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Enterprise Development Grant

 

Singapore is ranked as one of the most business friendly countries in the world. This is mainly down to the Singapore government being extremely accommodating towards Singapore businesses. One particular way in which business activity is supported and encouraged is through the Singapore government’s generous grants to help businesses transform, scale and grow. One of these grants is the Enterprise Development Grant (EDG). The EDG consists of 3 main pillars. Core Capabilities, Innovation and Productivity and Market Access. Qualifying Singapore registered companies are eligible for the EDG. The grant supports up to 50% of the Qualifying Project Costs.

 

Our consulting practice has worked with numerous clients on their successful EDG projects. We have attached some case studies of our work with these clients and how a good relationship and close cooperation between client and consultant can bring great success and growth with the EDG.

Core
Capabilities

Projects under Core Capabilities help businesses prepare for growth and transformation by strengthening their business foundations.

  • Business Strategy Development
  • Financial Management
  • Human Capital Development
  • Service Excellence
  • Strategic Brand and Marketing Development

Innovation & 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.

  • Automation
  • Process Redesign
  • Product Development

Market
Access

Projects under Market Access support Singapore companies that are willing and ready to venture overseas.Youmaytap intotheEDGtohelp defray some of the costs of expanding into overseas markets.

  • Mergers andAcquisitions
  • Overseas Marketing Presence
  • Pilot Project and Test Bedding
  • Standards Adoption

EDG Criteria

 

 

 

1) Be registered and operating in Singapore

2) Have a minimum of 30% local shareholding

3) Be in a financially viable position to start and complete the project

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

5) Engage an Enterprise Singapore-recognized consultant

EDG Supports Up to 50% Qualifying Project Costs

– 3rd Party Consultancy Fees

– Software & Equipment

– Incremental Internal Manpower Cost