Enterprise Development Grant | EDG
Local enterprises looking to build deeper capabilities, scale up and internationalise can do so with a new Enterprise Development Grant (EDG).
The Enterprise Development Grant (EDG) integrates support for enterprises to internationalise and develop capabilities to help them compete better locally and abroad. Existing customised enterprise grants from SPRING and IE Singapore, namely the Capability Development Grant (CDG) and the Global Company Partnership (GCP) Grant, will be harmonised to form EDG. The streamlined EDG will have common eligibility criteria, application platform and support level, thereby reducing confusion for companies. The objective of the new grant is to provide more holistic and cusomised support to local enterprises seeking to build deep capabilities, scale up and internationalise.
EDG will provide funding support for up to 70 per cent of qualifying costs from financial year 2018 to 2019.
EDG will support Singapore companies of all sizes on their growth journey through capability development and/or internationalisation in three key areas:
– Market & Business Development
– Innovation & Productivity
– Core Function & Capability
EDG will be administered by Enterprise Singapore*, and made available for companies to apply through the Business Grants Portal*, with effect from 4Q 2018. In the interim, companies can continue to apply for the existing CDG and GCP grants through the portal.
- *Enterprise Singapore is a new statutory board under the Ministry of Trade and Industry, formed by the merger of SPRING and IE (International Enterprise Singapore).
- Ministry of Trade and Industry Singapore (MTI) Press Release Issued on Issued on 1 March 2018.
- Projects under the CDG or EDG will be undertaken by KCG’s management consultants who are certified under Enterprise Singapore Consultant Quality Initiative (CQI)* certification programme.
- *Enterprise Singapore (https://spring.enterprisesg.gov.sg)