MRA Grant

MRA Grant

Market Readiness Assistance (MRA) Grant

Designed and implemented to accelerate the international expansion of Singapore SMEs, the Market Readiness Assistance (MRA) Grant supports activities focused on facilitating you in overseas set-ups, identification of business partners and overseas market promotion.

Funding Support

1) 70% of the eligible cost for activities listed below, capped at S$20,000 per company per fiscal year

2) Maximum of 2 applications per fiscal year, starting on 1st April and ending on 31st March the following year

3) Limited to one activity (eg. market assessment or market entry) per application

How we can support you- Overseas Market Promotion

Online marketing activities

Supportable activities like third-party costs incurred for:

1) Search engine marketing

2) Social media marketing campaigns

3) Online advertising campaigns

4) Listing/ subscription fees on global online retail/ e-commerce platforms with international reach and with e-fulfilment, payment and logistics capabilities

Proof of completion should include but not be limited to the following:

1) Details of website including URL and web content uploaded

2) Web analytics report

3) Invoices/ receipts/ bank statements for payment made to third-party vendor as proof of payment for the costs incurred

Do You Qualify for MRA?

You will need to fulfil the following criteria in order to qualify for this financial support:

1) Global HQ must be anchored in Singapore

2) SMEs with annual turnover of less than S$100 million per annum based on the most recent audited report

Retrospective applications will not be accepted. Please apply and obtain approval before proceeding with any of the below:

Making a payment including initial deposit Signing of contractual agreement, rental agreement or purchase order Commencement of the project

Companies may submit their applications, six months before at the earliest, but no later than 15 working days from the project start date.

For more details and information, please visit
www.iesingapore.com/MRA_Grant

or call us at 1800-IESPORE (1800-437 7673).