Enterprise Development Grant (EDG)

Enterprise Development Grant (EDG) Summary: A programme managed by Enterprise Singapore that offers qualifying companies grants to upgrade business, innovate or open branches overseas.

The Enterprise Development Grant (EDG) helps Singapore’s enterprises in their growth and transformation journeys. It funds up to 50% of qualifying costs for SMEs and up to 30% of qualifying costs for non-SMEs for related projects.

This grant supports projects that propel businesses forward, facilitating innovation and fostering international expansion across three main pillars: Core Capabilities, Innovation and Productivity, and Market Access.

 

What is the Scope of the Enterprise Development Grant?

The Enterprise Development Grant can be used to fund projects in the following categories and subcategories:

Core Capabilities

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

Innovation and Productivity

  • Automation
  • Process Redesign
  • Product Development

Market Access

  • Pilot Project & Test Bedding
  • Overseas Marketing Presence
  • Mergers & Acquisitions
  • Standards Adoption

 

Who Can Apply for the EDG?

To qualify for the EDG, a company must:

  • Be operational and officially registered in Singapore.
  • Have at least 30% local shareholding.
  • Be financially solvent to kick off and conclude the proposed project.

Enterprise Singapore will evaluate applicants with a focus on project scope, anticipated results, and the competencies of the service provider.

 

Application Fees and Subsidies

There are no obligatory application fees for schemes proposed by Enterprise Singapore. Furthermore, under the SkillsFuture Enterprise Credits (SFEC) scheme, qualifying employers who satisfy the following criteria may be entitled to additional subsidies:

  • You must have contributed a minimum of S$750 towards the Skills Development Levy over the specified duration.
  • You must have offered employment to at least three Singapore Citizens (SCs) or Permanent Residents (PRs) during the same period.
  • You should not have received SFEC in any prior periods.

 

What Documents Are Required for the Enterprise Development Grant Application?

When applying for the EDG, you will need to prepare the following documents:

  1. Up-to-date information or a recent search from the Accounting and Corporate Regulatory Authority (ACRA).
    a. If applicable, this should include details of the corporate parent(s).
  2. Your company’s audited financial statements or certified management accounts for the latest financial year, alongside consolidated financial statements for the ultimate parent company’s most recent financial year, if applicable.
  3. Quotation proofs for the project-relevant costs.
    b. If necessary, Enterprise Singapore may request justification for the vendor choice and alternate quotation sources.
  4. If management consultants are engaged for projects, present the consultants’ proposal outlining the scope of work, the breakdown of service man-day rate, and the Curriculum Vitae (CVs) of each consultant along with scanned copies of Enterprise Singapore-approved certification(s).