Skip to content

Posted on


Singapore is a hub for startups and small businesses, with a thriving entrepreneurial ecosystem. However, starting and growing a business can be an expensive and challenging endeavor, which is where government grants come into play. In this blog post, we’ll explore how Singaporean businesses can benefit from government grants.

Financial Assistance

One of the biggest benefits of government grants is the financial assistance it provides. There are several grants available, such as the Productivity Solutions Grant (PSG) and the Enterprise Development Grant (EDG), which provide financial assistance for businesses to adopt new technologies and improve productivity. This financial assistance can help small businesses stay afloat and thrive, especially during challenging economic times.

Access to Resources and Networks

Apart from financial assistance, government grants also provide access to resources and networks. For example, the Startup SG Founder programme helps first-time entrepreneurs with mentorship, resources, and networking opportunities. This can be especially beneficial for new businesses that may lack industry experience or connections. Government grants can also provide access to training programmes, which can help businesses upskill and improve their overall competitiveness.

Encourages Innovation

The Singaporean government is committed to fostering innovation and encouraging businesses to take risks. To this end, it has several grant programmes that encourage businesses to invest in research and development (R&D). The Research, Innovation and Enterprise 2020 (RIE2020) plan, for instance, is a government-led initiative that aims to build a knowledge-based and innovation-driven economy. By providing grants for R&D, the government is creating a culture of innovation and encouraging businesses to explore new ideas.

Improves Reputation

Finally, receiving government grants can improve a business’s reputation. Grants are typically awarded to businesses that have demonstrated potential, and being awarded a grant can be seen as an endorsement of a business’s capabilities. This can help businesses build credibility and improve their reputation in their respective industries.


Government grants can provide much-needed financial assistance, access to resources and networks, and encouragement for innovation. For Singaporean businesses, applying for government grants is a great way to improve their chances of success and stand out in a competitive market. By leveraging government grants, businesses can take advantage of the resources available to them and achieve their goals faster and more efficiently.