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Grant for Equity Market Singapore (GEMS) Scheme

Grant for Equity Market Singapore (GEMS) Scheme

Supports Singapore listed and licensed financial firms with guidance for listing and investor research.

OpenMonetary Authority of SingaporeSingapore
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About

The Grant for Equity Market Singapore (GEMS) Scheme is administered by MAS under the Financial Sector Development Fund (FSDF), running from 21 July 2025 to 31 December 2028. GEMS has two distinct funding components: a Listing Grant for companies undertaking initial public offerings or secondary listings on the Singapore Exchange (SGX), and a Research Development Grant for licensed financial instit…

What this grant funds

SGX Mainboard IPOs, Catalist IPOs, ETFs, Depository Receipts; licensed FI equity research production and dissemination covering Singapore-listed or listing companies.

Key facts
CycleiHow often this grant runs — e.g. annually, on a rolling basis, or a one-off call.Rolling
Next deadlineiThe next date applications are due. Rolling means you can apply any time.31 Dec 2028
Decision timeiTypical time from the deadline to the funder's decision.—
Project durationiHow long the funded work is expected to run.—
Award typeiThe form of funding — grant, equity, loan, tax credit, etc.Grant
Match fundingiThe share of project costs you must cover yourself. 0% = fully funded.30%
Funding pooliThe total budget available across all awards in this round.—
Funding analytics

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Industries

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Eligibility criteria

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Application process

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Timeline

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Where founders trip up

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Last verified: 22 Jul 2026Source: www.mas.gov.sg