Our Grant expertise
Market Readiness Assistance Grant (MRA)
Partnering with B&C Tech Consultant can greatly enhance your chances of securing the grant by ensuring that all application requirements are met and the process is handled with precision, unlocking valuable opportunities for growth.
MRA Activities
MRA supports companies in their overseas expansion by covering up to 50% of costs for activities across 3 pillars (capped at S$100,000 per new market)
Overseas Market Promotion
Capped at S$20,000
Overseas Marketing & PR
- Conduct a marketing/PR campaign to promote products and services. e.g. pop-up stores, social media presence, online/ offline media coverage.
Overseas Physical & Virtual Trade Fair
- Participate in overseas trade fairs. e.g. booth rental and design, marketing and promotional materials, and marketing collaterals.
Overseas Business Development
Capped at S$50,000
Identification of Potential Overseas Partners
- Identify franchises, distributors, JV partners, logistic partners, etc.
In-market Business Development
- Engage business development services overseas.
Overseas Marketing Presence
- Deploy an employee overseas to conduct business development.
Overseas Market Set-up
Capped at S$30,000
Market Entry
- Apply for overseas incorporation, IP protection, trade credit insurance, etc.
FTA & Trade Compliance Consultancy
- Seek consultancy services on Free Trade Agreements and trade compliances.
OUR Services
Leveraging our extensive experience in guiding Singapore businesses through international expansion, we recognize the complexities of the MRA Grant application process. To enhance your success, we provide two specialized services: Business Matching, which connects you with strategic overseas partners, and Market Set-up, designed for companies establishing operations abroad. These tailored solutions streamline the application process, ensuring a more seamless and efficient journey toward securing the MRA Grant and driving your global growth.
Business Matching
At B&C Tech, our Business Matching service is designed to help companies identify and connect with the right business partners in international markets. This tailored approach is invaluable for businesses seeking to expand globally through strategic alliances, joint ventures, or distribution partnerships, ensuring a strong foundation for long-term success.
- Due Diligence: We perform a comprehensive vetting process to assess each partner's credibility, reliability, and growth potential, mitigating risks and ensuring informed decision-making.
- Partner Identification: We conduct in-depth research to identify potential business partners in your target market, ensuring alignment with your business objectives, industry, and operational needs.
- Facilitated Introductions: Once suitable partners are identified, we coordinate introductions and streamline communication for a smooth and productive initial engagement.
- Negotiation Support: We provide expert guidance throughout negotiations, helping you secure favorable terms that safeguard your interests and foster long-term strategic success.
Benefits of Business Matching with B&C TECH
By leveraging our expansive industry network and deep market insights, we efficiently identify the most suitable partners for your business, ensuring faster and more accurate connections.
We carefully assess your business needs and recommend partners that align with your specific criteria, minimizing the time and effort required to find the right strategic collaborations.
Our team possesses in-depth knowledge of international markets and cultural nuances, enabling us to guide you through potential challenges in cross-border partnerships and ensure seamless collaboration.
With our expert guidance, you significantly enhance your chances of securing valuable partnerships, accelerating your market entry, and maximizing your return on investment.
Market Set-Up
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Company Incorporation: We manage the registration of your business entity in your target market, ensuring full compliance with local laws and regulatory requirements.
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Legal and Regulatory Compliance: Our experts ensure that your business adheres to all necessary legal obligations, including licenses, permits, tax registrations, and employment laws.
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Local Office and Staffing Solutions: We assist in securing office space and provide recruitment support to help you build a capable local team, from key leadership positions to operational staff.
- Banking and Financial Set-up: We facilitate corporate bank account openings, ensuring smooth financial operations, and support the implementation of accounting systems that comply with local financial regulations.
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Tax and Financial Advisory: Our strategic tax planning and financial advisory services help you optimize your tax position while maintaining compliance with local financial requirements.
- Cultural and Market Orientation: We provide in-depth market insights and cultural training to help your team navigate the local business landscape effectively, ensuring a smooth transition and successful market entry.
Why choose b&c tech for MRA?
Tailored Solutions for Every Stage of Business Growth.
With deep expertise in the MRA and Singapore Grants landscape, B&C Tech is well-equipped to help businesses navigate and optimize these funding opportunities. Our strategic approach ensures that your company not only secures the necessary grants but also fully capitalizes on their benefits, empowering your workforce to adapt to evolving industry demands and drive sustainable growth.
We work closely with clients end-to-end, providing continuous support and feedback to ensure the review is thorough and the outcomes are actionable.
We offer a holistic assessment, not just looking at the process but also evaluating the strategic impact, operational efficiencies, and areas for potential improvement.
We customizes the MRA approach based on your organization’s unique needs, providing insights and recommendations that are relevant and actionable.
We handle the intricate administrative requirements, working closely with your point of contact to streamline your MRA journey.
