EDG Grant

Enterprise Development Grant

Good news! Local enterprises ( both SMEs * & non-SMEs) looking to build deeper capabilities, scale-up, and internationalize can do so with Enterprise Development Grant (EDG) which helps Singapore companies grow and transform, compete better locally and abroad.

You can defray costs such as management consultancy, training, certification, software, equipment, and incremental internal manpower cost with the Enterprise Development Grant (EDG). You can take on projects in areas like Business Processes Enhancements for Productivity, Business Excellence, and Service Excellence.

This grant supports projects that help you upgrade your business, innovate, or venture overseas. which may include:
– Core Capabilities improvement that helps businesses prepare for growth and transformation by strengthening their business foundations.
– Innovation and Productivity improvement which support companies that explore new areas of growth, or look for ways to enhance efficiency.
– Market Access expansion which supports Singapore companies that are willing and ready to venture overseas.

What does EDG support?

The grant funds qualifying project costs namely third party consultancy fees, software and equipment, and internal manpower cost.

Useful EDG Information

EDG Grant Eligibility
EDG Grant Application
EDG Application Guide
EDG Application Checklist
EDG Grant Consultant

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.

EDG Consulting Services

Below is the scope of our consulting service under Enterprise Development Grant (EDG) :

Business Strategy Development
Human Capital Development
Process Redesign
Productivity Improvement

Companies looking into tapping EDG Grant to transform, redesign, remodel, and streamline their process may want to consider our EDG Process Redesign Services. The overview of the scope of the Process redesign service is as follows:

Development of a detailed road map of actions for further improvement
Consultancy on business diagnostics and productivity road mapping, productivity project coaching and productivity framework development.
Consultancy on productivity improvement and business transformation within specific capability areas, such as lean management in the area of operations.
Training and workshops on innovation and productivity tools featuring hands-on simulation and application of macro-enabled tools.
Training and workshops on productivity management, application of productivity techniques and productivity consultancy.
Review and streamlining of workflow and processes to reduce or remove redundant processes
Review and/or development of performance measures
Development of tracking and measurement system

Frequently Asked Questions

Government Business Grants

The Covid-19 pandemic has been challenging for countries and businesses, but it is also a good opportunity for businesses to transform and improve. Coronavirus might be a great catalyst in history for business transformation as those who cannot change may not survive the drastic impact brought about by the virus. On the other hand, companies that can take the opportunity to transform, redesign, and streamline their business processes, develop the skills of their staff, embrace the correct technology, are likely to emerge stronger and more resilient when the economy recovers. The Singapore government recognizes this and encourages companies to leverage on the various government business grant to defray the cost of transformation during this challenging time. Enterprise Development Grant (EDG) is one of the grants that will provide companies with much support needed, and companies should consider making full use of it to transform their business.

1. What is Enterprise Development Grant (EDG)?

The Enterprise Development Grant (EDG) helps Singapore companies grow and transform their business. This grant supports projects that help companies to upgrade their business, innovate or venture overseas, under three pillars – Core Capabilities, Innovation and Productivity, and Market Access.

1.1 Core Capabilities

Projects under Core Capabilities help businesses prepare for growth and transformation by strengthening their business foundations. These should go beyond basic functions such as sales and accounting.

1.2 Innovation and 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.

1.3 Market Access

Projects under Market Access support Singapore companies that are willing and ready to venture overseas. You may tap into the EDG to help defray some of the costs of expanding into overseas markets.

2. What is the scope of Enterprise Development Grant (EDG) under Core Capabilities?

Core Capabilities

Projects under Core Capabilities help businesses prepare for growth and transformation by strengthening their business foundations. Projects under this pillar help businesses prepare for growth and transformation by strengthening their business foundations. Five areas supported include business strategy development, financial management, human capital development, service excellence, and strategic brand and marketing development.

1.Business Strategy Development
To spur the growth of your company through interventions in business strategies.

Scope of work can cover:
Diagnosis and gap analysis of your company
Assessment of internal and external factors, such as strengths and weaknesses, and competition
Development of a strategic roadmap, business frameworks, policies or processes
Recommendations and plans for implementation

The project may address any of these areas:
Formulation of growth strategies to capitalize on opportunities and enhance competitiveness
Analysis of the impact of tariffs and International Trade Agreements, and the development of strategies to optimise business performance
Development of strategies and processes to protect and monetise intellectual property assets as well as optimise R&D operations

2 Financial Management
To optimise your company’s financial performance in order to support corporate strategy and growth and/or equip your management team with the right competencies so they can be good stewards of your company’s assets and resources.

Scope of work can cover:
Diagnosis and gap analysis of your company
Development of a strategic roadmap, business frameworks, policies or processes
Recommendations and plans for implementation

Project may address any of these areas:
Development of plans to optimise financing, investment, and risk management
Identification of business risk exposure, and development of proper risk management processes and controls
Formation of international corporate structures to minimise tax liabilities

3 Human Capital Development
To strengthen your company’s Human Resource (HR) capabilities, so as to support business growth strategies.

Scope of work can cover:
Diagnosis and gap analysis of your company
Development of a strategic roadmap, business frameworks, policies or processes
Recommendations and plans for implementation

The project may address any of these areas:
Compensation & Benefits
Employee Engagement & Communication
Employee Value Proposition
HR Management
International Mobility
Job Redesign
Learning & Development
Manpower Planning
Organization Culture
Performance Management
Recruitment & Selection
Talent Management & Succession Planning

4 Service Excellence
To improve your company’s service delivery by gaining a deeper understanding of customers’ needs and decision-making processes.

Scope of work can cover:
Diagnosis and gap analysis of your company
Development of a strategic roadmap, business frameworks, policies or processes
Recommendations and plans for implementation

The project may address any of these areas:
Customer Diagnostics: Diagnosis and gap analysis of customer needs to improve service levels and drive customer-centric behavior
Service Innovation: Adoption of advanced customer research, analytics, and service process redesign to enhance customer experience

5 Strategic Brand and Marketing Development
To help your company better capture target audiences and markets by differentiating your brand, and your products and services.

Scope of work can cover:
Diagnosis and gap analysis of your company
Assessment of internal and external factors, such as strengths and weaknesses, and competition
Primary or secondary research
Recommendations and plans for implementation

The project may address any of these areas:
Development of effective brand strategy that appeals to targeted consumers and offers differentiated proposition from the competition
Assessment of a brand’s financial value and identification of brand levers
Development of a strategic plan to optimize marketing resources and improve customer communications

3. What is the scope of Enterprise Development Grant (EDG) under Innovation and Productivity?

Innovation and Productivity

Companies are encouraged to innovate and transform your business to create a new business model or innovative products and processes.

1 Automation
To support your company’s usage of automation and technology which can result in tangible benefits and significant growth.

Scope of work can cover:
Adoption/development of sophisticated hardware and/or software solutions
Development of solutions that involve the purchase of machinery and integration of systems
Training of staff to deploy solutions

2 Process Redesign
To help your company review existing processes and identify possible areas to improve efficiency. This is a critical first step before introducing automation or technology.

Scope of work can cover:
Review and streamlining of workflow and processes to reduce or remove redundant processes
Explore the use of technology to automate processes
Review and/or development of performance measures
Development of tracking and measurement system
Development of detailed roadmap of actions for further improvement

3 Product Development
To help your company develop innovative technology and products with the end goal of commercialization.

Scope of work can cover:
Assessment of market viability.
Evaluation of potential demand and user understanding.
Development of product roadmap and proposed functionalities for the product.
Demonstration of market validation.
Development of commercialization plan.
Review of IP considerations.
Development of prototype and small batch production, where relevant.

4. What is the scope of Enterprise Development Grant (EDG) under Market Access?

Market Access

Projects under Market Access support Singapore companies that are willing and ready to venture overseas. You may tap into the EDG to help defray some of the costs of expanding into overseas markets.

1 Mergers and Acquisitions (M&A)
To help your company grow through M&A. This may be in the planning, assessment of potential mergers and/or acquisition or post-M&A stage integration.

Project may address any of these areas:
Development of M&A strategies that compliments and supports overall growth
Feasibility study, for example a competitive scan or target search
Evaluation of target during company acquisition. This can include legal, financial or tax due diligence work
Estimation of a company’s current value
Development of change management plan for post-merger entity to integrate people, processes and culture

2 Pilot Project and Test Bedding
To help your company expand into new geographical or product markets by building your track record.

Scope of work covers:
Demonstration of product / solution viability and establishment of a track record to scale in new markets

Note:
The product should be new and must not be generating any revenue at the point of grant application.

3 Standards Adoption
To help your company adopt internationally-recognised standards and certifications in key industries, as well as in new and emerging sectors. By doing so, your company should achieve outcomes, such as increased business competitiveness locally and internationally, enhanced market access, and/ or increased trust in your products and services.

Scope of work covers:
Assessment and adoption of relevant standards for business growth

What is not covered:
Cost of annual surveillance or recertification of current standards which the company is already certified to
Standards referred to in local regulatory acts
Product testing and validation of existing or off-the-shelf products
Basic standards such as ISO 9001, ISO 14001,OHSAS 18001, SS 506, and ISO 45001

5. What is the qualifying criteria For EDG application?

To qualify for the EDG, companies 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

Applications will be assessed by Enterprise Singapore based on project scope, project outcomes, and competency of the service provider. EDG consultants must possess the necessary Enterprise Singapore-recognised Consultant Quality Initiative (CQI) certification.

6. How to apply for EDG?

Companies can apply for the Enterprise Development Grant (EDG) via the Business Grants Portal. The company’s CorpPass is required to apply.

The following information is required to apply for EDG:

ACRA information
Audited financial statements
Relevant proof of quotation or proposal
Management consultancy scopes
Relevant consultants’ certification

7. Why do I need to work with an Enterprise Singapore-recognised consultant? How do I benefit?

Enterprise Singapore-recognised consultants are certified by certification bodies specifically appointed to help businesses select management consultants in their business upgrading journey.

This certification recognizes management consultants who possess the right knowledge, competence, and ethics to support businesses in their projects and growth strategies.

8. What is the difference between Enterprise Development Grant (EDG) and Business Improvement Fund (BIF)?

The Singapore Tourism Board (STB) ‘s Business Improvement Fund (BIF) supports projects that specifically help tourism companies to upgrade the business or innovate, while Enterprise Singapore’s Enterprise Development Grant (EDG) support project across all industries. BIF is fully aligned with EDG.

Hence, A local company from the tourism industry should consider applying for BIF Grant instead of EDG Grant.

EDG Grant

Enterprise Development Grant

Useful EDG Information

Government Business Grants

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