If you run a Singapore SME, three government grants come up again and again: the Enterprise Development Grant (EDG), the Productivity Solutions Grant (PSG) and Market Readiness Assistance (MRA). They sound similar, they are all administered under Enterprise Singapore, and they all defray a big slice of your project cost. But they fund very different things, and picking the wrong one wastes weeks of paperwork.
This guide breaks down what each grant covers, how much you can claim in 2026, and which one fits your situation. It also explains the incoming EDGE Grant, the new unified scheme that will fold EDG, PSG and MRA into a single application in the second half of 2026.
The three grants at a glance
At the highest level: PSG helps you buy pre-approved productivity tools and equipment; EDG funds deeper transformation and capability-building projects; and MRA helps you take your business overseas. Here is the quick comparison.
| Grant | What it funds | Support level (2026) | Cap |
|---|---|---|---|
| PSG | Pre-approved IT solutions and equipment that lift productivity | Up to 50% | Per solution, varies |
| EDG | Consultancy and transformation projects (strategy, innovation, internationalisation) | Up to 50% for SMEs | Project-based |
| MRA | Overseas market entry and expansion | Up to 70% | S$100,000 per new market |
Enterprise Development Grant (EDG)
The EDG is the heavyweight of the three. It supports projects that help you upgrade, innovate or venture abroad, and it is built around consultancy, software and internal capability rather than off-the-shelf purchases. Projects fall under three pillars: Core Capabilities (business strategy, financial management, human capital, service excellence), Innovation and Productivity (process redesign, automation, product development), and Market Access (going international).
SMEs can receive up to 50% support on qualifying costs such as third-party consultancy fees, software and equipment, and internal manpower directly tied to the project. The EDG suits companies with a clear transformation plan and a defined outcome, for example a business that wants to redesign its operations or build a new product line. Because approval hinges on the strength of your project proposal, EDG applications take longer to prepare than PSG claims. If you are still shaping your growth roadmap, our guide on converting a sole proprietorship to a Pte Ltd explains why the corporate structure often comes first.
Productivity Solutions Grant (PSG)
The PSG is the easiest grant to use because it funds pre-approved solutions. You browse the list of supported IT solutions and equipment on the GoBusiness portal, pick a vendor and solution that fits your sector, and apply. Supported categories include accounting software, inventory and customer management systems, e-commerce tools and sector-specific solutions.
SMEs can receive up to 50% funding on approved solutions. Because the solutions are pre-vetted, the application is lighter than an EDG proposal, which makes PSG a natural first step for a company digitalising its back office. Adopting cloud accounting through PSG, for instance, pairs well with the record-keeping discipline described in our overview of SMEs Go Digital and pre-approved solutions.
Market Readiness Assistance (MRA)
The MRA grant is for companies ready to expand overseas. It reimburses up to 70% of eligible costs, capped at S$100,000 per new market, and is split across three activity pillars: overseas market promotion (capped at S$20,000), overseas business development (capped at S$50,000), and overseas market set-up including intellectual property registration, overseas incorporation and import or export licences (capped at S$30,000). The 70% support level applies from 1 April 2026 to 31 March 2029.
To qualify you generally need to be a Singapore-registered SME that has not previously exported to the target market, or has only minimal sales there. MRA works well for a business attending its first overseas trade fair or setting up a foreign subsidiary. If part of your expansion involves attracting investors or high-net-worth founders to Singapore, our explainer on the Global Investor Programme is a useful companion read.
The new EDGE Grant: what is changing in 2026
Enterprise Singapore has announced the EDGE Grant, a unified scheme that will streamline PSG, EDG and MRA into a single framework in the second half of 2026. The headline changes are meaningful. EDGE will be open to all Singapore-registered businesses, not only SMEs, with non-SMEs supported at up to 50%. It removes the “new market” restriction that currently limits MRA, and published factsheets indicate support of up to S$100,000 per year for eligible activities.
In practice this means less time deciding which of three schemes applies and more focus on the project itself. Until EDGE launches, the existing EDG, PSG and MRA schemes continue to run, so applications made now are still valid. We will update this guide as the final EDGE parameters are confirmed.
Which grant is right for you?
Match the grant to your goal. If you want to buy a productivity tool, such as accounting or inventory software, start with PSG. If you want to transform the business through consultancy, automation or a new capability, EDG is the right vehicle. If you want to enter a new overseas market, MRA gives the highest support rate. Many companies use them in sequence: PSG to digitalise, EDG to restructure, then MRA to go abroad. Grants cannot double-fund the same cost, so a clear project scope keeps your claims clean.
How to apply
PSG and MRA applications are made through the GoBusiness portal, while EDG is submitted via the Business Grants Portal. You will need a corporate account, your latest financial statements, quotations from vendors or consultants, and a project plan. Enterprise Singapore assesses eligibility, project merit and the reasonableness of costs. Full scheme details are published by Enterprise Singapore, and grant disbursements interact with your tax position, so keep clean records for IRAS purposes.
Frequently asked questions
Can I apply for more than one grant?
Yes. A company can hold PSG, EDG and MRA projects at the same time, provided each grant funds a distinct scope. You cannot claim two grants for the same cost item.
Do I need to be an SME to qualify?
The current 70% MRA rate and 50% PSG and EDG rates are aimed at SMEs (broadly, group annual sales under S$100 million or fewer than 200 employees). The incoming EDGE Grant will extend support to non-SMEs at up to 50%.
Should I wait for the EDGE Grant?
Not necessarily. If you have a project ready now, applying under the existing schemes secures funding without delay. EDGE is a consolidation of the same objectives rather than a wholly new type of support.
– The Editorial Team, Raffles Corporate Services