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Expanding your business into new international territories can be both exciting and challenging. With Acc Pro's Market Readiness Assistance (MRA), we ensure that your venture into new markets is not just a leap of faith, but a strategic step forward.
Navigating New Markets with Confidence and Expertise
What is the Market Readiness Assistance (MRA) Grant?
The MRA grant is designed to support Singaporean SMEs looking to expand their businesses into new international markets, including Malaysia. This grant covers up to 50% of eligible costs, helping you mitigate the financial risks associated with international expansion.
Grant Details
✓ Up to 50% of eligible costs for local SMEs
For supported activities, capped at S$100,000 per company per new market, which include:
Overseas Market Promotion: Capped at S$20,000
Overseas Business Development: Capped at S$50,000
Overseas Market Set-up: Capped at S$30,000
Note: Each application is limited to one activity in a single overseas market.
How Acc Pro Can Help
Strategic Planning and Consultation
Our team of experts will work with you to develop a comprehensive expansion strategy tailored to your business needs. From market research to entry strategies, we provide the insights and guidance you need to succeed
Market Promotion
We help you navigate the complexities of promoting your business in a new market. From marketing campaigns to trade show participation, we ensure your brand gains the visibility it needs to thrive.
Business Development
Our services include identifying potential partners, distributors, and clients to help you establish a strong foothold in the new market. We provide the tools and support you need to grow your business network.
Market Set-up
From company registration to compliance with local regulations, we assist you in setting up your business operations smoothly and efficiently.
Why Choose Acc Pro?
Expertise
Our team has extensive experience in international business expansion, particularly in the Southeast Asian region.
Tailored Solutions
We understand that every business is unique. Our solutions are customised to meet your specific needs and objectives.
Comprehensive Support
We offer end-to-end support, from initial planning to successful market entry and beyond.
Ready to Expand?
Take the first step towards successful international expansion. Let Acc Pro Malaysia guide you through the process with confidence and expertise.
Frequently Asked Questions
Embarking on cross-border expansion raises many questions. We’ve compiled answers to some of the most frequently asked queries by businesses looking to grow between Malaysia and Singapore.
Who is eligible for the MRA grant?
The MRA grant is available to Singaporean SMEs that meet the eligibility criteria set by Enterprise Singapore.
This includes businesses with a minimum of 30% local shareholding and a group annual sales turnover of not more than S$100 million or a group employment size of not more than 200 employees.
What types of activities are supported under the MRA grant?
The MRA grant supports activities related to overseas market promotion, overseas business development, and overseas market set-up.
Each application is limited to one activity in a single overseas market.
How do I apply for the MRA grant?
You can apply for the MRA grant through the Business Grants Portal.
How long does the application process take?
The application process typically takes about 6 to 8 weeks from the submission date.
However, the timeline may vary depending on the complexity of the application and the number of applications received by Enterprise Singapore.
How do I get started with Acc Pro for my business expansion?
The first step is to contact us for an initial consultation.
During this meeting, we’ll discuss your business objectives, target market, and how our services can support your expansion goals.
Still have questions?
We’re here to help. Reach out to us for more detailed information and personalised guidance on your expansion journey.
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