The Business Grant Portal (BGP) in Singapore simplifies the application process for government grants by centralizing them in one platform. In this article, we will cover everything you need to know about the business grant portal Singapore: all you need to know to find, apply for, and track grants for your business.
The portal was launched by various government ministries and the Government Technology Agency to streamline access to business grants.
Key Takeaways
- The Business Grants Portal (BGP) centralizes government grant applications for businesses in Singapore, eliminating the need to approach multiple agencies, streamlining access, and reducing administrative workload.
- Key features of the BGP include auto-population of company information and a targeted filtering system, which enhances the efficiency of the grant application process.
- Access to the BGP requires a Corppass account. The structured application process emphasizes accurate documentation to increase the chances of grant approval.
Overview of the Business Grant Portal (BGP)
The Business Grants Portal (BGP) is a one-stop platform in Singapore designed to simplify the process for businesses seeking access to government grants. By aggregating various grant applications from different agencies into one centralized system, the BGP greatly reduces the complexity and effort required by businesses when applying for governmental financial support.
This portal represents a joint initiative among several government bodies aimed at streamlining the application procedure for business grants, thereby minimizing the time and resources companies expend during this process. The BGP supports projects to enhance business strategies, embrace technology, and expand into new markets.
Aligned with unique business requirements and objectives, it assists firms in identifying appropriate government-supported funding options through recommendations provided via the Government Technology Agency’s advanced portal functionality.
The BGP provides tailored grant options that cater to diverse business needs, facilitating the application process for users seeking financial support.
Benefits of Using the Business Grant Portal
The BGP aims to improve the administration and monitoring of grant applications for businesses, making the entire procedure more efficient. The system auto-collects necessary information from the Accounting and Corporate Regulatory Authority database for applications, thus reducing administrative tasks for businesses.
With its intuitive interface, the BGP makes handling grant applications easier. Consolidating various government grants into a single platform enables businesses to concentrate on expansion and increasing productivity instead of getting entangled in extensive documentation and red tape.
Why Use the Business Grants Portal (BGP)
Source: PayBoy
Navigating the landscape of government grants in Singapore can be overwhelming for entrepreneurs. With countless options available, applying for the wrong grant may lead to disqualification, wasting precious time and resources. This is where the Business Grants Portal (BGP) steps in to simplify the process.
The BGP is a centralized digital platform designed to streamline the grant application, tracking, and approval process for businesses in Singapore. Here’s why it’s an essential tool for entrepreneurs:
1. Simplifies the Grant Application Process
The portal provides a user-friendly interface that consolidates all government grants in one place. Entrepreneurs can easily search, compare, and apply for grants tailored to their specific business needs. This eliminates the need to sift through multiple agency websites or cumbersome paperwork.
2. Centralized Access to Grant Agencies
Instead of toggling between different government bodies, the BGP acts as a one-stop platform, connecting businesses to relevant grant-issuing agencies. This saves time and ensures a more seamless process from application to approval.
3. No Duplication of Effort
The portal is designed to centralize and streamline data entry. Entrepreneurs can input their information once, and the portal automatically applies it across multiple grant applications. This avoids repetitive data submissions and reduces administrative errors.
4. Transparent Tracking and Updates
With the BGP, businesses can track their grant application status in real time, receive updates, and follow up on pending approvals—all in one place. This eliminates the guesswork and frustration of waiting for responses from multiple agencies.
Key Features of the Business Grant Portal
Source: VirtuaQ
The BGP streamlines the grant application process by enabling companies to filter grants based on their specific industry and requirements, promptly presenting them with pertinent options. This approach conserves time and shields businesses from an overload of inapplicable information.
The portal adeptly directs submitted applications to the appropriate agency determined by user responses, thereby mitigating errors and simplifying what could otherwise be a complex task.
The BGP encourages businesses to adopt innovative business models to thrive now and in the future.
A notable functionality within the BGP is its ability to autofill company details using data obtained from ACRA. This capability enhances speed and precision during application completion while maintaining consistency across submitted information. Moreover, once entered into the system, company data are saved for future use, which expedites subsequent applications.
This government portal diminishes paperwork hassles for businesses by offering simplified forms designed for improved usability. Consolidating various government grants through a single access point improves both efficacy and accessibility for companies seeking these financial incentives via grant applications. Consequently, it is established as an essential service for enterprises aiming to obtain fiscal aid from the government.
How to Login into the Business Grants Portal
To access the BGP portal, you need a valid CorpPass account. If you don’t have a CorpPass administrator, you must appoint one. The administrator can create an account for you and designate different e-service roles that enable you to access the portal. These roles include the Viewer, Preparer and Acceptor roles.
As an entrepreneur looking to expand and upgrade your business through a grant, the BGP has a range of options. When you log on to the portal, the grants you’re likely to find are tabulated below.
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Grants Available |
Administering Agency |
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Market Readiness Assistance (MRA) Grant |
International Enterprise Singapore |
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International Enterprise Singapore |
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SPRING Singapore |
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Marketing Assistance (M-Assist) Grant |
Info-communications Media Development Authority of Singapore |
Quick Steps to Apply for a Grant through BGP
Source: Pinterest
- Step 1: Log in and Click “Get New Grant”
- Access the Business Grants Portal and start by clicking the “Get New Grant” option.
- Step 2: Answer Project-Specific Questions
- Provide responses to three critical questions about your project to ensure the grant aligns with your business needs.
- Step 3: Fill Out and Submit Your Application Form
- Complete all required fields in the application form and submit it for processing.
- Step 4: Follow Up on Your Application
- Track your application’s progress directly on the portal for real-time updates.
- Step 5: Accept Your Letter of Offer
- Once your grant is approved, review and accept the Letter of Offer to secure the funding.
How to File an Application Change Request
- Step 1: Click “Submit Change Request”
- Log in to the portal and select the “Submit Change Request” option.
- Step 2: Choose the Grant to Amend
- Identify and select the grant for which you need to make changes.
- Step 3: Complete and Submit the Change Request Form
- Provide the necessary details and submit the form to request amendments.
- Step 4: Follow Up on the Processing Status
- Monitor your request’s progress to confirm if the amendments have been processed.
- Step 5: Review and Accept New Terms
- Once the change is approved, review the updated Terms and Conditions (T&Cs) before proceeding.
How to File a Claim
- Step 1: Click “File New Claim”
- Log in and select the “File New Claim” option to begin.
- Step 2: Choose the Relevant Grant
- Select the grant for which you are filing a claim.
- Step 3: Fill Out and Submit the Claims Form
- Complete the claims form with all necessary information and submit it.
- Step 4: Monitor the Claims Process
- Check the portal for real-time updates on your claim’s progress.
- Step 5: Receive Approved Funds
- Once your claim is approved, the funds will be deposited directly into your designated bank account.
Eligibility Criteria for Business Grants
Source: FasterCapital
Your company must meet specific criteria to be eligible for business grants in Singapore. These criteria may vary depending on the particular grant and the agency. Here are some general eligibility criteria for business grants:
- Registration and Operation: Your company must be registered and operating in Singapore.
- Local Equity: Your company must have at least 30% local equity held directly or indirectly by Singaporean(s) and Singapore PR(s).
- Financial Thresholds: Your company must have a Group Annual Sales Turnover not exceeding S$100 million OR a Group employment size not exceeding 200 employees.
- Financial Readiness: Your company must be financially ready to start and complete the project.
- Business Plan: Your company must have a clear business plan and strategy.
It’s essential to check the specific eligibility criteria for each grant you’re interested in applying for, as they may differ. Ensuring your business meets these requirements can significantly enhance your chances of securing funding to support your business growth.
How to Register and Access the Business Grant Portal
Companies must first secure a corporate digital identity by registering for a Corppass account to gain access to the Business Grants Portal. This registration step is crucial as it guarantees the protection of business data transactions.
Once equipped with their Corppass credentials, businesses can securely sign in to the portal—this includes undergoing an additional security measure through two-factor authentication during the initial login process.
Companies are advised to prepare vital information such as their Unique Entity Number (UEN) and project specifics before embarking on the grant application journey. Having all pertinent materials at hand, like company profiles and UENs, facilitates a seamless progression through the application stages.
Businesses must meticulously complete every section of the application form. Thoroughness ensures compliance with all specified requirements for securing grants.
Upon accessing the Business Grants Portal (BGP), individuals are met with a question-based filtering mechanism to streamline their search by leading them towards grants that align with their business’s specific needs. Including an ACRA profile facilitates this process even more by automatically filling in relevant details, which helps reduce the complexity involved.
By consolidating grants from different sources into one centralized location, businesses no longer have to deal with the complications of liaising with several agencies. Providing clear and precise responses within applications increases prospects for successfully obtaining grant approval.
The BGP is crafted to support businesses as they seek to secure suitable grants, making what can often be a daunting application procedure straightforward and manageable.
Understanding Productivity Solutions Grant
The government has introduced the Productivity Solutions Grant (PSG) to assist businesses in Singapore with boosting their productivity by implementing IT solutions and acquiring equipment.
This grant provides eligible companies up to 50% funding for qualifying expenses, subject to a maximum of $30,000 per entity. EnterpriseSG has endorsed industry-specific and universal options among pre-approved technology and equipment available under the PSG.
Companies aiming to benefit from this grant must be registered within Singapore and possess a minimum local shareholding of 30%. Regarding size criteria, they should not exceed an annual revenue threshold of S$100 million or maintain over 200 staff members. Entities like charities and those affiliated with government agencies are ineligible for the PSG program.
Applying for Grant Applications Through the BGP Portal
Source: SG Business Advisory
Businesses must collect all required information and documents to apply for grants via the BGP portal. Following this preparation, they need to complete the application form precisely and submit it through the portal. The agency’s contact details will be accessible on the “Grant Actions Actions’ page for users who need to follow up or inquire further.
After submitting their applications, companies can monitor their status on that same BGP portal.
Preparing Your Application
Preparing thoroughly is vital for the success of a business growth grant application. When applying for grants such as the PSG, it’s important to secure quotes from vendors who have already been approved and specialize in IT solutions and equipment. It’s also crucial to include supporting documents like quotations and invoices with your grant application to substantiate your request for funding.
Consultants experienced in handling grants can offer significant assistance by navigating you through the complex landscape of available funding opportunities. These professionals ensure that businesses identify grants that are well-suited to their specific needs. These professionals provide valuable insights on strategic grant planning, advising companies on which ones to apply for and how best to align their applications with what funders seek.
Compiling all necessary documentation before preparing an effective application process is key to ensuring a strong foundation for obtaining grant support intended to foster business growth.
Submitting Your Application
The BGP streamlines the application forms to facilitate submission. Ensuring accuracy while completing these forms can bolster your likelihood of obtaining approval. Upon submission via the portal, a confirmation email will be sent to acknowledge receipt of your application. Fulfilling all requisite conditions prior to submission helps avert postponements and disapprovals.
Tracking Your Application Status
Businesses can access the Business Grants Portal (BGP) to monitor their submitted grant applications through the tools available on the platform. Users can manage and keep track of where their application stands by visiting the “Application Status’ area within the BGP portal.
Those who apply for grants will receive email notifications about updates and final decisions concerning their grant applications.
Claims and Disbursement
If your grant application is approved, you must submit a claim for the grant amount. Here’s what you need to know about the allegations and disbursement process:
- Submission Timing: Claims can be submitted when all project deliverables have been achieved. Ensure that claims reach the relevant agency no later than six months from the end of the project qualifying period.
- Disbursement Method: The disbursement of the grant will be credited directly to your bank account through PayNow (preferred) or GIRO.
- Required Documents: Required documents for claims submission include an update on your preferred mode of disbursement, deliverables documentation, cost items documentation, and the appointment of an auditor.
Follow the agency’s instructions and submit all required documents to avoid delays in the disbursement process. Proper documentation and timely submission ensure a smooth and efficient claims process.
Managing Approved Grants
To effectively manage approved grants, businesses must fill out a claim form and provide the requisite supporting documents to the appropriate agencies. Ensuring that all paperwork is correctly filled out and submitted increases the chances of successfully claiming your grant. The Business Grants Portal provides users with insights into their application’s status and identifies which agency is processing it, facilitating efficient oversight of their grants.
Businesses can find contact details for agencies responsible for handling business grant applications on either the official program websites or directly through the Business Grants Portal itself. This accessibility enables businesses to swiftly address any concerns related to their projects by obtaining contact information for these agencies.
Common Business Grant Proposal Mistakes to Avoid
Source: Grant Solutions
When applying for business grants, it’s essential to avoid common mistakes that can lead to rejection or delays. Here are some common mistakes to avoid:
- Not Checking Eligibility Criteria: Ensure you meet all the eligibility criteria before applying for a grant. Overlooking this step can result in wasted time and effort.
- Incomplete or Inaccurate Information: Ensure all information provided is accurate and complete to avoid delays or rejection. Double-check your application for any errors or omissions.
- Missing Required Documents: Make sure to submit all required documents, including financial statements and business plans. Missing documents can lead to delays or disqualification.
- Incorrect Application Process: Follow the process carefully and submit your application before the deadline. Adhering to the guidelines can prevent unnecessary complications.
- Not Seeking Professional Advice: To increase your chances of approval, consider seeking professional advice from a grant specialist. Experts can provide valuable insights and guidance to strengthen your application.
By avoiding these common mistakes, you can increase your chances of approval and ensure a smooth application process. Proper preparation and attention to detail are crucial for successful grant applications.
Seeking Professional Advice
The portal for business grants offers advisory services via SME centres for those seeking help with their grant applications. Engaging with specialists in grants or consulting other entities can significantly enhance your likelihood of obtaining grant approval. These experts provide crucial expertise and direction to ensure your application is distinguished.
Securing professional advice is immensely beneficial when dealing with the intricate realm of government grants. From comprehending the eligibility requirements to matching your business objectives with the pertinent funding options, these professional consultants deliver the required assistance.
Staying Updated on Business Grants
To stay updated on business grants, you can follow these steps:
- Google Alerts: Set up Google Alerts for business grants and related keywords to receive notifications about new opportunities.
- Social Media: Follow government agencies and relevant organizations on social media to stay informed about the latest updates and announcements.
- Newsletters and Updates: Subscribe to newsletters and updates from government agencies and relevant organizations to receive regular information about new grants and changes to existing programs.
- Business Grants Portal: Check the Business Grants Portal regularly for new grant launches and updates. The portal is a valuable resource for staying informed about available funding options.
- Events and Seminars: Attend business-related events and seminars to stay informed about government initiatives and policies. Networking with other business owners and professionals can also provide valuable insights.
Staying updated on business grants can help you take advantage of new opportunities and stay ahead of the competition. Keeping informed about the latest developments ensures your business is well-positioned to secure the funding needed for growth and innovation.
Business Grant Portal In Singapore
Source: 361DC
The Business Grants Portal offers Singaporean businesses a consolidated entry point to various government grants. The portal eases the journey from sign-up and browsing to submitting applications and handling grant processes, enhancing convenience and approachability.
Utilizing the BGP allows companies to concentrate on their fundamental operations while obtaining essential financial support that propels expansion and innovation. Seize the advantages presented by this portal to elevate your business endeavours.
Frequently Asked Questions
How do I register for the Business Grant Portal?
Registering for the Business Grant Portal requires a Corppass account, which acts as your corporate digital identity. Upon registration, log in with your CorpPass credentials and complete the two-factor authentication process.
What types of grants are available through the BGP?
The BGP offers several types of grants, including the Productivity Solutions Grant (PSG), which aids businesses by funding IT solutions and equipment to boost productivity.
How can I track the status of my grant application?
Expect email notifications with updates or decisions about your grant application. Check the “Application Status” section on the BGP Portal to track its progress.
What documents are required for the grant application?
The essential documents for the grant application include your company profile, unique entity number (UEN), and supporting documents like quotations and invoices for the PSG. Ensure all these documents are prepared for a successful application.
Can I seek professional advice for my grant application?
Indeed, it is advisable to obtain professional advice when preparing your grant application. Doing so can markedly enhance the likelihood of securing approval for the grant. Taking advantage of services provided by SME centres through the BGP represents a valuable approach.
