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Today and into the future, companies that thrive are the ones that have strong business
foundations and strategies, adopt technology and innovative processes, and grow their overseas
presence.
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:
1. Core Capabilities
Projects under Core Capabilities help businesses prepare for growth and transformation
by strengthening their business foundations. These should go beyond basic functions such
as sales and accounting.
Projects under Innovation and Productivity support companies that explore new areas of
growth, or look for ways to enhance efficiency. These could include reviewing and
redesigning workflow and processes. Companies could also tap into automation and
technologies to make routine tasks more efficient.
3. Market Access
Projects under Market Access support Singapore companies that are willing and ready to
venture overseas. You may tap into the EDG to help defray some of the costs of
expanding into overseas markets.
The grant funds up to 70% of qualifying project costs namely third party consultancy fees,
software and equipment, and internal manpower cost.
Core Capability
Financial Management
To optimise your company’s financial performance in order to support corporate strategy and
growth and/or equip your management team with the right competencies so they can be good
stewards of your company’s assets and resources.
Service Excellence
To improve your company’s service delivery by gaining a deeper understanding of customers’
needs and decision-making processes.
You are encouraged to innovate and transform your business to create a new business model or
innovative products and processes.
1. Automation
To support your company’s usage of automation and technology which can result in
tangible benefits and significant growth.
2. Process Redesign
To help your company review existing processes and identify possible areas to improve
efficiency. This is a critical first step before introducing automation or technology.
3. Product Development
To help your company develop innovative technology and products with the end goal of
commercialisation.
Automation
To support your company’s usage of automation and technology which can result in tangible
benefits and significant growth.
Note:
To defray the cost of large scale deployment of automation solutions, eligible businesses
can also apply for the Automation Support Package.
Process Redesign
To help your company review existing processes and identify possible areas to improve
efficiency. This is a critical first step before introducing automation or technology.
Support level:
SMEs: up to 50% for qualified software and equipment costs; up to 70% for all other
qualified costs.
Non-SMEs: up to 30% for qualified software and equipment costs; up to 50% for all
other qualified costs.
Resources:
Market Access
Projects under Market Access support Singapore companies that are willing and ready to venture
overseas. You may tap into the EDG to help defray some of the costs of expanding into overseas
markets.
To help your company grow through M&A. This may be in the planning, assessment of
potential mergers and/or acquisition or post-M&A stage integration.
To help your company expand into new markets by setting up an overseas presence to
begin marketing and/ or business development activities.
To help your company expand into new geographical or product markets by building
your track record.
4. Standards Adoption
You must:
Eligible expenses:
Salary of maximum two business development staff stationed at the market (of which,
one has to be a Singaporean or Permanent Resident).
Rental expenses of the specified location.
Support level:
Note:
The product should be new and must not be generating any revenue at the point of grant
application.
Support level:
Standards Adoption
To help your company adopt internationally-recognised standards and certifications in key
industries, as well as in new and emerging sectors. By doing so, your company should achieve
outcomes, such as increased business competitiveness locally and internationally, enhanced
market access, and/ or increased trust in your products and services.
Pre-application
1. Check if you qualify for the Enterprise Development Grant (EDG). You need to:
o Be registered and operating in Singapore
o Have a minimum of 30% local shareholding
o Be in a financially viable position to start and complete the project
2. Identify the key project category you wish to apply for.
3. If you need help to scope your project, please refer to the project details within each
section. You can also download the relevant project proposal templates and supporting
document checklist to guide you in your preparation. Three project proposal templates
are available to guide your preparation for submission for the relevant project categories.
o EDG Project Proposal Template-Core Capabilities
o EDG Project Proposal Template-Innovation Productivity
o EDG Project Proposal Template-Market access
4. Identify suitable providers to support your project. Companies applying for EDG support
for consultancy-related costs must engage management consultants with Enterprise
Singapore-recognised certification. Those who do not need to be certified are:
i. Members/ specialists in the consultancy team who are not providing management
consultancy services, but are performing dedicated functions, such as market
research, audit, fieldwork, design/ artwork, equipment installation, and drafting of
legal agreements.
ii. Consultants offering technical advice and expertise in the development of new
technology, and solutions vendors.
5. The EDG only supports projects that are new and not generating any revenue at the point
of grant application. A project is considered to have begun if suppliers and service
providers have already signed a contract, or if any work on the project scope has begun or
if payment has been received for the project.
Applicants will have to provide projected figures in the following areas arising from the
implementation of the project:
Company revenue
Staff remuneration
Depreciation
Net operating profit before tax for three years’ post-project (inclusive of the year of
project completion)