Looking for Government Assistance for your business?
In a few quick steps, the Smart Advisor will guide you to the government assistance relevant to your business needs
Claimable Services and Financial Support
Astreem has helped many of our clients expand their businesses overseas and locally through our various platforms and initiatives. The broad categories of these activities are overseas market set up, market promotion, business matching and business development.
It is vital that with the financial grants and assistance, you are engaging the right partner that shares your vision and sets out to achieve the overall intent of these initiatives, which is to grow Singapore brands.
The possibility of expanding overseas gives SMEs new opportunities and targets to accelerate their company to greater levels of success. With the combination of the right partner, experienced advice, effective brand promotion and IE Singapore’s financial assistance, the potential for our Made in Singapore’s brands to succeed in the global arena becomes very real.
The ICV can be used to strengthen and troubleshoot core business operations through consultancy in the areas of innovation, productivity, human resources and financial management.
Astreem is a SPRING certified and qualified third-party consultancy provider.
Ready for the next phase of growth? Leverage on our expertise and scope and take the first step towards the capability development of your business.
Find out more about the development of your business capabilities through ICV at [email protected].
There are many areas to consider for business owners committed to building Excellent Franchise Organizations. Some of the invaluable tools that defines a robust franchise systems are well drafted SOP Manuals, established Intellectual Property, as well as effective business strategies and innovations.
The CDG grant encourages and support businesses to build on their capabilities through development of these key areas.
Find out how Astreem can assist in your business development.
International Enterprise (IE) Singapore’s Market Readiness Assistance (MRA) Grant Program
The MRA grant supports companies and enterprises that are based in Singapore by financing part of the necessary costs in entering foreign markets. These pre-determined activities include identification of business partners, overseas market research, promotion, as well as IP and legal documentation through a third-party vendor.
IE Singapore co-finances up to 70 percent (70%) of the qualified expenses for the activities outlined under the MRA Grant Program, covering up to $20,000 per enterprise per annum, with the maximum period of project support not greater than six months.
Companies can apply for up to two (2) applications per year. To be qualified for the financial support, the company’s global head office must be located and based in Singapore, with a yearly turnover of less than S$100 million.
Innovation & Capability Voucher (ICV)
The Innovation & Capability Voucher (ICV) is a simple to apply, easy-to-use voucher valued at S$5,000, to encourage businesses to develop their capabilities.
Each SME is entitled to a maximum of 8 vouchers. Each ICV project must be completed before the submission of a new application. The duration of each project should not exceed six months.
Capability Development Grant (CDG)
The grant defray up to 70 percent of qualifying project costs such as consultancy, training, certification and equipment costs. You can take on large scale upgrading projects in areas like increasing productivity, process improvement, product development and market access.
The CDG helps you build capabilities across 10 key business areas, supporting a wide range of initiatives to help you grow your business locally and globally.
Applying and Claiming for the MRA Grant Program
Request a cost quotation from the third party professional you would like to appoint
Download and fill up the MRA Application Form from the IE website, or log on to the Business Grant Portal with your CorpPass to make your application
Send your completed Form, Quotation and the relevant supporting documents to IE via email or post within 3 months of the project support period.
Await the Letter of Offer from IE before signing and commencing the project with the third party professional.
The approved grant amount will be credited directly into the company’s bank account.