top of page

BUSINESS STRATEGY DEVELOPMENT

​

Business strategy development projects aim to improve current business strategies and implement growth strategies. Project outcomes include equipping your business with effective business models to support expansion both locally and to overseas markets as well. 

​

What Would A Business Strategy Development Project Look Like?

​

The project scope could include: 

  1. Evaluating the strengths and weaknesses of the current business model according to Enterprise Singapore's BE (Business Excellence) standards. 

  2.  Evaluating internal factors such as financial resources and external factors such as competitor brands.  

  3.  Introduce changes such as new business frameworks to fill in the gaps of current business strategies. These changes would seek to ensure that your business would gain a competitive advantage in target markets.

  4.  Formulation of growth strategies. 

  5.  Formulate ways to safeguard and generate revenue from intellectual properties. 

​

* For more information about Business Excellence, click here.

​

What Kind Of Items And Or/ Activities Are Not Supported By The EDG Grant?

  1. Intellectual Property registration costs.

  2. Operational costs incurred from activities outside the project.

​

What Is The Funding Support Level? 

Enterprise Singapore is providing a maximum support level of 80% for costs for SMEs  and 60% of qualified costs for Non-SMES from 1 April 2020 to 31 March 2022.

​

*Overview For Project Application:

Enterprise Singapore is providing a maximum support level of 80% for costs for SMEs  and 60% of qualified costs for Non-SMES from 1 April 2020 to 31 March 2023.

​

  • You will need to submit a solid business plan that showcases sound financial management.

  • It is preferred if you have a good plan for human capital development.

  • A plan for your company's sustainable growth is ideal.

  • A credible service provider &/or certified management consultant is required (with Enterprise Singapore-recognised Certification)

  • Be prepared to submit documents such as your financial statements from the previous year.

  • Application is to be done on the Business Grants Portal.

 

Drop us a message to find out more about the consultancy services provided. For more information about the grant application process, refer to our FAQ.

bottom of page