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MRA Grant

About Market Readiness Assistance

Small and medium-sized companies in Singapore will benefit from the Market Readiness Assistance (MRA) grant, which will provide essential support on their initiative to expand internationally. The MRA Grant supports up to 70% and will be valid until March 31, 2023. With effect from 1 April 2021, MRA will also be extended to include Trade Credit Insurance (TCI) as a supportable subject under the overseas market set-up pillar.

Overseas Marketing Promotion

Grant Capped at S$20,000 per new market.
Supporting activities include: 

  • Participation in Overseas Physical Trade Fairs: Third-party costs charged by Event Organisers relating to Space rental & Booth design and construction.
  • Virtual Trade Fairs:  Fees charged by event organisers relating to virtual exhibition hall & Booth access, Collateral creation (EDMs, booth write up), Business Meeting Sessions, Product Launches, and Post Event Analytics
Overseas Business Development

Grant Capped at S$50,000 per new market.
Supporting activities include:

  • Business Matching: Third-party costs incurred to identify potential partners and/or customers (B2B), including licenses, agents and joint venture partners.
  • Overseas Marketing Presence (OMP): Purpose of marketing and business development; Project-specific eligible expenses include the salary of one (1) permanent business development employee and rental of OMP.
  • In-Market Business Development: Third-party costs relating to subscription costs of outsourced business development services for up to twelve (12) months.
Overseas Market Set-Up

Grant Capped at S$30,000 per new market.
Supporting activities include:

  • Market Entry: Advisory, legal and documentation expenses relating to name search, intellectual property search and application, filing and registration for sale/ representative offices or equity entity, implementation of recommended tax structures, import and export licenses, drafting franchising, licensing, agency, distributorship and joint venture agreements, trade credit insurance.
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    MRA Grant Services

    What We Do

    Business Matching

    Our matching system provides a safer, easier, and faster approach to engage trustworthy service providers within our network to assist businesses in their requirements in market expansion across Asia.

    Business Expansion

    We provide our clients with the necessary transparency. Our extensive network and dedication had aided our roadmap to success. We seek to deliver outstanding experiences on any business requirement for expansion.

    Market Research

    We employ technology to streamline what would otherwise be a laborious conventional approach of researching regulation, assessing a potential market, and identifying industry consumer sentiment.


    Our Network

    China Business Expansion

    We collaborate with our key partners and broad network in China to serve and assist Singapore businesses set foot into Asia's largest economy.

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    Frequently Asked Questions

    What are the eligibility requirements for the MRA Grant?

    To be eligible for the MRA Grant, businesses are required to be:

    • At least 30% local equity in a Singapore-registered/ incorporated business.
    • Group Annual Revenue of not exceeding S$100 million, or
    • Organization Employment Size of not more than 200 employees/ workers.
    • New to the target international market/ overseas market (at country-level).
    How to qualify as a new overseas market?

    A new overseas country is defined when annual revenue obtained in foreign sales did not surpass S$100,000 in each of the previous three years.

    What is the breakdown of the grant cap per new market?

    The grant cap is valid from 1 April 2020 to 31 March 2023, and it includes activity sub-caps of:

    • 20,000 SGD for Overseas Marketing & Promotion
    • 50,000 SGD for Overseas Business Development
    • 30,000 SGD for Overseas Market Set Up
    Are sole proprietorships and partnerships eligible to apply for the MRA Grant?

    Enterprise Singapore is interested in learning about the international expansion plans of each business. Applications will be evaluated individually, on a case by case basis.

    Can a business apply to numerous new markets at the same time?

    Yes, as long as the new market requirements are satisfied and projects fall within the parameters of each activity award sub-cap.

    Can a business apply for both EDG Grant and MRA Grant at the same time?

    Yes, qualified businesses may apply for funding under both the EDG and the MRA grant, as long as the scope of task and activities covered are not the same.

    DISCLAIMER : Information on businessgrants.com.sg (website) intend to provide the overview on Market Readiness Assistance (MRA) by Enterprise Singapore (ES). The views and opinion stated & expressed on this website does not reflect the official stance, policy, viewpoint and or position of ES or any other relevant Singapore Government agencies. This website does not represent ES and does not claim to represent or ES in anyway. This website is not affiliated nor endorse by ES and or any other relevant Singapore Government agencies. The website do not make any warranties about the completeness, reliability and accuracy of the information provided. Any action you take upon the information on this website is strictly at your own risk.

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