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Overview

Enterprise Development Grant

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.

2. Innovation and Productivity

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.

What does the EDG support?

The grant funds up to 70% of qualifying project costs namely third party consultancy fees,
software and equipment, and internal manpower cost.

Who can apply?

To qualify for the EDG, you need to:

 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
Applications will be assessed by Enterprise Singapore based on project scope, project outcomes
and competency of service provider.

Core Capability

Business Strategy Development


To spur the growth of your company through interventions in business strategies.

Scope of work can cover:

 Diagnosis and gap analysis of your company


 Assessment of internal and external factors, such as strengths and weaknesses, and
competition
 Development of a strategic roadmap, business frameworks, policies or processes
 Recommendations and plans for implementation

Project may address any of these areas:

 Strengthening of management system and processes based on the internationally-


benchmarked Business Excellence Framework to achieve “Singapore Quality Class”
certification
 Formulation of growth strategies to capitalise on opportunities and enhance
competitiveness
 Analysis of the impact of tariffs and International Trade Agreements, and the
development of strategies to optimise business performance
 Development of strategies and processes to protect and monetise intellectual property
assets as well as optimise R&D operations

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.

Scope of work can cover:

 Diagnosis and gap analysis of your company


 Development of a strategic roadmap, business frameworks, policies or processes
 Recommendations and plans for implementation
Project may address any of these areas:

 Development of plans to optimise financing, investment, and risk management


 Identification of business risk exposure, and development of proper risk management
processes and controls
 Formation of international corporate structures to minimise tax liabilities

What is not covered:

 Regulatory compliance costs, such as preparation of consolidated financial statements,


accounting/ tax filing services
 Drafting of legal documents
 Procurement of ICT solutions

Human Capital Development


To strengthen your company’s Human Resource (HR) capabilities, so as to support business
growth strategies.

Scope of work can cover:

 Diagnosis and gap analysis of your company


 Development of a strategic roadmap, business frameworks, policies or processes
 Recommendations and plans for implementation

Project may address any of these areas:

 Compensation & Benefits


 Employee Engagement & Communication
 Employee Value Proposition
 HR Management
 International Mobility
 Job Redesign
 Learning & Development
 Manpower Planning
 Organisation Culture
 Performance Management
 Recruitment & Selection
 Talent Management & Succession Planning

What is not covered:

 Standalone training courses


 Incentives, benefits and welfare subsidies for employees

Service Excellence
To improve your company’s service delivery by gaining a deeper understanding of customers’
needs and decision-making processes.

Scope of work can cover:

 Diagnosis and gap analysis of your company


 Development of a strategic roadmap, business frameworks, policies or processes
 Recommendations and plans for implementation

Project may address any of these areas:

 Customer Diagnostics: Diagnosis and gap analysis of customer needs to improve


service levels and drive customer-centric behaviour
 Service Innovation: Adoption of advanced customer research, analytics and service
process redesign to enhance customer experience

What is not covered:

 Incentives for mystery shoppers and customer survey respondents

Strategic Brand and Marketing Development


To help your company better capture target audiences and markets by differentiating your brand,
and your products and services.

Scope of work can cover:

 Diagnosis and gap analysis of your company


 Assessment of internal and external factors, such as strengths and weaknesses, and
competition
 Primary or secondary research
 Recommendations and plans for implementation

Project may address any of these areas:


 Development of effective brand strategy that appeals to targeted consumers and offers
differentiated proposition from the competition
 Assessment of a brand’s financial value and identification of brand levers
 Development of a strategic plan to optimise marketing resources and improve customer
communications

What is not supported:

 Production of corporate and/ or marketing collaterals, such as brochures, videos,


websites, photography, stock pictures, and copywriting
 Implementation of marketing or PR campaigns, including retainer fees of consultants,
advertising and media buys, engagement of social media influencers, management of
websites/ social media platforms, Search Engine Optimisation (SEO), and Search Engine
Marketing (SEM)

Innovation and Productivity


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.

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.

Scope of work can cover:

 Adoption / development of sophisticated hardware and/or software solutions


 Development of solutions that involve purchase of machinery and integration of systems
 Training of staff to deploy solutions

What is not supported:

 Set-up costs that are essential to starting a business


 Cost of equipment and gadgets, such as copiers, laptops, tablets and mobile phones
 Equipment and software costs that are supported under the Productivity Solutions Grant
(PSG)

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.

Scope of work can cover:

 Review and streamline of workflow and processes to reduce or remove redundant


processes
 Explore the use of technology to automate processes
 Review and/or development of performance measures
 Development of tracking and measurement system
 Development of detailed roadmap of actions for further improvement

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:

 IMPACT assessment tool


 Productivity Centres

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.

1. Mergers and Acquisitions (M&A)

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.

2. Overseas Marketing Presence (OMP)

To help your company expand into new markets by setting up an overseas presence to
begin marketing and/ or business development activities.

3. Pilot Project and Test Bedding

To help your company expand into new geographical or product markets by building
your track record.

4. 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.
Mergers and Acquisitions (M&A)
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.

Project may address any of these areas:

 Development of M&A strategies that compliments and supports overall growth


 Feasibility study, for example a competitive scan or target search
 Evaluation of target during company acquisition. This can include legal, financial or tax
due diligence work
 Estimation of a company's current value
 Development of change management plan for post-merger entity to integrate people,
processes and culture

What is not supported:

Overseas Marketing Presence (OMP)


To help your company expand into new markets by setting up an overseas presence to begin
marketing and/ or business development activities.

You must:

 Use the grant for marketing and/ or business development.


 Meet the New Market Criteria (NMC), which is defined as a new city where the company
has not had sales in excess of S$100,000 in any one year for the past three years.
 Post at least one Singaporean or Permanent Resident to be based in the market to conduct
marketing and/ or business development work.

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.

In addition, all projects are subjected to:

 A grant cap of S$100,000 per project


 Maximum support duration of 12 months per project

Support level:

 SMEs up to 70%; non-SMEs up to 50% of qualified costs.


Resources:

 New Market Entry Support

Pilot Project and Test Bedding


To help your company expand into new geographical or product markets by building your track
record.

Scope of work covers:

 Demonstration of product / solution viability and establishment of a track record to scale


in new markets

Note:

 The product should be new and must not be generating any revenue at the point of grant
application.

Support level:

 SMEs up to 70%; non-SMEs up to 50% of qualified costs.

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.

Scope of work covers:

 Assessment and adoption of relevant standards for business growth

What is not covered:

 Cost of annual surveillance or recertification of current standards which the company is


already certified to
 Standards referred to in local regulatory acts
 Product testing and validation of existing or off-the-shelf products
 Basic standards such as ISO 9001, ISO 14001,OHSAS 18001, SS 506, and ISO 45001

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

You may approach the SME centres to discuss your projects.

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.

6. Prepare the project proposal.

7. Prepare the following documents:


. Latest ACRA search or instant information (dated no earlier than 6 months from
date of project application). If there are corporate shareholders, please provide the
information for the corporate parents as well.
i. Latest audited financial statement (no earlier than 12 months from date of project
application) of your company and consolidated financial statement of your
ultimate parent company, if applicable. This is not required if you have provided
the information for a prior project within the last 12 months, and there are no
changes to the documents.
ii. Relevant proof of quotation for the cost of your project items.
iii. For projects where management consultants are engaged, please include the
consultants’ proposal detailing the scope of work, man-day rate breakdown of the
service, as well as the CVs and scanned copies of Enterprise Singapore-
recognised certification(s) of each individual consultant.

Click here for the EDG Application Checklist

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)

Click here to apply for the EDG.

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