Enterprise Development Grant (EDG)
The Enterprise Development Grant (EDG) helps Singapore companies grow and transform, to have strong business foundations and strategies, adopt technology and innovative processes, and grow their overseas presence.
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.
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.
This grant supports projects that help you upgrade your business, innovate or venture overseas, under three pillars:
What does the EDG support?
The grant funds qualifying project costs namely third party consultancy fees, software and equipment, and internal manpower cost.
As announced at Supplementary Budget 2020, the maximum support level will be raised to 80% from 1 April 2020 to 30 September 2021.
For enterprises that are most severely impacted by COVID-19, the maximum support level may be raised to 90% on a case-by-case basis until 31 December 2020.
Eligibility & Application
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 company may also claim for 90% funding under SkillFuture Enterprise Credit. Click here to find out more
You may contact us if you are interested to know more about the grant.