Enterprise Development Grant (EDG)
Enterprise Development Grant (EDG)
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.
In a competitive market like Singapore, companies that thrive are undoubtedly the ones that have strong business foundations and strategies, adopt technology and innovative processes, and grow their overseas presence.
The Enterprise Development Grant (EDG) Singapore stands as a dynamic catalyst within the nation’s economic framework, propelling indigenous enterprises toward higher echelons of growth and resilience. Comprising a strategic trinity of Core Capabilities, Innovation and Productivity, and Market Access, the EDG serves as an instrumental enabler for businesses seeking to fortify their foundations, embrace cutting-edge technologies, and explore new horizons. By extending financial support to eligible projects across these pivotal domains, the EDG not only nurtures a culture of innovation and transformation but also fortifies Singapore’s position as a global nexus of commerce and ingenuity. As the nation continues to evolve in an era of rapid change, the EDG remains a steadfast partner, empowering businesses to transcend challenges and cultivate sustainable success in an interconnected and competitive landscape.
STRATEGIC BRAND &
MARKETING DEVELOPMENT
FINANCIAL MANAGEMENT
BUSINESS STRATEGY
DEVELOPMENT
What Does the EDG Support?
Third Party Consultancy Fees
Software & Equipment
Internal Manpower Cost
Grant support levels of 50% - 70%
Requirements
A Business Entity registered and operating in Singapore
Have a minimum of 30% local shareholding
Be in a financially viable position to start and complete the project
What Else You Should Know?
There are no compulsory application fees required for schemes offered by ESG. Any application fees quoted by individuals/ firms offering grant application services are not endorsed by the Government.
Employers eligible for the SkillsFuture Enterprise Credits (SFEC) can also qualify for additional subsidies under the scheme. Find out how to apply for the EDG
Our EDG Services
STRATEGIC BRAND &
MARKETING DEVELOPMENT
The purpose of this project is to help your business better reach target customers and markets through differentiating your brand, products and services.
FINANCIAL MANAGEMENT
The purpose of this project is to help 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.
BUSINESS STRATEGY DEVELOPMENT
The purpose of this project is to provide direction and focus for the organization, aligning all activities and resources towards a common goal.
Frequently Asked Questions
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)
- Strategic Brand and Marketing Development
- Financial Management
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.
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.
