The growth of startups and SMEs depends upon their ability to quickly respond to the market trends whereas flexibility in approach allows them to get acclimatize to the necessary transitions and gain competitive edge. All this is possible when systems are in place and efforts are directed towards establishing and strengthening enterprises. In addition, government of Singapore supports with lot many schemes to offer grants for SME.
Enterprise Development Grant (EDG) is a customized support for innovation and internationalization of your product or business. Following merger of SPRING Singapore and International Enterprise (IE), grants for SME are overseen by EDG. Among other grants for SME, Productivity Solution Grant (PSG) is the one-stop grant for businesses to access a wider range of productivity solutions for purpose of business upgrading.PSG can issue grants for SME up to 70% funding for relevant activities.