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Government Grants For Small Businesses in 2023

The year 2023 is just around the corner, and it’s a good time to explore new sources of funding for your business. Whether it’s for technology adoption, hiring, or overseas expansion, you can find several grants and schemes that offer the financing support your business needs to grow and thrive.

Inflationary pressures have pushed up costs SME grant 2023 for utilities, rental, manpower, and fuel for small businesses in Singapore. However, with a few smart moves, you can reduce your expenses and continue to grow your business. For example, take advantage of government grants that help SMEs overcome these challenges by providing working capital and financing support for key growth activities.

The EDGE Grant 2023 is now open for applications. This grant is awarded through a competitive selection process and provides up to $100,000 for eligible costs. It’s designed to give five STEM-based companies and up to 10 Entrepreneur Class (non-STEM) companies a competitive edge through the provision of grant funding and a $3 (state) to $1 (business) match.

To apply, visit the online application. This form will require basic information about your company, including the industry you operate in, the type of project you are undertaking, and how it will impact your business. Once you submit the application, a team of business experts will review it and provide feedback within eight to 12 weeks.

Applicants should prepare a detailed proposal that highlights the problem they are solving, the benefits of their solution, and how it will be implemented. They should also make sure their business plan is clear and concise. Finally, they should include a timeline for project completion and a budget that includes all related costs. In addition, they should ensure that their proposals meet the grant’s guidelines.

DSLBD is seeking applications for the FY23 Food Waste Innovation Grants starting October 24, 2022. These grants will provide support to restaurants, food manufacturers, shared commercial kitchens, and commercial corridors like Main Streets and Business Improvement Districts to minimize their food waste going to landfill and minimize urban rat populations. The program will also help these businesses to meet the goals of Sustainable DC and future requirements of the Zero Waste Omnibus Act.