Here you can find our professional Market Readiness Assistance application and facilitation service, along with tailored services and deliverables. Please note, each application will be different subject to the business model and Aquarii is fully flexible with this process. To find out more about a tailored MRA application, click here to get in contact with our experienced team.
Market Readiness Assistance Application Assistance
Aquarii BD offers full advisory and facilitation services for all businesses looking to expand into Cambodia.
In particular, we are able to advise and assist Singapore SMEs that are eligible for the Market Readiness Assistance (MRA) grant provided by Enterprise Singapore (ESG) – having gone through the MRA application process and utilization of the grant components, we are able to guide Singapore SMEs in how the relevant components of the grant can be applied for, and utilized appropriately so that their operations can be set up efficiently and how the costs of their market entry setup and activities can be defrayed by the grant.
Market Readiness Assistance Components
For your convenience, we have broken down everything you need to know about the three components of the MRA in the graph below, namely Overseas Market Promotion (OMP), Overseas Business Development (OBD), and Overseas Market Set-up (OMS), alongside the complete list of deliverables that AquariiBD service offers.
Overseas Market Promotion (OMP) – S$20,000
| Type | Supportable Activities | Deliverables |
| Overseas marketing and PR activities | Third-party costs incurred for: • Marketing and PR activities including launch of in- store promotions, road shows, pop-up stores • Pitching fees at overseas business/trade conferences | • Event write-up attached with corresponding materials such as photographs and publicity materials • Overall roadmap/communication plan of activities that have been completed • Invoices/receipts/bank statements for payment made to third-party vendor such as proof of payment for costs incurred (Note: Proof of completion should include but not limited to the above) |
| Participation in Overseas Physical and Virtual Trade Fairs NOT supported under LEAD International Fairs & Missions (LEAD) | Overseas Physical Trade Fairs Third-party costs charged by Event Organisers relating to: • Space rental (capped at 36 square metres) • Booth design and construction (capped at 36 square metres) Virtual Trade Fairs Packaged fees charged by Event Organisers relating to: • Virtual Exhibition hall & Booth access • Collateral creation (EDMs, booth writeup) • Business Meeting/Matching sessions • Pitches/ Product launches / Speaking Slots • Webinar/ Conference • Post Event Analytics Third party costs relating to • Publicity (design and production of digital collaterals, promotion materials) for trade fairs and virtual fairs • Logistics costs for virtual fairs only (transportation of materials/samples overseas) | Overseas Physical Trade Fairs • Event write-up attached with corresponding materials, such as exhibitor listing, photographs of booth setup, publicity materials which reflects the company’s name • Invoices/receipts/bank statements for payment made to third-party vendor, such as proof of payment for the costs incurred Virtual Trade Fairs • Screenshots of exhibitor listing, publicity materials, virtual booths, virtual business meetings/matching sessions, post event analytics report product samples for virtual fairs (where available and/or applicable) • Event write-up attached with corresponding materials, such as photographs of booth setup, publicity materials and exhibitors’ listing which reflects the company’s name • Invoices/receipts/bank statements for payment made to third-party vendor, such as proof of payment for the costs incurred (Note: Proof of completion should include but not limited to the above) |
What can AquariiBD do?
- Assist to review and advise on the application form and processes
- Provide inputs and help strategize a marketing and communications plan
- Organize and advise on the marketing and PR activities including instore promotion, road shows, etc **
- Write up PR in both Khmer & English
- Invite local media and relevant businesses to the launch of the client’s products / services
- Design and print marketing materials and booth design **
- Recommend, engage, and facilitate booth rental (if applicable) and set up at the right Physical and Virtual Trade Fairs **
- Shortlist and recommend to client of service providers for specific services / areas of need
**Aquarii will work with a trusted marketing and PR firm. Alternatively, a client may wish to work directly with our recommended partners which can be facilitated through the AquariiBD service.
Overseas Business Development (OBD) – S$50,000
| Type | Supportable Activites | Deliverables |
| Business matching | Third-party costs incurred to identify potential partners and/or customers (B2B) including the following: • Licensees/franchisees • Agents and distributors • Joint venture partners | In the selected market and business matching outcomes: • List of potential partners and their profiles for selection • Documentation on the scheduled business meetings with selected partners including pictures of meetings, name cards of potential partners • Outcome and rationale for the suitability of the selected partner(s) |
| Overseas Marketing Presence (OMP) | Project-specific eligible expenses: • Salary of 1 permanent BD staff* stationed at OMP** • Rental of OMP *An employee is deemed to be a permanent staff when his/her employment contract only indicates the employment start date, without specifying an end date. Project-specific criteria: **OMP is used for the purpose of marketing/business development; Applicant can post Singaporean/PR/foreigner to be based in the OMP to conduct marketing/BD work. Supportable expenses (salary and rental) will be pegged at 70% support level for SG/PR, 50% support level2 for foreigners. Staff need not be a new hire. | • Set up of overseas marketing presence • Documentation to show proof that the marketing activities have been conducted in market. • Posting of the Singaporean/SPR/foreigner (Note: Proof of completion should include but not limited to the above) |
| In-market Business Development | Third party costs relating to subscription costs of outsourced BD services for up to 12 months Activities could include: • Preparation of local in-market BD personnel, product training • Embarking on BD activities to reach out to new business leads • Implementation of market entry activities • Regular updates on the progress of BD effort. • Reviewing market entry strategy and advice on setting up of entity in the market or future strategy plans, etc | Detailed Consultancy report that could include but not limited to the following: • Updates of local in-market BD personnel’s progress, and documentation and outcomes of business meetings • Report on market updates, including advice on set-up of entity in the market or future strategy plans, etc. |
What AquariiBD can do:
- Assist to review and advise on the application form and processes
- Identify and recommend list of potential partners / distributors / agents for client’s consideration
- Recommend qualified freight forwarder(s) based on client’s needs / requirements
- Arrange and facilitate business meetings / matchings with selected partners / contacts / resource persons
- Recommend office space and locations based on client’s needs / requirements
- Recommend HR recruitment agency(ies) as necessary
- Recommend and work with local research companies on market feasibility or other surveys on consumer behavior etc in accordance with client’s needs and requirements
- Provide consultancy and updates of local in-market personnel’s progress, and documentation and outcomes of business meetings
- Report on market updates, including advice on set-up of entity in the market or future strategy plans, etc.
Overseas Market Set-Up (OMS) – S$30,000
| Type | Supportable Activities | Deliverables |
| Market Entry | Advisory, legal and documentation expenses relating to: • Name search • Intellectual Property (IP) Search and application • Filing and registration for sales/representative offices or equity entity • Implementation of recommended tax structures • Import and export licences • Drafting of franchising, licensing, agency, distributorship and joint venture agreements (limited to only the first set of such agreement) • Trade Credit Insurance (TCI) | Proof of completion includes but not limited to: • Relevant filing documents submitted to authorities • Copies of certificates, permits, licenses obtained • Copies of franchise/JV agreements • Report on assessment of financial and recommendation |
| In-depth FTA Consultancy | Consultancy, advisory and legal expenses relating to: In-depth assessment to identify opportunities available in FTAs • Analysis of company’s supply chain • Application procedures for Customs rulings with issuing authority • Consultancy for FTA compliance, including internal guidelines/checklist | Assessment/Analysis report • Customised Manual, Guidelines, Standard Operating Procedure (SOP), etc. |
Whats AquariiBD can do:
- Assist to review and advise on the application form and processes
- Advise, assist and facilitate company registration in Cambodia including but not limited to business registration at MoC, GDT, MLVT, and other related ministries based on the company’s business activities and other permits and licenses such as Import & export license, e-commerce license, etc.
- Advise, assist and facilitate on recommended tax structures, common issues, solutions, etc. for tax compliance
- Consult and advise on the Qualified Investment Project (QIP) eligibilities and benefits if the client is qualified for this investment incentive
- Drafting of franchising, licensing, agency, distribtuorship and join venture agreement, etc.
- Help draft and hand over templates and documents such as Non-Disclosure Agreements, Service Agreements, Letter of Employment, Employment Contract and other such SOPs that may be essential for entity’s operations
- Recommend Trade Credit Insurance (TCI)
- Shortlist and recommend service providers for specific services / areas of need as applicable
Points of consideration for Market Readiness Assistance Applications:
To note: The services offered by AquariiBD Cambodia may vary based on the scope of services and needs of the client and the cap of the grant. We offer a unique blend of our advisory and facilitation services by leveraging on our diverse network of strategic partners, business and government contacts, resource persons and industry experts to provide best-in-class trusted services to our clients. That said, we are fully flexible in delivering a service tailored to your business needs. If you need professional assistance with MRA, from a highly connected Cambodia-based business consultancy, find out how we can help you today, here.
If you want to learn more about the basics of MRA, you can do so here, or to find out more about the variety of business consultation services that Aquarii offers, you can do so here.
