Stage 2: Non-dilutive support

Grants & matching grants

Quick answer

Grants from agencies such as Cradle, MDEC, MATRADE, SME Corp, MIDA and MTDC do not have to be repaid, but they are competitive, tied to eligibility rules and often reimburse spending after you have paid.

Best suited for

Technology, export, automation, digitalisation and R&D projects with a clear plan.

Pros

  • No repayment and usually no equity given up
  • Signals credibility to other funders
  • Often comes with mentoring or networks

Cons

  • Competitive and slow, with detailed applications
  • Many are matching or reimbursement-based, so you front the cash
  • Restricted to specific sectors, activities or company profiles

Watch out for

Check eligibility, claim rules and reporting obligations before you spend money you expect to be reimbursed.

Where to look: Government agencies & support bodies

Real-world examples

Examples are drawn from public reports and are not endorsements. Results vary and are not typical.

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