Enterprise Development Grant 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: 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. 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. 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. As of 30 December 2020, Overseas Marketing Presence (OMP) will be supported under the Market Readiness Assistance Grant (MRA). What does the EDG support? The grant funds 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 a business entity 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. Eligible employers who fulfil the following criteria can also qualify for additional subsidies under the SkillsFuture Enterprise Credits (SFEC) scheme: Have contributed at least S$750 Skills Development Levy over the qualifying period Have employed at least three Singapore Citizens (SCs) or Permanent Residents (PRs) every month over the same period Have not been qualified for SFEC at any of the earlier periods
Find out how to apply for the EDG here.