes its own application. Together they add up to the S$100,000 cap per new market — and you can run all three at once.
Pillar 1 — Overseas Market Promotion
Overseas marketing and PR activities (in-store promotions, road shows, pop-up stores, social and online/offline media), plus physical and virtual trade fairs. Booth space and booth design are each capped at 36 sqm; B2C-only fairs and LEAD-supported fairs are excluded.
Grant cap: S$20,000 per new market
≈ S$28,600 of eligible cost at 70% support
Pillar 2 — Overseas Business Development
Identifying and meeting potential overseas partners (licensees, franchisees, agents, distributors, suppliers, JV partners, logistics providers); deploying a full-time BD employee in-market under Overseas Marketing Presence (basic salary + office rental, 6–12 months); or outsourced In-market Business Development (3–12 months).
Grant cap: S$50,000 per new market
≈ S$71,400 of eligible cost at 70% support
Pillar 3 — Overseas Market Set-up
Establishing your legal presence: overseas entity incorporation, intellectual property registration, tax structure planning, import/export licences and certifications, trade credit insurance and drafting market-specific business agreements.
Grant cap: S$30,000 per new market
≈ S$42,900 of eligible cost at 70% support
Do the Maths: What 70% and S$100,000 Actually Mean
The S$100,000 figure is a cap on the grant, not on your spending. Because Enterprise Singapore funds up to 70% of eligible costs, drawing the full S$100,000 grant means running roughly S$143,000 of eligible project cost across the three pillars (S$100,000 ÷ 0.7 ≈ S$142,900).
For every S$100 of eligible cost, the government contributes up to S$70 and you fund the remaining S$30.
- • There is no pre-approved vendor list for the MRA Grant — you choose your own third-party vendor, subject to no conflict of interest
- • One application per pillar and up to three pillars concurrently for the same new market
- • You may also apply for multiple new markets at the same time, subject to showing adequate financing and manpower
- • The 70% support level applies from 1 April 2026 until 31 March 2029
Where Will You Expand Next?
Southeast Asia is booming. Pick a market and we'll show you why it's a great idea (and how the MRA Grant helps you get there).
Indonesia
284.7M people • 5.11% GDP growth (2025) • ASEAN's largest economy
Malaysia
34.4M people • 5.2% GDP growth (2025) • 15th in IMD World Competitiveness 2026
Vietnam
102.3M people • 8.02% GDP growth (2025) • ASEAN's fastest grower
Cambodia
17.9M people • 5.2% GDP growth (2025) • Dollarised frontier market
Thailand
71.6M people • 2.4% GDP growth (2025) • Established manufacturing hub
The Application Process, End to End
From planning your project to receiving reimbursement. Critically: you must apply before paying a vendor, signing a contract or starting work.
Scope your project
Confirm the target market is new to you, pick which pillar(s) you need and get an itemised quotation from your chosen third-party vendor. Submit no earlier than 6 months before your project start date.
Prepare the application
Assemble your ACRA BizFile, financial statements, vendor quotation and a business proposal with clear deliverables and KPIs. One application per pillar.
Submit on the Business Grants Portal
Your own authorised Corppass user submits on the BGP. Enterprise Singapore does not permit vendors, consultants or corporate secretaries to submit or manage the grant on your behalf. Processing takes about 8–12 weeks.
Accept the Letter of Offer and execute
Your CEO/MD (the Corppass Acceptor) accepts the Letter of Offer. Deliver the project within the approved period — a maximum of 12 months — and collect the deliverables listed in the Letter of Offer.
Audit, claim and get reimbursed
Engage an Enterprise Singapore-appointed auditor (audit cost is supported at up to 50%, capped at S$500) and file a single, final claim on the BGP within 3 months of your project end date. Disbursement takes about 14 working days via PayNow Corporate, or up to 8 weeks via GIRO.
MRA Grant: the questions people actually ask
Short, sourced answers. The full FAQ goes deeper on every one of these.
How much is the MRA Grant?
Up to 70% of eligible costs for local SMEs, capped at a S$100,000 grant per company per new market. To draw the full S$100,000 you need roughly S$143,000 of eligible project cost.
How many applications can I submit?
One application per pillar. A company can apply for all three pillars concurrently for the same new market and can also pursue several new markets at the same time if it can show adequate financing and manpower.
What counts as a "new market"?
A country where your annual sales have not exceeded S$100,000 in any of the preceding three years. Newness is assessed at country level.
Who is eligible?
A business entity registered and operating in Singapore, with at least 30% local equity held by Singapore Citizens and/or PRs and group annual sales turnover ≤ S$100 million OR group employment ≤ 200.
Can I apply after I've already paid?
No. Retrospective applications are rejected — that includes deposits paid, contracts or purchase orders signed, employment contracts signed, or any project work started before submission. Overseas trade fairs are the one narrow exception.
Do I need an approved consultant?
No. Enterprise Singapore does not maintain a list of approved MRA consultants or pre-approved vendors. You choose your own third-party vendor, provided there is no conflict of interest — and your company, not a third party, must submit on the BGP.