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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

INTRODUCTION

Discover Lucrative Opportunities In Indonesia With Bizsquare!

Market Readiness Assistance Grant (MRA) | 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

Bizsquare is your gateway to expanding into the thriving Indonesian market.

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.
INDONESIA IS A THRIVING MARKET FULL OF UNTAPPED POTENTIAL

Benefits Of Expanding To Indonesia

Market Readiness Assistance Grant (MRA) | Bizsquare
  • 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.
“You can focus on things that are barriers or you can focus on scaling
the wall or redefining the problem.”
– Tim Cook

4th largest consumer market

( 277~ million)

Market Readiness Assistance Grant (MRA) | Bizsquare

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

WHY BIZSQUARE
Expanding your Singapore SME to Indonesia? Don’t navigate the market alone.

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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Certified Practicing
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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Navigate any cultural barriers and build strong relationships with local stakeholders.
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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

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CATERED TO SME


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Tailored solutions for SMEs
seeking growth beyond
Singapore

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Streamlined process to save you time and resources

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MRA Grant application advisory

ABOUT MRA

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).

Market Readiness Assistance Grant (MRA) | Bizsquare
Market Readiness Assistance Grant (MRA)

Bizsquare Business Matching

Market Readiness Assistance Grant (MRA) | Bizsquare
OUR SERVICES

Let Us Be Your Trusted Partner In Unlocking Your Success.

With our expertise and support, you can leave the guesswork behind and you can navigate the complexities of entering Indonesia with confidence. Let’s work together and make your expansion dreams a reality.
Market Readiness Assistance Grant (MRA) | Bizsquare

EFFICIENT TARGETING

Connect with Bizsquare curated list of pre-screened partners or clients who align with your business objectives, saving time and effort.

Market Readiness Assistance Grant (MRA) | Bizsquare

EXPANDED NETWORK

Connect with industry players and experts,opening doors to new opportunities and collaborations

Market Readiness Assistance Grant (MRA) | Bizsquare

INCREASED SUCCESS RATE

Find mutually beneficial partnerships and increase the success rate of your business endeavors.

Market Readiness Assistance Grant (MRA) | Bizsquare

Filing and registration
of representative offices
and other legal agreements

MARKET ENTRY

Market Readiness Assistance Grant (MRA)

Equity entity, intellectual
property search, license
application

Market Readiness Assistance Grant (MRA) | Bizsquare

Import & export license
application

Market Readiness Assistance Grant (MRA) | Bizsquare

Conducting market research

BUSINESS MATCHING

Connecting synergistic
collaborations

Facilitating negotiation
for collaboration

FAQ

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
The MRA Grant provides funding for eligible costs incurred during overseas business development, helping you overcome financial barriers and maximize growth opportunities.
The MRA Grant can cover various costs related to market entry, market promotion, and overseas business development, such as business matching, market assessment, marketing collateral development, and participation in overseas trade fairs.
You can apply for the MRA Grant through the official Enterprise Singapore website. Prepare the necessary documents and submit your application online.
The processing time for MRA Grant applications varies.
Yes. However, there are no pre-approved vendors for this grant (except those on EnterpriseSG’s list of FTA and Trade Compliance consultants).
The MRA Grant can cover up to 50% of eligible costs, with a maximum funding amount capped at $50,000 per company per fiscal year per new markets.
Yes, you can still apply for the MRA Grant even if you have already started your operations in Indonesia, as long as the company’s annual sales in the target market must not have exceeded S$100,000 in any of the preceding three years

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.

READY TO EXPAND YOUR BUSINESS TO NEW HORIZONS? LOOK NO FURTHER! OUR MARKET SPECIALISTS ARE HERE TO HELP YOU

Want to work with the Business Consultant who doesn't get paid until we deliver results?

We're the company you don't want your competitors to work with.

Because we deliver.

Every time.

Our Singapore Office

phone no

+65 9183 4413

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admin@bizsquare.com.sg

email

62 Ubi Road 1,
Oxley Bizhub 2 #08-06,
Singapore 408734

Our Indonesia Office

phone no

+62 812 8141 0495

email

The Plaza Office Tower, 41st Floor
Jl. MH. Thamrin Kav. 28-30
Jakarta Pusat 10350, Indonesia

Get in touch with us.

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