GOVERNMENT GRANTS

There are many government grants available in Singapore to help SMEs to expand their business in many areas of their operations.

It is very important for all interested business to understand that most government grants is on a reimbursement basis.

In Acel Venture, it is our pleasure to assist your company to apply suitable grants for your company’s needs to defray qualifying costs. The following expenditure are areas which could qualify for grant applications-

1) Developing or rebranding your business
2) Introducing new technology/innovation to upgrade your work processes
3) Intellectual Property & Franchise Development
4) Human Capital Development costs
5) Productivity improvements via importing of automation for business expansion
6) Expansion outside of Singapore
7) Enhancing quality and standards like ISO application
8) Brand and Marketing Strategy Development

Eligibility criteria for government funding-
-30% – 100% of your shareholding is local Singaporean/SPR and
-you have 0 – 200 employees* OR
-your annual sales turnover is not more than S$100 million*
* Computed on a group basis, i.e. checking all levels up for corporate shareholders holding more than 50% of the total shareholding in your company and any subsequent corporate parent, and all levels down where your company owns more than 50% of shareholding in a subsidiary company.

Should you have any queries please feel free to contact us at (65) 6633 7063 or email us at rita@acelventure.com.sg

All correspondences are kept strictly private and confidential.