Grow Digital is an initiative by the Infocomm Media Development Authority (IMDA) and Enterprise Singapore (ESG) under the SMEs Go Digital programme. Under this initiative, SMEs can participate in Business-to-Business (B2B) and Business-to-Consumer (B2C) e-commerce platforms to sell overseas without a need for physical presence. SMEs who are willing and ready to seize business opportunities in overseas markets can tap on Grow Digital to get a head start in going global.
Eligible SMEs can receive up to 70% funding to participate in the platforms under Grow Digital. Adoption of the Grow Digital solutions does not count toward Productivity Solutions Grant funding utilisation, which is capped at a maximum of S$30,000 per SME per year.
Any business entity registered/incorporated in Singapore that meets the following requirements:
• At least 30% local shareholding; and
• Group annual turnover not exceeding S$100 million per annum based on the most recent audited report, or group employment not exceeding 200 employees.
• Additional requirement for the MEP Programme: annual overseas sales not exceeding S$100,000 (online) for each of the three preceding years.