What is the Enterprise Development Grant (EDG)?

EDG aids Singapore-based companies in their business development and transformation. Businesses are provided opportunities to revamp their current business models, explore innovative processes and reach out to overseas markets. The government is currently providing a maximum support level of 80%.

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The grant supports projects under three pillars:

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Core Capabilities

Under this pillar, projects aim to ensure that businesses establish strong business foundations that would ready them for change and expansion. This covers more than just primary functions such as sales and accounting and seeks to ensure strong internal capabilities.

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Innovation and Productivity

Under this pillar, projects enable companies to look into novel growth strategies, business strategies and processes for productivity. This could involve restructuring business processes or exploring business automation solutions to increase efficiency.

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Market Access

Under this pillar, projects aim to assist businesses in expanding overseas and support them in establishing an overseas presence. To cover some of the costs of overseas ventures, businesses can tap into the EDG. 

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As of 30 December 2020, the Market Readiness Assistance Grant (MRA) will support businesses' Overseas Marketing Presence (OMP).

Marketing Presence (OMP) will be supported under the Market Readiness Assistance Grant (MRA). Please refer here for more details.

 

What does the EDG support?

The EDG grant funds project costs which fulfil requirements. Specifically, third-party consultancy-related costs, software and equipment as well as internal manpower costs.  

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Is my business eligible for the EDG grant?

To be eligible for the EDG grant, your business entity has to be registered and based in Singapore. You also need to have at least 30% of local shareholding and be in a financially viable position to ensure your ability to start and wrap up the project. 

Enterprise Singapore will evaluate all grant applications based on the project scope, project outcomes and business capabilities. 

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Note: As of 1st April 2020, companies keen on applying for the EDG applications have to demonstrate an undertaking of worker outcomes. This includes wage raise, job creation,  job re-design, or supporting existing employees for re-training. 

• E2i partners and unionised companies can qualify for an additional 10% funding, endorsed by NTUC-e2i.

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Are there additional subsidies?​

Eligible businesses can also apply for additional subsidies if they fulfil the relevant requirements. 

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1. SkillsFuture Enterprise Credits (SFEC) scheme

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Requirements: 

Contributed minimally S$750 Skills Development Levy over the qualifying periods, employed at least three Singapore Citizens (SCs) or Permanent Residents (PRs) monthly during the same period and have not been eligible for SFEC previously 

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Qualifying Periods: 

1st April 2019 – 31st March 2020

1st July 2019 – 30th June 2020

1st October 2019 – 30th September 2020

1st January 2020 – 31st December 2020

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*Overview for Project Application:

• 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. 

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