The Enterprise Development Grant (EDG) is a single grant that integrates support for businesses in their growth and transformation. It replaces the Capability Development Grant (CDG) and the Global Company Partnership (GCP) with effect from 25 October 2018.
The EDG provides more complete help to companies who wish to upgrade, innovate, venture overseas, or are ready to embark on any combination of these strategies.
Applications for Capability Development Grant (CDG) and the Global Company Partnership (GCP) close from 24 October 2018, 1800hrs. The Enterprise Development Grant (EDG) is open for application from 25 October 2018.
Previously, the Capability Development Grant (CDG) provides support in capability development while the Global Company Partnership (GCP) helps companies venture overseas.
The EDG is a single grant that provides more complete help to companies who wish to upgrade, innovate, venture overseas, or are ready to embark on any combination of these strategies. Supported projects covers a wide scope under three pillars - Core Capabilities, Innovation and Productivity, and Market Access. Companies can apply for the EDG via the Business Grants Portal.
The Productivity Solutions Grant (PSG) and the Market Readiness Assistance (MRA) grant are separate schemes with different intents. The PSG supports companies looking to adopt specific productivity solutions or equipment, while the MRA supports companies who wish to take their first step into overseas markets. Since the areas of support have been pre-specified, the purpose of the PSG and MRA is largely to facilitate ease of adoption.
The Enterprise Development Grant (EDG) is a tool to support the growth and transformation needs of companies. Companies would need to submit individual project proposals with details on their business plans and project outcomes for evaluation.
Companies keen to apply for the Enterprise Development Grant (EDG) should meet these criteria:
The Enterprise Development Grant (EDG) funds up to 70% of qualifying costs for SMEs, and up to 50% of qualifying costs for non-SMEs. Refer to the specific project categories for any other eligibility conditions.
The Enterprise Development Grant (EDG) supports projects under three pillars:
The Enterprise Development Grant (EDG) supports projects that are executed domestically, as well as those that help companies to venture overseas.
In capability building and internationalisation projects, significant costs are usually incurred by companies related to third party consultancy, software and equipment, and internal incremental manpower. Other supportable cost components or areas of support may be available in the various project areas. Please refer to the specific sections for details.
Most projects undertaken by companies should be completed within 12 to 18 months upon successful grant application. However, projects under the Overseas Marketing Presence (OMP) category must be completed within 12 months.
You are advised to keep the project timeline to a reasonable duration, to ensure the outcomes remain relevant in a rapidly changing economic environment.
If your company has been awarded the Capability Development Grant (CDG) and/ or the Global Company Partnership (GCP) grant, you will not be affected. When your project is complete, you should proceed to submit claims based on the instructions provided under the respective grants.
You may find out more about the Enterprise Development Grant (EDG) from business advisors at the 11 SME Centres (www.enterprisesg.gov.sg/contact-info).
You may apply for the Enterprise Development Grant (EDG) via the Business Grants Portal. You will need your company’s CorpPass to apply.
To apply for the Enterprise Development Grant (EDG), you will need your company’s CorpPass. If your company does not have a CorpPass account, refer to the CorpPass Guide for instructions on how to set one up.
You need these information to apply for the EDG:
Project proposal templates are available to guide companies in their preparation for submission.
Yes. However, you are advised to consider the resources required to see through and implement more than one project while still managing your day-to-day business operations.
You may wish to consider why the previous application was rejected before submitting a new application. Projects that are not aligned with the intent of the Enterprise Development Grant (EDG), or those that have already commenced, will not be supported.
You may speak to business advisors at the 11 SME Centres (www.enterprisesg.gov.sg/contact-info) for advice on business upgrading.
It takes between eight to 10 weeks for an Enterprise Development Grant (EDG) application to be processed.
Yes. You are required to work with management consultants that possess Enterprise Singapore-recognised certification.
Enterprise Singapore-recognised consultants are certified by certification bodies specifically appointed to help businesses select management consultants in their business upgrading journey.
This certification recognises management consultants who possess the right knowledge, competence and ethics to support businesses in their projects and growth strategies.
Enterprise Singapore has appointed three certification bodies with reputed certification programmes. They are Institute of Management Consultants (Singapore), Singapore PMC Certification Pte Ltd and TUV SUD PSB Pte Ltd. Companies can find more information on their respective websites.