EDG supports projects that help your business upgrade, innovate or venture overseas. It funds qualifying project costs namely third-party consultancy fees, software and equipment, and internal manpower cost. For businesses most severely impacted by COVID-19, the maximum support level may be raised to 90% on a case-by-case basis.
PSG supports businesses in adopting IT solutions and equipment to enhance business processes. It supports sector-specific solutions (eg: retail, food, logistics, precision engineering, construction and landscaping industries) as well as solutions that cut across industries, such as in areas of customer management, data analytics, financial management and inventory tracking.
The maximum funding support level will be raised to 80% from 1 April 2020 to 31 March 2022.
The MRA grant gives SMEs a boost in taking their business overseas. Eligible SMEs will receive up to 70% of qualifying 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 in a single overseas market (e.g. market entry, or participation in a trade fair)
SFEC encourages employers to invest in business transformation and employee capabilities. Eligible employers will receive a one-off $10,000 credit to cover up to 90% of out-of-pocket expenses on qualifying costs for supportable initiatives, on top of the support levels of existing schemes.