EDG Grant

EDG Grant- Overview

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 and Productivity, Market Access. In Bizsquare, we provide 2 kinds of EDG Grant – Financial Management, Strategic Brand and Marketing Development.

FINANCIAL MANAGEMENT

To maximize your company's financial results in order to help corporate strategy and development and/or provide your management team with the right skills to handle the company's assets and resources. To find out more about EDG Grant for Financial Management,

STRATEGIC BRAND AND MARKETING DEVELOPMENT

To help the business better reach target customers and markets by differentiating the brand, products and services. To find out more about the EDG Grant for Strategic Brand and Marketing Development,

Business Digitalization

Branding & Marketing Singapore Start-up mentor Singapore Management Consultant Singapore Loan Consulting Singapore EDG Grant

DIGITAL PRODUCTS

We help our clients create and grow their most creative ideas and become their digital product partners. We're moving beyond the MVP and focusing on enhancements and new functionality as our partnership develops.

Branding & Marketing Singapore Start-up mentor Singapore Management Consultant Singapore Loan Consulting Singapore EDG Grant

DIGITAL TRANSFORMATION

Whether it's a website, an application or a new technology, we create dynamic experience by auditing and optimizing entire digital ecosystems. We will have a detailed roadmap and become strategic partners in the process.

Branding & Marketing Singapore Start-up mentor Singapore Management Consultant Singapore Loan Consulting Singapore EDG Grant

DIGITAL INNOVATION

We partner with companies and organizations who aim to rapidly develop and test new technologies in developed or developing markets. We become a method guide as well as an implementation partner to design and develop your solution.

FREQUENTLY ASKED QUESTIONS (FAQ)

EDG is the short form for Enterprise Development Grant. This grant was announced in the Annual Budget 2018. In short, EDG is a grant for established local SMEs (Small Medium Enterprises) to help them grow and transform their businesses.

Yes, Enterprise Development Grant (EDG) is officially launched on 25 October 2018. It replaces Capability Development Grant (CDG).

You can get funding up to 70%. This means Enterprise Singapore may sometimes choose to fund only 50% of the project. It really depends on a number of factors.

EDG is under the new governmental agency called Enterprise Singapore, ESG in abbreviated form. ESG is a merged entity of SPRING and IE Singapore. They give the final green light to all grants. 

That really depends on the scope of the project. The grant is correlated to the size of the company in terms of turnover and manpower. We do not have the exact algorithm nor science on this. Neither ESG will give you a definite answer on this.

The projects can fall under these scope:
1. Core Capabilities
a) Strategic Brand and Marketing Development
b) Business Strategy Development
c) Human Capital Development
d) Service Excellence
e) Financial Management

2. Innovation and Productivity
a) Process Redesign
b) Product Development
c) Automation

3. Market Access
a) Overseas Marketing Presence (OMP)
b) Market Access
c) Pilot Project and Test Bedding
d) Mergers and Acquisitions (M&A)

Companies keen to apply for the Enterprise Development Grant (EDG) should meet these criteria:

  • 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

In general, startups are not eligible for EDG. If you are a startup, you can look at the ecosystem meant for startups: Startup SG network.

Our experience tells us that it should not be zero or just one. And the project sum must justify the size of the company. A good number should be 5 employees and they should not include directors, partners or owners.

Depending on the scope of your project, the timeline could range from 4 to 12 months. This includes time to establish proposed objectives and conduct research. Our typical branding project takes about 4 to 6 months.

From 1 January 2017, if you engage consultants, they need to be certified management consultants.  SMEs should ensure that consultants involved in EDG must possess Enterprise Singapore-recognised certification; failing which Enterprise Singapore reserves the right not to support the consultancy fees incurred. Bizsquare is a certified Consultants and are able to help you obtain the grant.

The application process is not particularly onerous. You can easily apply EDG at Singapore Business Grants Portal.

If you have officially appointed us as your consultant, we are more than happy to guide you along.

To apply for the Enterprise Development Grant (EDG), 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
  • Audited financial statements
  • Relevant proof of quotation or proposal
  • Management consultancy scopes
  • Relevant consultants’ certification

Project proposal templates are available to guide companies in their preparation for submission.

If you already appoint us as your consultant, we will write the project proposal for you.

There is no fixed timeline. It may take 1 to 2 months. Do understand Enterprise Singapore is running a lean team to handle EDG.

In theory, there are no restrictions on how many EDG Grants you can apply for. Currently, ESG allows you to apply and work on more than one EDG project at any given time. However, you can only apply for an EDG grant in a specified area once. This means that if you are awarded an EDG grant for Branding and Marketing once, you are no longer eligible for another EDG grant under the same category that is Branding and Marketing. However, you can still apply for EDG grants under other areas.