Boosts Business Growth and Competitiveness

Enterprise Development Grant (EDG)

Up to 70% for SMEs
The EDG helps Singapore companies launch new projects to enhance their business, explore growth opportunities, and expand internationally. It funds tailored projects.
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Reach out to us to discover how we can help your business grow while tapping into the government grant.





    About this programme

    The Enterprise Development Grant (EDG) supports Singaporean companies embarking on new projects to improve their business, explore new avenues for growth, or expand overseas. It provides funding for individual projects customized to fit your business requirements.

    The EDG covers eligible project expenses such as third-party consultancy fees, software and equipment, and internal manpower costs.

    From 1 April 2023, SMEs can receive up to 50% support for EDG (sustainability-related projects may be supported at up to 70% from 1 April 2023 to 31 March 2026).

    Grant Eligibility
    Business entity registered and operating in Singapore
    Company has at least 30% local equity held directly or indirectly by Singaporean(s) and/or Singapore PR(s), determined by the ultimate individual ownership
    Company is financially ready to start and complete the project. Commonly used financial indicators, such as the current ratio, will be used for assessment.

    Notes:
    • Applications will be assessed by EnterpriseSG based on project scope, project outcomes and competency of the service provider.
    • Employers eligible for the SkillsFuture Enterprise Credit can qualify for additional subsidies under the scheme.

    Source: https://www.enterprisesg.gov.sg/financial-support/enterprise-development-grant

    The Benefit of Engaging a Certified Management Consultant (CMC)

    Relax and have a cup of coffee, let us handle the details! As a Certified Management Consultant (CMC) of Enterprise Development Grant (EDG). ES can help you make the most of the grant and achieve your business goals more effectively.

    Expertise in Grant Applications

    CMCs are experienced in navigating the application process for grants like the EDG, increasing the chances of a successful application.

    Tailored Solutions

    We can provide customized advice and solutions that align with your business needs and the requirements of the grant.

    Maximizing Grant Benefits

    CMCs can help you identify and leverage all available grant benefits to maximize the impact on your business.

    Project Management

    We can assist in managing the project funded by the grant, ensuring it stays on track and meets the grant requirements.

    Compliance and Reporting

    CMCs can help ensure that your project complies with the grant’s terms and conditions and assist with reporting requirements.

    Risk Management

    We can help identify and mitigate risks associated with the project, ensuring its success.

    Access to Networks

    CMCs often have networks that can be beneficial for your business, such as potential partners or collaborators.

    Cost-Effectiveness

    While there is a cost associated with engaging a CMC, the benefits they provide can outweigh this cost in terms of efficiency and effectiveness.

    There is never a better time
    GET UP TO 70% GRANT
    TO GET ISO CERTIFICATIONS
    Project Categories

    The EDG supports the growth and transformation of Singaporean companies by funding projects that facilitate business upgrades, innovation, or international expansion, across three categories

    Core Capabilities

    Projects categorized under Core Capabilities assist in preparing your business for growth and transformation by enhancing its foundational elements. These include areas such as business strategy, financial management, human capital development, service excellence, and strategic brand and marketing development.

    Business Strategy Development

    Formulate growth strategies and processes to improve your business development, better manage your intellectual property assets, optimise R&D operations, and implement sustainable practices.

    Projects accepted:

    • Diagnosis and gap analysis in your company
    • Assessment of internal and external factors, such as strengths and weaknesses, and competition
    • Development of a strategic roadmap, business frameworks, policies or processes
    • Recommendations and plans for implementation
    • Sustainability strategy projects that include one or more of the following components:
      • Assessment of sustainability risks and opportunities
      • Strategy development
      • Governance framework
      • Setting metrics and targets

    What is not covered:

    • Stand-alone IP registration costs
    • Stand-alone reports/assurance
    • Stand-alone set-up of sustainability unit and/or hiring of Chief Sustainability Officer/Sustainability Lead

    Financial Management

    Optimise your company’s financial performance and equip your management team with better skills to steward your company’s assets and resources more effectively.

    Projects accepted:

    • Diagnosis and gap analysis in your company
    • Development of a strategic roadmap, business frameworks, policies or processes
    • Recommendations and plans for implementation
    • Development of plans to optimise financing, investment, and risk management
    • Identification of business risk exposure, and development of proper risk management processes and controls
    • Formation of international corporate structures to minimise tax liabilities

    What is not covered:

    • Regulatory compliance costs, such as preparation of consolidated financial statements, accounting/ tax filing services
    • Drafting of legal documents
    • Procurement of ICT solutions

    Human Capital Development

    Strengthen your teams with the right skills as you scale and support business growth.

    Projects accepted:

    • Diagnosis and gap analysis in your company
    • Development of a strategic roadmap, business frameworks, policies or processes
    • Recommendations and plans for implementation

    Areas covered:

    • Compensation & Benefits
    • Employee Engagement & Communication
    • Employee Value Proposition
    • HR Management
    • International Mobility
    • Job Redesign
    • Learning & Development
    • Manpower Planning
    • Organisation Culture
    • Performance Management
    • Recruitment & Selection
    • Talent Management & Succession Planning

    What is not covered:

    • Standalone training courses
    • Incentives, benefits and welfare subsidies for employees

    Service Excellence

    Improve the quality of your service and products by gaining a deeper understanding of your customers’ needs and understanding their decision-making processes.

    Projects accepted:

    • Diagnosis and gap analysis in your company
    • Assessment of internal and external factors, such as strengths and weaknesses, and competitors
    • Development of a strategic roadmap, business frameworks, policies or processes
    • Recommendations and plans for implementation
    • Customer Diagnostics: Diagnosis and gap analysis of customer needs to improve service levels and drive customer-centric behaviour
    • Service Innovation: Adoption of advanced customer research, analytics and service process redesign to enhance customer experience

    Strategic Brand and Marketing Development

    Differentiate your brand and marketing offerings through strategies that better capture your target audience and extend your reach.

    Projects accepted:

    • Diagnosis and gap analysis in your company
    • Assessment of internal and external factors, such as strengths and weaknesses, and competitors
    • Primary or secondary research
    • Recommendations and plans for implementation
    • Development of effective brand strategy that appeals to targeted consumers and offers differentiated proposition from the competition
    • Assessment of a brand’s financial value and identification of brand levers
    • Development of a strategic plan to optimise marketing resources and improve customer communications

    What is not covered:

    • Production of corporate and/ or marketing collaterals, such as brochures, videos, websites, photography, stock pictures, and copywriting
    • Implementation of marketing or PR campaigns, including retainer fees of consultants, advertising and media buys, engagement of social media influencers, management of websites/ social media platforms, Search Engine Optimisation (SEO), and Search Engine Marketing (SEM)

    Innovation & Productivity

    Transform your business through innovative products, processes, and new business models. Optimise resource usage to make routine tasks more efficient and improve performance.

    Automation

    Improve resource efficiency through automation and technology.

    To defray the cost of large scale deployment of automation solutions, eligible businesses can also apply for the 100% Investment Allowance (IA). The support under IA is net of grant and the approved capital expenditure is capped at S$10 million per project. As announced at Budget 2023, the scheme will be extended for another three years until 31 March 2026.

    You may indicate your interest when applying for EDG. EnterpriseSG will evaluate the application and advise if you are eligible for the Investment Allowance.

    Projects accepted:

    • Adoption/development of sophisticated hardware and/or software solutions
    • Development of solutions that involve purchase of machinery and integration of systems
    • Training of staff to deploy solutions
    • Resource optimisation projects with specified projected quantitative resource efficiency improvements, such as reduction of:
      • Carbon emissions (tCO2e)
      • Energy consumption (kWh or kJ)
      • Waste generation (tons)
      • Water consumption (l or cm3)

    What is not covered:

    • Set-up costs that are essential to starting a business
    • Cost of equipment and gadgets, such as copiers, laptops, tablets and mobile phones
    • Equipment and software costs that are supported under the Productivity Solutions Grant (PSG)
    • Replacement/ addition of solutions with little changes to resource efficiency and no new capabilities developed, unless the replacement/ addition is part of a larger, integrated system that enhances resource efficiency
    • Replacement of faulty solutions or equipment
    • Installation of conventional, operational and off-the-shelf solutions, appliances or devices (e.g. energy-saving LED lightings, solar panels)

    Process Redesign

    Review existing processes and identify possible areas to improve efficiency before undertaking automation or technology transformation.

    Areas can cover:

    • Review and streamlining of workflow and processes to reduce or remove redundant processes
    • Exploring the use of technology to automate processes
    • Review and/ or development of performance measures
    • Development of tracking and measurement system
    • Development of detailed roadmap of actions for further improvement
    • Review of resource consumption and identifying areas of improvement
    • Piloting and implementation of recommended processes
    • Resource optimisation with specified projected quantitative resource efficiency improvements, such as reduction of:
      • Carbon emissions (tCO2e)
      • Energy consumption (kWh or kJ)
      • Waste generation (tons)
      • Water consumption (l or cm3)

    Product Development

    Develop innovative technology and products with the end goal of commercialisation, including sustainable products, services, and solutions.

    Areas can cover:

    • Assessment of market viability
    • Development of product roadmap and proposed functionalities for the product
    • Demonstration of market validation
    • Development of commercialisation plan
    • Review of IP considerations, such as IP/Trade Secrets protection, IP strategy, and Freedom to Operate analysis
    • Development of prototype and small batch production, where relevant
    • Sustainable products/services may be defined as those which:
      • are designed to be either: (a) more durable or energy or resource efficient (b) reparable (c) recyclable, or (d) made with a preference for recycled materials;
      • enable third parties to improve their sustainability performance

    What is not covered:

    • Development of first product
    • Projects with low levels of technology innovation in relation to industry norms

    Market Access

    Defray the costs of venturing overseas as you look to expand your business into overseas markets.

    Pilot Project and Test Bedding

    Expand into new geographical or product markets by building your track record and testing your products.

    Areas can cover:

    • Demonstration of product/solution viability and establishment of a track record to scale in new markets

    Standards Adoption

    Enter markets easily as you increase business competitiveness locally and internationally through an increased trust in your products and services.

    Areas can cover:

    • Assessment, training, first time certification and adoption of relevant standards for business growth.
    • Sustainability standards adoption

    What is not covered:

    • Cost of annual surveillance or recertification of current standards which the company is already certified to
    • Standards referred to in local regulatory acts
    • Product testing and validation of existing or off-the-shelf products
    • Basic standards such ISO 9001, SS 506, SS 444 and ISO 45001

    Source: https://www.enterprisesg.gov.sg/financial-support/enterprise-development-grant/