Expanding your business, strengthening core capabilities, or enhancing productivity often requires investment in time, expertise, and capital. The Enterprise Development Grant (EDG) is a comprehensive support scheme designed to help Singapore companies take bold steps toward growth and transformation.
Whether you’re aiming to upgrade internal processes, develop innovative products, or expand overseas, the EDG is your gateway to future-ready capabilities.
What is the EDG?
The Enterprise Development Grant supports Singapore businesses in their transformation journey by funding up to 50% of eligible project costs. For certain sustainability-related projects, support may be increased temporarily.
The grant covers a broad range of project expenses, including consultancy fees, software and equipment, and internal manpower. Its flexible structure allows businesses to tackle different areas of growth under one unified support system.
Key Pillars of Support
The EDG supports projects under three strategic pillars:
1. Core Capabilities
This category helps companies build strong foundations for long-term growth. Projects under this pillar aim to sharpen internal strategies and streamline operations in key areas such as:
- Business Strategy Development: Aligning your business goals with market trends and long-term planning.
- Financial Management: Enhancing budgeting, forecasting, and capital structuring.
- Human Capital Development: Optimizing human resource practices and employee development.
- Service Excellence: Improving customer experience and service standards.
- Strategic Branding and Marketing: Elevating your brand image and marketing effectiveness locally and globally.
2. Innovation and Productivity
Businesses looking to enhance efficiency, reduce costs, or introduce innovative offerings can explore this category. Focus areas include:
- Process Redesign: Rethinking workflows to improve speed and reduce waste.
- Product Development: Creating new or significantly improved products and services.
- Automation: Implementing technology solutions to enhance operational productivity and accuracy.
3. Market Access
If you’re planning to expand into overseas markets, this pillar offers strong support. Projects can involve:
- Market Penetration Strategy: Establishing a new foothold in targeted countries or regions.
- Pilot Testing: Validating new products or services in foreign markets.
- Overseas Marketing and Branding: Building your reputation and brand recognition abroad.
- Merger & Acquisition Support: Assisting with the due diligence and setup for strategic overseas acquisitions.
Who is Eligible?
The EDG is designed for Singapore-registered companies that are serious about growth. To qualify, a business must:
- Be registered and operating in Singapore
- Have at least 30% local shareholding (Singaporean or Permanent Resident ownership)
- Be financially ready to undertake the project (assessed through recent financial performance)
Companies across all industries are welcome to apply, provided they are committed to long-term transformation and capability development.
What Does the EDG Cover?
The grant supports a wide range of project costs, including:
- Third-party consultancy fees for experts and service providers involved in project execution
- Software and hardware required for automation or digital transformation
- Internal manpower costs directly related to the project
- Training and change management necessary to support the new initiatives
Each project will be assessed based on its impact on business growth, its feasibility, and the qualifications of the vendors or consultants involved.
Application Process
Applying for the EDG requires strategic planning and clear documentation. Here’s how it typically works:
Step 1: Scope Your Project
Identify which of the three support pillars your business transformation project falls under and define your desired outcomes.
Step 2: Choose a Vendor or Consultant
Engage an experienced consultant or vendor with a strong track record to assist in project development and delivery.
Step 3: Prepare Your Proposal
Develop a detailed project proposal including:
- Business challenges and goals
- Clear deliverables and timeline
- Budget breakdown and consultant quotes
- Expected outcomes and ROI
Step 4: Submit via Business Grants Portal
All applications are submitted online through the Business Grants Portal. You will need your company’s ACRA profile, recent financial statements, and a well-prepared project proposal.
Step 5: Review & Approval
Applications are evaluated based on the scope, impact, feasibility, and financial health of your company. Once approved, you will receive a Letter of Offer with grant details and conditions.
Step 6: Start and Complete the Project
You may begin your project only after receiving formal approval. Upon completion, a report and necessary claim documentation will need to be submitted to receive disbursement.
Why Consider the EDG?
In today’s competitive and evolving landscape, businesses that fail to adapt risk falling behind. The EDG empowers companies to:
- Achieve operational efficiency
- Innovate and stay relevant
- Scale up locally and overseas
- Build resilience for future challenges
- Strengthen core capabilities across departments
Whether you’re looking to enter new markets, automate outdated processes, or enhance internal strategies, the EDG offers valuable financial support to make it happen.
Let Us Help You Succeed
Navigating the EDG application process can be complex—but you don’t have to do it alone. We specialize in guiding Singapore companies through every step of the EDG journey, from initial planning and proposal writing to submission and post-project claims.
Our team understands what it takes to design a successful grant project and secure approval. Let us help you unlock your business potential with the EDG.
Ready to take the next step?
Contact us today to discuss how your company can benefit from the Enterprise Development Grant.