Starting or growing a business in Singapore often requires investment in technology, people, processes and market expansion. The good news is that eligible startups and SMEs may be able to access government support to reduce the cost of selected business projects.<\/span><\/p>\n For founders searching for startup grants in Singapore, understanding which scheme applies to your business is important. Grant eligibility, funding levels and application requirements can differ depending on the type of project you are undertaking.<\/span><\/p>\n This guide explains the key Singapore business grants for startups and SMEs in 2026, including the transition to the new EDGE Grant, and how professional firms such as WLP can help businesses prepare their financial information and digital accounting systems.<\/span><\/p>\n\n Startup and SME grants are government-supported funding schemes designed to encourage businesses to invest in areas such as digitalisation, productivity, innovation, capability development and international expansion.<\/span><\/p>\n Unlike a conventional business loan, a grant generally does not require repayment when the approved project is completed according to the relevant scheme requirements.<\/span><\/p>\n However, grants are not automatic funding. Businesses normally need to satisfy eligibility conditions and obtain approval before starting the supported project.<\/span><\/p>\n For example, Enterprise Singapore states that eligible businesses applying for the PSG must be Singapore-registered and operating businesses with at least 30% local equity, while also meeting the applicable SME size criteria.<\/span><\/p>\n\n One of the most important developments for Singapore businesses in 2026 is the introduction of the EDGE Grant.<\/span><\/p>\n The Productivity Solutions Grant (PSG), Enterprise Development Grant (EDG) and Market Readiness Assistance (MRA) are scheduled to cease accepting new applications on 29 September 2026. From 30 September 2026, businesses can apply under the EDGE Grant instead. Existing applications and approved projects under the earlier schemes continue to be handled according to their respective requirements.<\/span><\/p>\n EDGE consolidates business support across several areas, including:<\/span><\/p>\n\n Eligible SMEs can receive up to 70% support, depending on the specific activity, while the overall grant support can reach S$100,000 per company per year across supported activities.<\/span><\/p>\n Because grant conditions can change, founders should always verify the applicable scheme and support level before committing to a project.<\/span><\/p>\n\n The EDGE Grant is particularly relevant to businesses looking to improve their operations, adopt technology or build stronger capabilities.<\/span><\/p>\n It brings multiple areas of business support under one framework, allowing companies to select activities based on their current business priorities.<\/span><\/p>\n Potential areas include:<\/span><\/p>\n Automation and Digitalisation<\/strong><\/p>\n Businesses may explore technology that helps automate repetitive work, improve operational efficiency and strengthen access to business information.<\/span><\/p>\n For accounting teams, this can include moving from manual bookkeeping to cloud-based accounting systems and connected digital workflows.<\/span><\/p>\n Financial Management<\/strong><\/p>\n Better financial systems can help founders monitor revenue, expenses, cash flow and profitability more effectively.<\/span><\/p>\n A properly implemented cloud accounting platform can also make collaboration between business owners and accounting professionals easier.<\/span><\/p>\n Business Strategy<\/strong><\/p>\n Growing companies may require support to improve their strategic planning, operating model, internal processes or organisational capabilities.<\/span><\/p>\n Internationalisation<\/strong><\/p>\n Businesses planning to enter overseas markets may also explore support available for international expansion activities under the EDGE framework.<\/span><\/p>\n The exact eligible activities and funding percentages depend on the project, so businesses should check the latest Enterprise Singapore requirements before applying.<\/span><\/p>\n\n Although PSG is being replaced for new applications by EDGE from 30 September 2026, it remains relevant for businesses with projects that fall within the existing application window.<\/span><\/p>\n PSG supports eligible Singapore SMEs adopting pre-approved IT solutions and equipment intended to improve productivity.<\/span><\/p>\n Enterprise Singapore states that eligible SMEs can receive up to 50% support, subject to the applicable grant caps and solution requirements.<\/span><\/p>\n Common applications can include:<\/span><\/p>\n\n Businesses should check whether the specific solution and vendor are approved before proceeding.<\/span><\/p>\n PSG and Cloud Accounting<\/span><\/p>\n For startups and SMEs, accounting software can be an important part of digital transformation.<\/span><\/p>\n Cloud accounting can help businesses:<\/span><\/p>\n\n WLP provides cloud accounting and Xero-related services for Singapore businesses. WLP is also listed by Xero among its PSG-approved partners, making it relevant for businesses exploring supported Xero solutions.<\/span><\/p>\n\n The Enterprise Development Grant has traditionally supported Singapore businesses undertaking projects involving business transformation, innovation and market development.<\/span><\/p>\n EDG support can cover areas such as:<\/span><\/p>\n\n Enterprise Singapore states that EDG can support qualifying project costs such as third-party consultancy, software and equipment, and eligible internal manpower costs.<\/span><\/p>\n As with PSG and MRA, EDG will transition into the EDGE framework for new applications from 30 September 2026.<\/span><\/p>\n\n Startup SG Founder is designed specifically around first-time entrepreneurs developing innovative business ideas.<\/span><\/p>\n The programme combines funding support with mentorship through Accredited Mentor Partners.<\/span><\/p>\n It is therefore different from technology adoption grants such as PSG. Instead of simply funding a software purchase, the programme is intended to help qualifying founders develop innovative and scalable businesses.<\/span><\/p>\n Eligibility requirements can include criteria relating to:<\/span><\/p>\n\n Founders should check the current Startup SG requirements and participating Accredited Mentor Partners before applying.<\/span><\/p>\n\n Technology-driven startups may also want to investigate Startup SG Tech.<\/span><\/p>\n This programme is aimed at startups developing proprietary or deep-tech innovations and can provide non-dilutive support for qualifying technology development.<\/span><\/p>\n The programme distinguishes between proof-of-concept and proof-of-value stages, making it more relevant to technology startups developing and commercialising innovative solutions than to conventional service businesses.<\/span><\/p>\n\n Some businesses may also qualify for the SkillsFuture Enterprise Credit (SFEC).<\/span><\/p>\n SFEC is designed to help eligible employers invest in workforce transformation and selected enterprise development initiatives.<\/span><\/p>\n Rather than treating grants as isolated funding opportunities, businesses should consider how available support can fit into a broader plan covering technology, employee training and business transformation.<\/span><\/p>\n\n Requirements depend on the individual scheme, but common considerations include:<\/span><\/p>\n Singapore Registration<\/span><\/p>\n The business generally needs to be registered and operating in Singapore for Enterprise Singapore schemes.<\/span><\/p>\n Local Shareholding<\/span><\/p>\n Many schemes use a minimum local equity requirement. For example, PSG and EDG generally require at least 30% local equity for SME support.<\/span><\/p>\n SME Size<\/span><\/p>\n For PSG, Enterprise Singapore currently specifies group annual sales turnover of not more than S$100 million or group employment of not more than 200 employees.<\/span><\/p>\n\n One of the most important rules is timing.<\/span><\/p>\n Businesses should not assume they can spend first and claim the grant later. For PSG, for example, applicants must not have made payment or deposits relating to the supported solution before submitting the application.<\/span><\/p>\n Always confirm the specific requirements for the scheme you are applying for before signing contracts or making payments.<\/span><\/p>\n\n Although application procedures differ between schemes, a typical process looks like this:<\/span><\/p>\n Step 1: Identify Your Business Need<\/strong><\/p>\n Start with the project rather than the grant.<\/span><\/p>\n Ask what your business actually needs:<\/span><\/p>\n\n Step 2: Check Eligibility<\/strong><\/p>\n Review the relevant government requirements, including local ownership, company size, project scope and other conditions.<\/span><\/p>\n Step 3: Prepare Financial Information<\/strong><\/p>\n Accurate financial records can make it easier to prepare business information and demonstrate the company’s financial position.<\/span><\/p>\n This is where an accounting firm can be useful, particularly for startups that have not yet established strong bookkeeping and reporting processes.<\/span><\/p>\n Step 4: Obtain Quotations or Prepare a Project Proposal<\/strong><\/p>\n Depending on the scheme, you may need a quotation from an approved vendor or a detailed project proposal.<\/span><\/p>\n Step 5: Submit the Application<\/strong><\/p>\n Applications for Enterprise Singapore grants are generally managed through the Business Grants Portal.<\/span><\/p>\n Step 6: Wait for Approval Before Proceeding<\/strong><\/p>\n Do not assume that submitting an application means the project has been approved.<\/span><\/p>\n Check the Letter of Offer and applicable grant conditions before starting the supported activity.<\/span><\/p>\n Step 7: Complete the Project and Submit Your Claim<\/strong><\/p>\nWhat Are Startup Grants in Singapore?<\/b><\/h4>\n
Singapore Grant Changes in 2026: PSG, EDG and MRA Move to EDGE<\/b><\/h4>\n
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What Are the Basic Requirements for Singapore SME Grants?<\/b><\/h4>\n
Project Timing<\/b><\/h4>\n
How to Apply for a Startup Grant in Singapore<\/b><\/h4>\n
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