How to Qualify for EDG, PSG, and MRA: A Grant Eligibility Guide for Singapore SMEs

Understanding Singapore SME grant eligibility is the first step before applying for EDG, PSG, or MRA. Many Singapore business owners hear about government grants but assume the eligibility process is complicated or that their business might not qualify. In reality, the core requirements across EDG, PSG, and MRA are fairly consistent, and most locally registered SMEs already meet the baseline criteria. Here's what actually matters.

The baseline requirements (all three grants)

Reviewing grant eligibility and funding data

Across EDG, PSG, and MRA, your business must be registered and operating in Singapore, have annual turnover below S$100 million or fewer than 200 employees, and maintain at least 30% local shareholding. If your business already meets this baseline, you're likely eligible for at least one of the three schemes depending on what you're trying to achieve.

Enterprise Development Grant (EDG)

EDG is meant for larger transformation projects rather than off the shelf tools. It supports Singapore registered companies undertaking projects to upgrade their business capabilities, innovate, or expand internationally, covering areas such as business strategy development, financial management, and service excellence, with funding support of up to 50% of qualifying project costs for SMEs.

Productivity Solutions Grant (PSG)

PSG is built for adopting pre approved digital tools and equipment rather than custom projects. The Productivity Solutions Grant helps businesses adopt pre approved IT solutions, equipment, and consultancy services, and is particularly popular among small businesses looking to digitalise. One important rule to know upfront, since it trips up a lot of first time applicants: PSG only covers solutions on the pre approved list, and the vendor must be an approved vendor at the time of application, not just at the time of purchase. Approving a solution after the fact is not possible, so this is one area where getting the paperwork right before you commit really matters.

Market Readiness Assistance (MRA)

MRA supports SMEs looking to expand overseas. Under Budget 2026, this scheme actually became more generous. Support increased to up to 70% of eligible costs for SMEs, up from the previous 50%, and the older requirement of targeting a new overseas market will also be removed, meaning businesses can now use the grant to deepen their presence in markets they are already in.

A timing note: the upcoming EDGE consolidation

Later this year, Enterprise Singapore is set to consolidate EDG, PSG, and MRA into a single streamlined framework called EDGE, allowing businesses to apply for funding covering capability development, digitalisation, and internationalisation through one application instead of three separate schemes. Until EDGE actually launches, EDG, PSG, and MRA remain fully accessible and accepting applications, so if you have a project ready to go, there's no reason to hold off.

Why apply now rather than wait

It's tempting to wait for EDGE assuming it might be simpler or more generous, but there's no guarantee the terms under EDGE will be more favourable than what's currently available. Applying under the existing frameworks means working with rules you already understand, rather than waiting on a system that hasn't launched yet.

Not sure which grant fits your business?

Eligibility depends on what you're trying to do, upgrade internally, adopt a digital tool, or expand overseas, so the right grant isn't always obvious without a proper look at your specific situation. HireWise offers a free eligibility check, no cost, no obligation, to help you figure out where you stand before committing to anything.

Contact us at admin@hirewise.sg or +65 8899 0840 to get started.