For any business to grow, develop and reach a large number of people there needs to be a reach. The business needs to have creative ideas for marketing, interactive projects for people to indulge in, and have the technology to attract people from all over the world. These are the businesses that grow and flourish into something much more big and successful.

Core sectors for taking grants

For all the above activities, one needs to have a significant capital amount. But that is not always possible. To help such people with their business ideas, the enterprise development grant Singapore is offered. This grant is offered under the name of three core sectors:

• Core capabilities: This grant is for companies to set up strong foundations which will help them in the future. It may include the basic necessity of accounting but should also include something more creative and unique for that company.
• Productivity and Innovation: This grant is for companies looking to increase productivity without burdening the people. This may include using bots, automated machines, and AI to increase efficiency. With increased efficiency and less workload on the employees, they can come up with new, innovative, and creative ideas which may be very helpful for the business thus helping it grow.
• Market Access: This grant is for companies and businesses which are looking to expand their reach to other neighboring countries and even overseas.

Eligibility for grants

The people and companies eligible to claim this enterprise development grant singapore include:

• Have a registered and functioning business or company in Singapore.
• The person or group applying for this grant should hold a minimum of 30% shares in the company for which they are applying.

This grant is a great way to help your business develop strong roots and increase your reach all over the world, thus making a successful business empire.