GEMS - Be Listed at a glance
Agency
Monetary Authority of Singapore (MAS)
Programme
Grant for Equity Market Singapore (GEMS)
Support type
Co-funding
Current status
Open
Funding
SGX Mainboard listings receive 70% co-funding of eligible expenses. SGX Catalist listings receive 20% co-funding.
Cap / maximum support
Mainboard: up to S$2 million. Catalist: up to S$300,000.
What does the scheme support?
Eligible expenses associated with a qualifying SGX Mainboard or Catalist listing.
This profile should be read as a funding and eligibility guide rather than a substitute for the agency's final assessment. The approved scope, support level and claim treatment remain subject to the governing programme terms and the applicant's specific project.
Who can apply?
Issuers that complete a qualifying listing on the Singapore Exchange, subject to MAS GEMS eligibility and eligible-expense rules.
How much support is available?
SGX Mainboard listings receive 70% co-funding of eligible expenses. SGX Catalist listings receive 20% co-funding.
Mainboard: up to S$2 million. Catalist: up to S$300,000.
What costs can qualify?
Eligible SGX listing expenses under the GEMS scheme.
Key conditions
The grant is used to defray eligible listing costs after the company lists on SGX. The applicable rate and cap depend on the listing board.
For any project where timing matters, applicants should avoid making irreversible commitments before confirming the programme's pre-start requirements. Where the scheme is discretionary or delivered through an appointed partner, the agency or programme partner retains the final decision on eligibility and quantum.
How and when should you apply?
MAS continues to list Be Listed as an available GEMS grant. Applicants should confirm eligible expense treatment with MAS or SGX as part of listing preparation.
Is this scheme relevant to your project?
A strong fit is: A company preparing a qualifying SGX listing with material eligible listing expenditure.
A weak fit is: A private fundraising round or capital-markets activity that does not culminate in a qualifying SGX Mainboard or Catalist listing.
How Reeve | R&D supports the scheme
Reeve | R&D can manage the incentive workstream from initial eligibility assessment through project structuring, funding modelling, application preparation, evidence planning, agency interaction and post-award coordination, while the company or eligible applicant remains the formal applicant where required.
Frequently asked questions
What is the current status?
The current verified status is Open as of 7 October 2026. Where the programme is periodic or appointment-led, this does not necessarily mean that a general application window is continuously open.
How much support is available?
SGX Mainboard listings receive 70% co-funding of eligible expenses. SGX Catalist listings receive 20% co-funding. Mainboard: up to S$2 million. Catalist: up to S$300,000.
What is the most important eligibility point?
Issuers that complete a qualifying listing on the Singapore Exchange, subject to MAS GEMS eligibility and eligible-expense rules.
What should be checked before committing to the project?
The applicant should confirm the live programme terms, pre-start rules, eligible cost categories and any partner, provider, appointment or milestone requirements before signing contracts or incurring supported costs.
Official programme sources
mas.gov.sg (opens in a new tab)Last verified: 2026-10-01