- Business Strategy Development
To spur the growth of your company through interventions in business strategies. - 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. - Human Capital Development
To strengthen your company’s Human Resource (HR) capabilities, so as to support business growth strategies. - Service Excellence
To improve your company’s service delivery by gaining a deeper understanding of customers’ needs and decision-making processes. - Strategic Brand and Marketing Development
To help your company better capture target audiences and markets by differentiating your brand, and your products and services.
Today and into the future, companies that thrive are the ones that have strong business foundations and strategies, adopt technology and innovative processes, and grow their overseas presence.
The Enterprise Development Grant (EDG) helps Singapore companies grow and transform. This grant supports projects that help you upgrade your business, innovate or venture overseas, under three pillars:
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.
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.
You are encouraged to innovate and transform your business to create a new business model or innovative products and processes.
- Automation
To support your company’s usage of automation and technology which can result in tangible benefits and significant growth. - 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. - Product Development
To help your company develop innovative technology and products with the end goal of commercialisation.
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.
- 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. - Overseas Marketing Presence (OMP)
To help your company expand into new markets by setting up an overseas presence to begin marketing and/ or business development activities. - Pilot Project and Test Bedding
To help your company expand into new geographical or product markets by building your track record. - 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.
What does the EDG support?
The grant funds up to 70% of qualifying project costs namely third party consultancy fees, software and equipment, and internal manpower cost.
Who can apply?
To qualify for the EDG, 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
Applications will be assessed by Enterprise Singapore based on project scope, project outcomes and competency of service provider.
Pre-application
Check if you qualify for the Enterprise Development Grant (EDG). You need to:
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- 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
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2. Identify the key project category you wish to apply for.
3. If you need help to scope your project, please refer to the project details within each section. You can also download the relevant project proposal templates and supporting document checklist to guide you in your preparation. Three project proposal templates are available to guide your preparation for submission for the relevant project categories.
You may approach the SME centres to discuss your projects.
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:
- 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.
- 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:
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- 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.
- Latest audited financial statement (no earlier than 12 months from date of project application) of your company and consolidated financial statement of your ultimate parent company, if applicable. This is not required if you have provided the information for a prior project within the last 12 months, and there are no changes to the documents.
- Relevant proof of quotation for the cost of your project items.
- 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.
Click here for the EDG Application Checklist
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)
Application
Sign in to the Business Grants Portal with your CorpPass. If you do not have a CorpPass account, please refer to the CorpPass Guide for instructions on how to set one up.
A complete submission will usually take eight to ten weeks from the time you submit your project application. We may contact you via the Business Grant Portal for clarifications.
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.
Step 1: Refer to Letter of Offer
Refer to your Letter of Offer for details on:
- Project Qualifying Period
- Project Deliverables
Projects should have been completed within the specified qualifying period, and all project deliverables should have been achieved.
Step 2: Prepare Documents
Prepare the following documents required for claims submission (Claims submission checklist):
- For first time applicants, complete the Giro form and mail it to the address indicated on the document.
- No action required if there is no change to the Giro details previously submitted to ESG.
- Deliverables Documentation
- Project Summary report (Project Summary report template)
- Documentation of project deliverables (e.g. consultant’s report, images of equipment, etc)
- Cost Items Documentation for audit (e.g. Invoices, bank statements, employment contract, etc.).
- For first time applicants, complete the Giro form and mail it to the address indicated on the document.
Step 3: Submit Claims on ESGP and select auditors
Submit claims
- Log on to the Enterprise Singapore Grant Portal (ESGP) and select “claims submission”. Refer to the ESGP Step-by-Step guide and Enterprise Singapore Grant Portal FAQ for more information.
- Upload the project summary report and the documentation of project deliverables in the ‘Project Information’ tab.
Select auditors
- In the ESGP Claim application, select an auditor from Enterprise Singapore’s Pre-Qualified Panel to verify your claim submission, unless expressly exempted by Enterprise Singapore.
- Upload the cost items documentation (e.g. invoices, bank statements) as Claims Submission documents in the ‘Claim Information’ tab.
- Upon completion of the above steps, submit the claims application. Record the claims application code for future reference. If you require technical support regarding the submission of the claims application, please contact Enterprise Infoline.
What happens after you have submitted your claims
- An Enterprise Singapore officer will verify that the project deliverables have been met, and may contact you for further information if required. A site visit or presentation meeting may be arranged for this purpose. You may be asked to revise your Project Report if the information is incomplete.
- Concurrently, the auditor that you have appointed will verify your claim documents and issue an Audit Report upon completion of the verification. The auditor may contact you for further information if required.
- The approved claim amount will be disbursed within six to eight weeks via GIRO to your designed bank account after successful verification of project deliverables AND expenses. First time applicants will need to ensure your GIRO account is set up and furnish the GIRO information to Enterprise Singapore for fund disbursement.
- You will be informed via email when the grant has been approved and disbursed.
- An email will also be sent out by DBS to the email address stated in the GIRO form to confirm the transaction.
