About Enterprise Development Grant
Enterprise Development Grant (EDG) is an initiative to assist Singaporean enterprises and businesses in growing and transforming their operations in preparation for the future and the global market. As such, three pillars were designed to support projects that aid an enterprise’s progression towards developing a more substantial foundation through core capabilities, adopting innovation, achieving productivity growth and global presence.
Core Capabilities projects assist organizations in preparing for growth and change by improving their business foundations. These should extend beyond fundamental activities like sales and accounting.
Projects in the Innovation and Productivity category assist businesses in exploring new areas of development or exploring for methods to improve efficiency. These might involve examining and revamping workflow and processes.
Market Access projects assist Singapore firms who are ready to expand internationally. Companies may utilize EDG Grant to assist offset some of the costs of expanding into international markets.
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What We Do
We assist businesses in implementing innovation and new growth in an agile and risk-averse manner by providing a defined strategy, verified procedures, and the appropriate methodologies. While major markets are uncontrolled due to their volatility, uncertainty, complexity, and ambiguity nature, businesses can and must adapt to the new conditions, consistently monetizing new offerings in order to remain competitive and relevant.
Frequently Asked Questions
On October 25 2018, the Enterprise Development Grant (EDG) was introduced. EDG's initiative helped businesses improve their overall competencies, capacity, adoption of innovative approaches and expansion plans. EDG allows SMEs to get up to 80% financing for eligible and qualifying projects.
To be eligible for the EDG, businesses are required to be:
- Be a registered and operating business in Singapore.
- Has a minimum of 30% local ownership is required.
- Be in a financial position to begin and complete the project.
Enterprise Singapore and EDG application will evaluate applications based on project scope, project outcomes, and service provider expertise. Click here to check your eligibility.
Enterprise Singapore will generally provide indications and comments on an Enterprise Development Grant (EDG) application status within 2 to 2.5 months after submission. In some circumstances, the procedure may take longer if the application lacks clarity and requires further project explanation and clarification.
Eligible Small and Medium Enterprises (SMEs) can receive a grant of up to 80% of qualifying expenditures. There is, technically, no limit or cap on the grant amount. However, in most situation, the amount is directly proportional to the business's annual revenue.
- Select and hire our qualified & certified management consultants.
Our consultants will perform a preliminary assessment of your business.
- After completing the preliminary audit of your business, our consultants will collaborate with you to develop the project application and proposal detailing the scope of work.
- Our consultant will provide assistance in filling out the Enterprise Development Grant (EDG) application form and submit it through the Business Grant Portal.
- Upon receiving a reply and EDG confirmation, our consultants will begin working with you on the project.
Subjected to further documentation request, the list of documents to prepare are as follow:
- Latest ACRA Business Profile
- Audited Financial Statement or Management of Accounts
- Proof of Quotation of proposed project items from vendors
- Project proposal
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