Market Readiness Assistance Grant (MRA)
Market Readiness Assistance Grant (MRA)
Empowering Business Synergy in Indonesia
Join the ranks of successful brands like Love, Bonito.
Expand to Indonesia
Discover Lucrative Opportunities In Indonesia With Bizsquare!
- Have you achieved success in the Singapore market but are hungry for more growth and opportunities?
- Do you recognize the immense market demand for your products or services in Indonesia?
Connect Your Business To Opportunities In Indonesia
Leverage our expertise and experience to establish a strong local presence and build key partnerships for success in Indonesia. Our business matching and market entry services provide valuable insights and strategic guidance to position your business for success.
Expand your horizons!
Take the leap into the Indonesian market with confidence.
Benefits Of Expanding To Indonesia
- Diversification of revenue streams in a rapidly growing market
- Leverage on the “Singapore” brand premium and enhance your brand
- Optimize your cost structure and achieve greater profitability.
the wall or redefining the problem.”
– Tim Cook
4th largest consumer market
( 277~ million)
Upper-middle income country
GDP per capita of US$4,200 in 2022 with a forecasted population of 135 million by 2030
3rd fastest growing economies in the G20
Real GDP growth projection 2023 4.8%
Young Demographic
Over 60% are of working age
We understand that navigating a new market can be daunting, but with our expertise…
Say goodbye to uncertainty And…
HELLO to growth!
EXPERT GUIDANCE
AND SUPPORT
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Management Consulting (PMC) Leadership
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Comprehensive market insights and analysis
SOLID INDONESIA & SINGAPORE TEAM
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Dedicated Local Support
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In-depth knowledge
regulatory landscape
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WELL-DIVERSED EXPERTISE WITH NICHE SPECIALIZATION
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Industry-specific support and guidance
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Tailored matching solutions
CATERED TO SME
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seeking growth beyond
Singapore
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Streamlined process to save you time and resources
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MRA Grant application advisory
MRA Grant
The Market Readiness Assistance (MRA) Grant Singapore is designed to assist small and medium enterprises (SMEs) with funding for eligible costs incurred during overseas business development, helping you overcome financial barriers and maximize growth opportunities.
The Market Readiness Assistance (MRA) Grant Singapore stands as a testament to the nation’s commitment to nurturing its enterprises into global contenders. Tailored to cater to the unique challenges of international expansion, the MRA Grant offers a comprehensive package of support, encompassing financial aid, strategic guidance, and valuable market insights. Through this initiative, eligible businesses gain the means to conduct feasibility studies, attend international trade fairs, and forge crucial partnerships, all of which are instrumental in propelling their products and services onto the international stage. By alleviating the financial barriers associated with market entry, MRA empowers Singaporean companies to venture into new territories, diversify revenue streams, and establish a formidable presence in the global marketplace, ultimately contributing to the nation’s economic vibrancy and prominence on a global scale.
The grant is up to 50% of eligible costs incurred for overseas business development (capped at $50,000).
Bizsquare Business Matching
Let Us Be Your Trusted Partner In Unlocking Your Success.
EFFICIENT TARGETING
Connect with Bizsquare curated list of pre-screened partners or clients who align with your business objectives, saving time and effort.
EXPANDED NETWORK
Connect with industry players and experts,opening doors to new opportunities and collaborations
INCREASED SUCCESS RATE
Find mutually beneficial partnerships and increase the success rate of your business endeavors.
Filing and registration
of representative offices
and other legal agreements
MARKET ENTRY
Equity entity, intellectual
property search, license
application
Import & export license
application
Conducting market research
BUSINESS MATCHING
Connecting synergistic
collaborations
Facilitating negotiation
for collaboration
Frequently Asked Questions
Eligibility criteria for the MRA Grant include
- Business entity registered and operating in Singapore
- Company has at least 30% local equity held directly or indirectly by Singaporean(s) and/or Singapore PR(s), determined by the ultimate individual ownership
- New to target overseas market
- The company’s annual sales in the target market must not have exceeded S$100,000 in any of the preceding three years
- Company has a Group Annual Sales Turnover not exceeding S$100 million OR a Group employment size not exceeding 200 employees
Companies have the flexibility to engage their preferred consultants or service providers.
There are no pre-approved vendors for this grant (except those on EnterpriseSG’s list of FTA and Trade Compliance consultants).
All MRA claims are subject to audit, by an auditor from EnterpriseSG’s Pre-Qualified Panel.
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Because we deliver.
Every time.
Our Singapore Office
+65 9183 4413
admin@bizsquare.com.sg
62 Ubi Road 1,
Oxley Bizhub 2 #08-06,
Singapore 408734
Our Indonesia Office
+62 812 8141 0495
