Trade Promotion Incentive Scheme
International markets present various business opportunities to forward-looking businesses. Enterprises willing to build capacity to compete in different markets tend to be more profitable and innovative in their product/service offerings and processes. This incentive aims to support business enterprises that are willing to establish new markets, or to introduce a new service or product in an existing international market, by allowing enterprises to explore growth opportunities, establish business contacts and or consolidate existing markets.
This scheme provides part-financing to business enterprises that participate in international trade events, trade fairs, trade missions, brokerage or networking events. Business enterprises can capitalise on these events by establishing trade partners, developing value chains, identifying new business opportunities and acquiring knowledge about new markets, technologies and consumer trends.
The scheme also provides various initiatives through the submission of an Export Development Plan, that provides a framework for the development of an undertaking’s international business in their endeavours for entering new markets. These initiatives help local business in acquiring market knowledge; developing effective marketing capabilities; understanding specific market issues and building the internal capabilities to export their products and services.
Eligible Sectors (such as): Manufacturing, Information & Communication Technology (ICT), Food & Beverage, Education and Training, Construction & Building Maintenance Services (BMS), Aviation and Maritime, Audio-visual and Digital services, Oil & Gas Logistics and more.
The Scheme Guidelines can be downloaded from here.
Relevant application forms are as follows:
Trade Promotion Online Forms for Supported Actions:
Schedule A: Check List – Participation at B2B International Trade Events and Fairs
Schedule A: Application Form – Participation at B2B International Trade Events and Fairs
Schedule A: Claim Form – Participation at B2B International Trade Events and Fairs
Schedule B: Trade and Company Missions
Schedule C: Participation in Formal Networking and Brokerage Events
Schedule D: Market Preparedness and Development
Schedule E: Collaborative Projects
Schedule F: International Call for Tenders
For further information or clarifications, interested companies should send an email to email@example.com or contact us on 2247 2400.