Companies should:

- Be registered and operating in Singapore

- Have a minimum of 30% local shareholding

- Be in a financially viable position to start and complete the project Find out if you are eligible here.

The Enterprise Development Grant (EDG) helps Singapore companies grow and transform. This grant supports projects that help you upgrade your business, innovate or venture overseas under three pillars: Core Capabilities, Innovation & Productivity and Market Access.

As announced in Budget 2022, the enhanced support level of 80% for certain industries has been further extended till 31 March 2023.

Yes. As announced in Budget 2022, the enhanced support level of 80% for certain industries has been further extended till 31 March 2023.

Companies can get up to 80% grant on qualifying costs.

The Enterprise Development Grant (EDG) funds up to 80% of qualifying costs for SMEs, and up to 60% of qualifying costs for non-SMEs. Grant applications will be assessed on Group Revenue and Group Employment Size. Refer to the specific project categories for any other eligibility conditions.

While there is no minimum or maximum amount, the company’s annual revenue will be placed into consideration. The company has to be in a financially viable position to start and complete the project.

The areas that EDG supports are the following:

Core Capabilities - Projects under this pillar help businesses prepare for growth and transformation by strengthening their business foundations.

• Strategic Brand & Marketing Development

• Business Strategy Development

• Human Capital Development

• Service Excellence

• Financial Management

Innovation and Productivity - Projects under this pillar support companies that explore new areas of growth, or look for ways to enhance efficiency.

• Product Development

• Process Redesign

• Automation

Market Access - Projects under this pillar support Singapore companies that are willing and ready to venture overseas.

• Pilot Project & Test Bedding

• Overseas Marketing Presence (OMP) & Market Readiness Assistance Grant (MRA)

• Mergers & Acquisitions (M&A)

• Standards Adoption

If you’d like to enhance your business in these areas, you may contact a certified consultant to get more information. Find out if you are eligible here.

Yes. However, your company will still have to meet these criterias:

• Be registered and operating in Singapore

• Have a minimum of 30% local shareholding

• Be in a financially viable position to start and complete the project.

While it is not a straight no, you would have to have: at least 3 employees, proper accounting done, and be in a financially viable position to start and complete the project.

• All companies applying for EDG have to commit to worker outcomes as part of the qualifying requirements.

• Worker outcomes include increase in wage increment, job creation, job redesign, or training for existing staff.

While the EDG supports projects that are executed locally, as well as those that help companies to venture overseas.

Applications are done via the Business Grants Portal. You will need your company’s CorpPass to apply.

Click

here

to speak with a certified consultant.

You will need your company’s CorpPass. If your company does not have a CorpPass account, refer to the CorpPass Guide for instructions on how to set one up.

You need these information to apply for the EDG:

• ACRA information

• Latest audited financial statements

• Project Proposal (see templates)

• Relevant proof of quotation or proposal

• Certified consultancy scopes & proposal

• Consultants’ certification

1. Ensure your business qualifies for EDG

2. Consult a certified management consultant or an SME advisor.

3. Prepare the Project Proposal

4. Prepare the relevant supporting documents

5. Submit application via Business Grants Portal.

• The approval process takes between 4 to 12 weeks, depending on industry, size of project, and workload of the Enterprise SG officers at that point of time. A professionally prepared proposal that showcases clarity and a strong intend to spark a growth in your business may help to speed up the process.

• Companies may be interviewed by ESG.

• Once approved, a letter of offer will be sent to you.

• You can then accept the offer and notify your project partners to commence work.

You will either receive a letter of offer or a letter of rejection.

Yes, you can email ESG to appeal.

You may speak with an SME advisor or a certified consultant.

Click here to speak with a certified consultant.

In capability building and internationalisation projects, significant costs are usually incurred by companies related to third party consultancy, software and equipment, and internal incremental manpower. Other supportable cost components or areas of support may be available in the various project areas.

Most projects undertaken by companies should be completed within 12 to 18 months upon successful grant application.

You are advised to keep the project timeline to a reasonable duration, to ensure the outcomes remain relevant in a rapidly changing economic environment.

• The Productivity Solutions Grant (PSG) and the Market Readiness Assistance (MRA) grant are separate schemes with different intents. The PSG supports companies looking to adopt specific productivity solutions or equipment, while the MRA supports companies who wish to take their first step into overseas markets. Since the areas of support have been pre-specified, the purpose of the PSG and MRA is largely to facilitate ease of adoption.

• The Enterprise Development Grant (EDG) is a tool to support the growth and transformation needs of companies. Companies would need to submit individual project proposals with details on their business plans and project outcomes for evaluation.

If your company has been awarded the Capability Development Grant (CDG) and/ or the Global Company Partnership (GCP) grant, you will not be affected. When your project is complete, you should proceed to submit claims based on the instructions provided under the respective grants.

• You may wish to consider why the previous application was rejected before submitting a new application. Projects that are not aligned with the intent of the Enterprise Development Grant (EDG), or those that have already commenced, will not be supported.

• You may speak to business advisors at the 11 SME Centres for advice on business upgrading.

Yes. You are required to work with management consultants that possess Enterprise Singapore-recognised certification. This is so as certified consultants would have passed a stringent selection process with exams, verified track records of successful consultancy projects, and interviews with a panel of senior consultants.

Click here to speak with a certified consultant.

• Enterprise Singapore-recognised consultants are certified by certification bodies specifically appointed to help businesses select management consultants in their business upgrading journey.

• This certification recognises management consultants who possess the right knowledge, competence and ethics to support businesses in their projects and growth strategies.

Click here to speak with a certified consultant.

Enterprise Singapore has appointed three certification bodies with reputed certification programmes. They are Institute of Management Consultants (Singapore), Singapore PMC Certification Pte Ltd and TUV SUD PSB Pte Ltd. Companies can find more information on their respective websites.

Click here to speak with a certified consultant.