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Introduction to the Enterprise Innovation Scheme (EIS)

The Enterprise Innovation Scheme (EIS) is a key initiative introduced in Singapore’s Budget 2023 to boost innovation and encourage companies to invest in Research and Development (R&D). Running from Year of Assessment (YA) 2024 to YA 2028, it offers businesses the choice between enhanced tax deductions or a direct cash payout for qualifying expenditures.

For many startups and SMEs, the EIS Cash Payout for R&D in Singapore provides immediate cash flow relief, with businesses able to claim up to S$20,000 annually. This makes it easier to sustain innovation while awaiting profitability.

However, the scheme comes with strict definitions, conditions, and compliance requirements. Many companies therefore rely on experts like FI Group Singapore, specialists in R&D tax incentives, to maximize benefits while staying compliant.

Scope of Activities Covered Under the EIS

The EIS goes beyond R&D, supporting five key innovation categories:

• Qualifying R&D activities performed in Singapore.
• Registration of Intellectual Property (IP) such as patents and trademarks.
• Acquisition and licensing of IP rights.
• Employee training under government-approved courses.
• Innovation projects with polytechnics, ITE, or approved innovation partners.

📌 FI Group’s Role: FI Group helps businesses identify which expenditures across these categories qualify, ensuring companies can confidently claim benefits.

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Understanding Qualifying R&D Under Section 14D ITA

Definition and Criteria for Qualifying R&D Projects

Not every project labeled as R&D qualifies. Under Section 14D of the Income Tax Act (ITA), projects must meet three conditions:

1. Objective – Develop new knowledge, products, or processes.
2. Novelty or Technical Risk – Involves uncertainty that isn’t easily solved by existing knowledge.
3. Systematic, Investigative, and Experimental (SIE) Study – Requires structured testing and experimentation.

Excluded Activities That Do Not Qualify

Excluded activities include:

• Market surveys and consumer testing.
• Routine quality control.
• Cosmetic modifications.
• Social sciences or humanities research.

Types of Eligible R&D Expenditures

Businesses can claim deductions on:

• Staff costs directly engaged in R&D (excluding directors’ fees).
• Consumables used in testing or prototyping.
• Outsourced R&D costs, where 60% of contract value typically qualifies.

📌 FI Group Advantage: Many firms overlook eligible costs. FI Group ensures full cost recovery by reviewing technical and financial records to uncover all claimable expenses.

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EIS Tax Benefits: Deductions vs. Cash Payout

• 400% Enhanced Tax Deductions: Businesses enjoy 400% tax deductions on the first S$400,000 of R&D costs per YA, lowering taxable income significantly.
• EIS Cash Payout Option: Companies can convert up to S$100,000 in R&D expenses into a 20% non-taxable cash payout, capped at S$20,000 per YA.

When to Choose Each Option

• Tax deductions → better for profitable companies.
• Cash payout → better for loss-making businesses or startups needing cash flow.

📌 FI Group Insight: FI Group runs financial modeling to advise whether deductions or payouts maximize a company’s overall savings.

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Eligibility Criteria for EIS Cash Payout

To qualify for the EIS cash payout, businesses must:

• Be actively trading in Singapore.
• Employ at least 3 full-time local staff earning at least S$1,400/month.
• Incur at least S$400 in qualifying expenditure.

Companies in liquidation or receivership are not eligible.

📌 FI Group Expertise: FI Group ensures businesses meet IRAS’s eligibility conditions to avoid rejection.

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Application Process for the EIS Cash Payout

1. Tax Filing: Submit Form C/C-S with R&D claims.
2. IRAS myTax Portal: Apply for the cash payout after tax filing.
3. Attach Documentation: Upload R&D claim forms and project details.
4. Processing: IRAS disburses approved payouts within ~3 months.

📌 Why Work with FI Group? FI Group’s consultants prepare technical reports and claim files that stand up to IRAS audits, reducing the risk of disputes.

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Compliance and Record-Keeping Requirements

Businesses must:

• Keep records for 7 years, including payrolls, invoices, and test data.
• Demonstrate how projects meet R&D criteria.
• Avoid double claiming (cannot claim deduction and payout on same expenditure).

📌 FI Group’s Compliance Advantage: FI Group builds a documentation framework for clients, ensuring audit-readiness and full compliance.

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Updates and Changes Since Budget 2023

• EIS launched in YA 2024 with 400% deductions.
• Cash payout option reinstated at 20% conversion rate.
• R&D concession (non-trade related R&D) extended to YA 2028.
• New Innovation Project category added for polytechnic and ITE collaborations.

📌 FI Group Advisory Role: FI Group keeps businesses updated on IRAS policy changes, ensuring continuous eligibility.

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How FI Group Can Help You Maximize EIS Benefits

The EIS is highly beneficial but complex. Missteps can result in rejected claims or lost savings. FI Group Singapore helps businesses:

• Identify qualifying R&D projects under Section 14D ITA.
• Prepare audit-ready documentation.
• Optimize between cash payouts and deductions.
• Combine EIS with other government grants for maximum benefit.

With over 18,000 clients worldwide, FI Group is a trusted partner in maximizing innovation funding.

👉 Learn more: FI Group R&D Tax Incentives

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FAQs on Enterprise Innovation Scheme (EIS) Cash Payout

Question	Answer
Who can apply for the EIS Cash Payout?	Any business with active operations in Singapore, at least 3 local employees, and qualifying expenditures.
What is the maximum cash payout per year?	S$20,000 per YA, based on converting S$100,000 in qualifying expenses.
Can a company claim both deductions and cash payout?	No. Businesses must choose one option per expenditure.
How long does it take to receive the payout?	Typically 3 months after filing via IRAS myTax Portal.
What documentation is required for R&D claims?	Invoices, payroll records, experiment logs, and the IRAS R&D Claim Form.
Does outsourced R&D qualify under the EIS?	Yes, usually 60% of outsourcing costs qualify unless higher direct R&D costs are proven.

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Conclusion

The Enterprise Innovation Scheme (EIS) Cash Payout for R&D in Singapore is a powerful funding tool for innovation-driven businesses. By providing 400% tax deductions and a cash payout option, it supports both established companies and early-stage startups.

Yet, the rules are complex, and compliance is critical. Partnering with FI Group Singapore ensures that businesses not only remain compliant but also maximize every dollar of funding available.

👉 Take the next step with FI Group’s R&D Tax Incentive Services and unlock the full potential of the EIS.

The Singapore R&D Assurance Framework is a tax compliance initiative launched by the Inland Revenue Authority of Singapore (IRAS) in June 2022. It was designed to provide businesses with upfront certainty on the tax deductibility of their R&D expenditures.

Unlike traditional filing, where claims are validated only after submission, the framework front-loads the process by evaluating projects before tax returns are filed. This helps reduce the risk of disputes, strengthens corporate tax compliance, and allows companies to plan their innovation investments with confidence.

The framework replaces the limited Pre-Claim Scheme (PCS)—which applied only to projects above S$15 million—with a broader and more practical system. It now covers multiple projects and offers three consecutive Years of Assessment (YAs) of upfront assurance.

Why the R&D Assurance Framework Matters

• Streamlining R&D Tax Incentives

The framework makes Singapore’s R&D tax incentives more predictable. Instead of waiting for IRAS audits, companies know upfront if their projects qualify.

• Reducing Compliance Risks

By aligning company governance with IRAS’s standards early on, firms reduce the risk of rejected IRAS R&D claims or costly disputes after filing.

Key Features of the Framework

• Upfront Evaluation – IRAS reviews a sample of at least 5 or 20% of projects for technical compliance.
• Multi-Year Certainty – Approved companies enjoy 3 years of tax assurance.
• Defined Timeline – Applications must be submitted 9 months before filing deadlines.
• Ongoing Monitoring – IRAS conducts sample checks in subsequent years to ensure compliance.

Who Can Apply?

To qualify under the Singapore R&D Assurance Framework, companies must:

• Have at least 5 in-house R&D projects conducted in Singapore.
• Spend at least S$500,000 in qualifying R&D expenditure.
• Demonstrate robust documentation and internal governance.

Qualifying R&D expenditures include salaries of researchers, consumables, and certain outsourced R&D costs aligned with Singapore’s corporate tax compliance rules.

The Application Process

1. Self-Assessment – Check eligibility and ensure projects meet IRAS’s R&D definition.
2. Application Submission – File at least 9 months before tax deadlines.
3. IRAS Project Sampling – IRAS selects 5 or 20% of projects for evaluation.
4. Detailed Submission & Clarifications – Provide technical documentation and attend meetings.
5. IRAS Decision – Receive approval (3 years of assurance) or feedback for reapplication.
6. Ongoing Compliance – Sustain governance and respond to annual sample checks.

Challenges Companies Face

• Documentation Burden – Extensive reports, test logs, and expense tracking are required.
• Eligibility Barriers – Smaller firms may not meet the 5 projects / S$500k threshold.
• Defining R&D Activities – Some projects fall into grey areas under tax law.
• Sustained Compliance – Maintaining standards for 3 years requires effort.

How FI Group Singapore Can Help

The framework is powerful, but navigating it can be resource-intensive and technically complex.

At FI Group Singapore, we support businesses at every step of the process:

• Assessing eligibility under Singapore’s R&D tax incentives.
• Preparing robust applications for IRAS R&D claims.
• Guiding companies through IRAS meetings and clarifications.
• Building internal systems for long-term compliance.
• Maximizing allowable R&D tax deductions.

👉 Discover how we can streamline your journey: R&D Tax Incentives – FI Group Singapore.

Benefits of the R&D Assurance Framework

• Upfront Tax Certainty – Less risk of disallowed claims.
• Encourages Innovation Funding – Companies can plan R&D projects with confidence.
• Global Competitiveness – Strengthens Singapore’s role as an innovation hub.

Conclusion

The Singapore R&D Assurance Framework represents a forward-thinking approach to corporate tax compliance in innovation. It aligns the interests of both businesses and the tax authority by encouraging strong governance, truthful IRAS R&D claims, and rewarding participants with multi-year certainty.

While challenges like heavy documentation and sustained compliance exist, these are manageable with expert support. External advisors such as FI Group Singapore can bridge gaps, ensuring businesses maximize their R&D tax incentives while staying compliant.

As the framework evolves, one principle remains constant: trust through verification. Companies that prepare well and adopt best practices can turn this compliance initiative into a strategic advantage, securing their R&D benefits while contributing to Singapore’s innovation-driven economy.

 

FREQUENTLY ASKED QUESTIONS

Question	Answer
What is the Singapore R&D Assurance Framework?	It’s an initiative by IRAS that provides upfront tax certainty for qualifying R&D tax deductions.
Who can apply?	Companies with 5+ projects and S$500,000 qualifying spend.
How long does it take?	The review typically takes 9 months.
Does approval cover all claims?	Not entirely, IRAS still performs annual sample checks.
What happens if rejected?	Companies get feedback and may reapply after improving documentation.
Can SMEs apply?	Yes, though many may struggle with thresholds under current rules.

 

Looking to scale your fintech innovation in Singapore? The Monetary Authority of Singapore (MAS) has offers the Financial Sector Technology and Innovation Scheme (FSTI 3.0) to co-fund cutting-edge projects in AI, ESG, quantum tech, and more. Here’s what fintechs and financial institutions need to know to tap into this opportunity. 

 

What Is FSTI 3.0? 

The Financial Sector Technology and Innovation Scheme (FSTI 3.0) is a strategic initiative by MAS to accelerate the adoption of advanced technologies in Singapore’s financial sector. With a budget of S$150 million, FSTI 3.0 supports innovation across five key tracks, helping fintechs align with regulatory standards while driving measurable outcomes. 

 

Key Grant Tracks Under FSTI 3.0

Innovation Acceleration Track

• Focus: Web 3.0, digital assets, and emerging technologies 
• Support: Open calls for real-world use cases 
• Goal: Encourage industry collaboration and commercialization of fintech solutions

 

Artificial Intelligence and Data Analytics (AIDA) Track

• Focus: AI adoption for fraud detection, risk management, and operational efficiency 
• Funding: Up to 50% of qualifying costs 
• Highlights: Establishment of AI innovation centers, Development of high-impact AI models , Secure, privacy-preserving data exchange, Workforce upskilling in AI and data science.

 

Quantum Technology Track

• Focus: Quantum computing and cybersecurity innovation 
• Support: Quantum technology centers , Institutional use cases , Pilots using post-quantum cryptography and quantum key distribution. 
• Funding: Up to 50% co-funding for eligible expenses

 

ESG FinTech Track

• Focus: Environmental, Social, and Governance (ESG) data and analytics 
• Funding: Up to 50% of qualifying costs, capped at S$500,000 
• Goal: Promote responsible innovation and transparency in sustainable finance

 

Enhanced Centre of Excellence (CoE) Track

• Focus: Corporate Venture Capital (CVC) support for fintech startups 
• Funding: Up to 50% of project costs, capped at S$2 million 
• Goal: Strengthen the fintech ecosystem through mentorship and sustainable business models

 

Why This Matters for Fintechs in Singapore 

Singapore is positioning itself as a global fintech and innovation hub, and FSTI 3.0 is a powerful tool to: 

• Accelerate product development 

• De-risk innovation through co-funding 

• Align with national priorities in AI, ESG, and quantum tech 

• Build credibility with regulators and investors 

 

Need Help Navigating FSTI 3.0? 

At FI Group Singapore, we specialize in helping fintech companies: 

• Identify the right grant track 

• Prepare compelling applications 

• Maximize funding and tax incentives 

📩 Contact us today for tailored support and expert guidance. 

Innovation is the engine of growth, and in Singapore, it’s backed by a powerful ecosystem of government grants designed to help companies develop new technologies, commercialise R&D, and expand globally. Whether you’re a startup building a prototype or an SME scaling a deep tech solution, there’s funding available to support your journey. 

Here’s a breakdown of the most impactful innovation and R&D grants available in Singapore, and how FI Group can help you secure them. 

 

1. ENTERPRISE DEVELOPMENT GRANT (EDG)  

Best for: SMEs upgrading capabilities, innovating processes, or expanding overseas. 

The EDG supports projects under three strategic pillars: 

• Core Capabilities (e.g. strategy, branding, HR) 

• Innovation & Productivity (e.g. automation, product development) 

• Market Access (e.g. internationalisation) 

Funding: Up to 50% of eligible costs (up to 70% for sustainability-related projects)
Duration: Typically up to 2 years
Key Benefit: Versatile and applicable across industries 

Learn more about EDG 

 

2. STARTUP SG TECH  

Best for: Early-stage tech startups developing proprietary innovations. 

This grant supports: 

• Proof-of-Concept (POC): To test technical viability 

• Proof-of-Value (POV): To validate commercial potential 

Funding: Up to SGD 400,000 (POC) or SGD 800,000 (POV)
Equity Component: EnterpriseSG may subscribe to shares worth up to 50% of the grant
Duration: Up to 24 months
Key Benefit: High support for deep tech with commercial potential 

Explore Startup SG Tech 

 

3. RESEARCH AND INNOVATION SCHEME FOR COMPANIES (RIS(C))  

Best for: Companies investing in advanced R&D and building in-house innovation capabilities. 

RIS(C) supports: 

• Development of new technologies 

• Establishment of R&D centres 

• Capability building in science and engineering 

Funding: Up to 30% of qualifying costs (up to 60% for local manpower)
Duration: Up to 3 years
Key Benefit: Ideal for companies scaling long-term R&D infrastructure 

Learn more about RIS(C) 

 

4. SECTOR-SPECIFIC INNOVATION GRANTS

Best for: Companies in regulated or high-impact industries such as fintech, maritime, food, construction, and sustainability. 

Singapore offers a diverse portfolio of grants tailored to specific sectors and national priorities. 

Want to explore all available grants by sector, company size, or innovation type? 

Browse All Grants 

 

WHY WORK WITH FI GROUP?  

Applying for innovation grants is competitive. FI Group Singapore provides end-to-end support to ensure your funding journey is smooth, compliant, and successful. 

Our grant services include:  

• Roadmap Analysis: We break down your R&D roadmap into distinct projects and work packages to maximise eligibility and grant coverage. 

• Grant Mapping & Matching: We identify and rank the most relevant current and upcoming grant opportunities aligned with your innovation pipeline. 

• Grant Application & Management: From crafting strong, compliant applications to managing submissions and timelines, we guide you every step of the way. 

• Post-Management Support: We support you beyond approval, ensuring compliance, reporting, and successful project delivery. 

With over 20 years of experience and a global presence, FI Group is your strategic partner in innovation funding. 

Talk to us today for a free consultation. 

How can Singaporean Companies future-proof their teams for innovation? In a landscape shaped by rapid technological change, upskilling is no longer optional; it’s a strategic imperative for every sector from manufacturing and electronics to healthier, green industries to fintech. Here’s why investing in your people is key to staying ahead, and how Singapore’s latest government initiatives make it easier than ever. 

Why Is Upskilling Essential for Innovation? 

• Technological disruption is accelerating. Industry 4.0, AI, automation, and digitalization are transforming job roles and business models across manufacturing, electronics, logistics, and more. Companies that invest in upskilling build resilience and adaptability, enabling their teams to embrace new tools and drive innovation. 

• Closing the skills gap fuels growth. As new technologies emerge, demand for specialized skills outpaces supply. Upskilling programs help close this gap, ensuring your workforce remains competitive and ready to seize new opportunities. 

• Employee engagement and retention improve. Companies that prioritize learning and career development see higher productivity, satisfaction, and retention rates, all of which are crucial for long-term innovation. 

 

What Government Support Exists for Workforce Upskilling in Singapore? 

Singapore’s government offers a robust suite of grants and programs to help companies of all sizes and sectors transform their workforce for the future: 

1. NTUC Company Training Committee (CTC) Grant  

The CTC Grant supports companies that form a Company Training Committee to co-develop transformation plans with NTUC. It funds initiatives that improve both business capabilities and worker outcomes. 

Key Features: 

• Up to 70% funding for qualifying costs 

• Covers training, consultancy, equipment, and software 

• In-house training funded at $9/hour 

• External non-SSG-supported courses funded up to 70% 

 

Eligibility: 

• Must be legally registered in Singapore 

• Must have an established CTC 

• Government entities and subsidiaries are not eligible 

Learn more about the CTC Grant here.  

 

Key Takeaways 

Workforce upskilling is the foundation of innovation across all sectors in Singapore. With generous government funding, tailored programs, and national commitment to lifelong learning, now is the time for businesses to invest in their people, and secure their place at the forefront of the innovation economy.  

If you need guidance on navigating these schemes contact FI Group Singapore for expert support.  

 

Singapore’s Financial Sector Is Evolving, And AI Is Leading the Way 

The Monetary Authority of Singapore (MAS) has released its 2024/25 Annual Report, outlining a bold vision for the future of finance. With a strong emphasis on AI adoption, digital resilience, and sector-wide innovation, MAS is setting the stage for a smarter, safer, and more competitive financial ecosystem. 

At FI Group Singapore, we see this as a strategic opportunity for financial institutions to leverage innovation funding and AI transformation to stay ahead of the curve. 

 

AI Adoption: From Vision to Execution 

MAS is actively fostering responsible AI adoption across the financial sector through: 

• Upskilling the workforce to integrate AI into daily operations 

• Launching PathFin.ai, a pathfinder programme to guide FIs in their AI journeys 

• Issuing supervisory guidance to manage risks associated with AI use 

These initiatives align with FI Group’s core mission: helping companies access R&D tax incentives and public funding to scale innovation responsibly. Whether you’re building AI models or deploying intelligent automation, we help you fund it strategically. 

 

Digital Resilience & Quantum-Safe Security 

MAS is also investing in quantum-safe cybersecurity trials, a forward-looking move to protect digital financial services from future threats. In parallel, MAS is working with banks to introduce stronger safeguards against scams, reinforcing trust in Singapore’s financial infrastructure. 

FI Group supports firms exploring cybersecurity innovation by identifying eligible funding schemes and ensuring compliance with evolving regulations. 

 

Sector Growth Signals Innovation Potential 

Singapore’s financial sector continues to thrive: 

• Assets Under Management (AUM) grew 12.2% YoY, surpassing S$6 trillion 

• Robust performance across banking, insurance, and wealth management 

• Singapore remains a trusted global wealth hub, backed by strong regulatory standards 

This growth presents a fertile ground for AI-driven transformation, and FI Group is here to help financial institutions capitalize on it through strategic funding and innovation planning. 

 

Accessing MAS Grants to Accelerate Innovation 

To support the financial sector’s transformation, MAS offers a suite of targeted grants under the Financial Sector Technology and Innovation (FSTI) scheme. These grants are designed to catalyze AI adoption, ESG integration, and quantum-safe innovation. Key categories include: 

• AI & Digital Innovation: The FSTI 3.0 scheme supports large-scale technology projects that enhance competitiveness and drive digital transformation across financial institutions. 

• Sustainable Finance: The FSTI ESG Grant encourages the development of solutions that embed environmental, social, and governance (ESG) principles into financial services. 

• Quantum-Safe Technologies: MAS’ FSTI Quantum Track includes funding for institution-level and industry-wide innovation projects, the establishment of quantum technology centres, and the development of advanced cybersecurity solutions. 

At FI Group Singapore, we help financial institutions identify the most relevant MAS grants, craft compelling applications, and ensure compliance throughout the funding lifecycle. Whether you’re launching an AI pilot, building ESG-aligned solutions, or exploring quantum innovation, we’re here to unlock your funding potential. 

SPEAK TO OUR EXPERTS

On July 3, 2025, Singapore and the United Kingdom convened in London for the 10th UK-Singapore Financial Dialogue, reaffirming their commitment to deepening cooperation across key areas of financial innovation. This milestone event signals a growing alignment between two global financial hubs, one that presents new opportunities for businesses operating at the intersection of technology, finance, and sustainability.

At FI Group Singapore, we see this dialogue as a strategic moment for companies seeking to innovate, expand, and leverage public support mechanisms. Here’s what you need to know.

 

AI in Financial Services: From Showcase to Strategy

One of the most notable outcomes of the dialogue was the launch of the FCA-MAS AI Innovation Showcase. This initiative aims to spotlight cross-border AI solutions in financial services, with a focus on:

• Responsible AI adoption
• Regulatory frameworks
• Sharing best practices between jurisdictions

For businesses developing AI-driven financial tools, this collaboration offers a pathway to international exposure and regulatory clarity. It also lays the groundwork for future funding programs and innovation sandboxes that could support AI development in both markets.

Tokenisation and Digital Assets: Building the Infrastructure

The dialogue also emphasized continued collaboration on asset tokenisation, particularly through initiatives like Project Guardian. Working with industry bodies such as the UK Investment Association and the Investment Management Association of Singapore, regulators are exploring investor-focused use cases for tokenised assets.

This signals a maturing regulatory environment that supports digital asset innovation, an area where businesses may soon benefit from targeted incentives or pilot programs.

Sustainable Finance: Aligning with Global Standards

Sustainability was another key theme. Singapore shared updates on the Singapore-Asia Taxonomy, while the UK highlighted its work on transition finance and climate risk regulation. Both countries expressed support for the phased adoption of ISSB standards for sustainability disclosures.

For companies aligning with ESG goals, this regulatory convergence could unlock access to green finance schemes, tax incentives, and preferential funding.

What This Means for Innovation-Driven Businesses

While no specific grants or incentives were announced during the dialogue, the frameworks and partnerships discussed are likely to pave the way for future support programs. Businesses operating in AI, tokenisation, and ESG-focused sectors should monitor these developments closely.

At FI Group Singapore, we specialize in helping companies identify and secure public funding, tax credits, and innovation support. This dialogue reinforces Singapore’s position as a global innovation hub—and we’re here to help you make the most of it.

 

Stay Ahead with FI Group

Whether you’re a startup exploring AI, a fintech scaling tokenised solutions, or an enterprise investing in green transformation, the time to act is now. Reach out to our team to explore how these developments could benefit your business.

Contact us

 

Short Answer: If your business is registered in Singapore, has at least 30% local equity, and is financially ready to start and complete a project that drives growth or transformation, you likely qualify. 

But let’s break it down clearly. 

 

What Is the EDG? 

The Enterprise Development Grant (EDG) supports Singapore-based companies in upgrading, innovating, and expanding overseas. It covers costs related to: 

• Consultancy 

• Equipment and software 

• Internal manpower 

It’s administered by Enterprise Singapore and is one of the most versatile grants available. 

 

EDG Eligibility Checklist 

Here’s a quick way to know if your company qualifies: 

REQUIREMENT	DETAILS
Business Entity	Registered and operating in Singapore
Local Equity	At least 30% held by Singaporean(s) or PR(s)
Financial Health	Able to start and complete the project
Project Status	Must not have started before application
Project Type	Must fall under one of the 3 supported categories (see below)

 

What Types of Projects Are Supported? 

Your project must fall under one of these three strategic categories: 

1. Core Capabilities 

• Business strategy development 

• Financial management 

• Human capital development 

• Strategic branding and marketing 

2. Innovation & Productivity

• Process redesign 

• Automation 

• Product development 

3. Market Access

• Overseas market expansion 

• International branding 

• Market entry strategies 

 

How Much Funding Can You Get? 

• Up to 50% of eligible costs for most projects 

• Up to 70% for sustainability-related projects (until 31 March 2026) 

Funding is reimbursed after project completion and audit. 

Learn more about the EDG here 

 

Not Sure If You Qualify? 

FI Group Singapore offers free eligibility assessments. We’ll help you: 

• Identify the right grant 

• Prepare your application 

• Maximise your funding 

Contact us for a free consultation