Market Readiness Assistance (MRA) Grant

Note:

The MRA Grant support level of up to 70% will be extended until 31 Mar 2023.

Due to a large number of grant applications submitted in the first quarter of 2022, you may encounter a longer processing time than usual. To check on the status of your application, you may visit the Business Grant Portal here.

Small and medium enterprises (SMEs) will receive an international boost with the Market Readiness Assistance (MRA) grant to help take your business overseas.

Eligible SMEs will receive the following support:

Up to 70% of eligible costs, capped at S$100,000 per company per new market* from 1 April 2020 to 31 March 2023 that covers:
- Overseas market promotion (capped at S$20,000)
- Overseas business development (capped at S$50,000)
- Overseas market set-up (capped at S$30,000)

Each application is limited to one activity (e.g. market entry, or participation in a trade fair)

Note: There are no pre-approved vendors for the MRA grant (with the exception of Enterprise Singapore’s list of FTA consultants)

Here’s a quick checklist you may refer to in preparation for your upcoming virtual trade fairs.

* With effect from 1 April 2020, a new market refers to a target overseas country whereby the applicant company has not exceeded S$100,000 in overseas sales in each of the last three preceding years.

SME should meet the following criteria:

Business entity is registered/incorporated in Singapore
New market entry criteria, i.e. target overseas country whereby the applicant has not exceeded S$100,000 in overseas sales in each of the last three preceding years
Has At least 30% local shareholding
Company's Group Annual Sales Turnover should be not more than S$100 million, OR Company's Group Employment Size should be not more than 200 employees

Click here for full list of eligible activities.

You may refer to the MRA Application Checklist for some tips on how to prepare for your MRA application process.

Employers eligible for the SkillsFuture Enterprise Credits (SFEC) can also qualify for additional subsidies under the scheme.

Pre-application

Please note that retrospective applications will not be accepted. An application will be deemed retrospective only if any of the following events took place before the application date:

Signed an engagement letter with the third-party consultant
Made the first payment to the third-party consultant
Commenced the project with the third-party consultant

Companies must submit your applications no earlier than six months of project start date.

Please note that the processing time for MRA is about 8 to 12 weeks from the submission of all required information. Companies are strongly encouraged to submit their applications ahead of time to account for the application outcome and/or processing duration required.

Application

Please apply through the Business Grants Portal (BGP). You will need to register for a Corppass account to transact on the portal.

Send all claims with relevant supporting documents to us through the Business Grants Portal within three months from project end date.

For all claims, an independent auditor must verify the expenses. An audit grant fee, capped at S$500 or 70% of the audit fee will be given to companies who engaged an Enterprise Singapore-appointed auditor to verify the expenses.

All claims will be disbursed strictly on a reimbursement basis.

Note: There are no compulsory application fees required for schemes offered by Enterprise Singapore. Any application fees quoted by individual/firms offering grant application services are not endorsed by the government.

Click here for frequently asked questions on MRA.

For more information on how we can work with you to grow your business, click here.