EDG

EDG Grant Application

Below is a quick guide on EDG Grant Application:

1. 1. Check if you qualify for the Enterprise Development Grant (EDG Grant). 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
   2. Identify the key project category you wish to apply for.
   3. Scope your project
   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:
      1. 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.
      2. 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:
      1. 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.
      2. Audited financial statements or certified management accounts for the last FY of your company and consolidated financial statements for the last FY of your ultimate parent company, if applicable.
      3. Relevant proof of quotation for the cost of your project items.
      4. 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.
   8. 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)
      • Impact on workers (Singaporean/ PR) benefitting from project in the form of increased wages, job creation, job-redesign or training
   9. Sign in to the Business Grants Portal with your CorpPass.
   10. A complete submission will usually take eight to twelve weeks from the time you submit your project application. We may contact you via the Business Grant Portal for clarifications.
   11. If you are awarded the grant, your company will receive a Letter of Offer (LOF) indicating the conditions of support and the amount of grant awarded. You need to acknowledge receipt and accept the LOF within the timeline indicated, otherwise the application would be considered invalid.

Contact Us 
Contact us now and our friendly customer service consultants will be in touch with you to understand your needs & requirements and conduct a preliminary assessment of your eligibility for EDG or assist you in your EDG Grant application.