Grant

Enterprise Singapore: Enterprise Development Grant (EDG) FAQs

By October 25, 2018 No Comments

Do you have burning questions on the Enterprise Development Grant (EDG)? Look no further. Below is a list of Frequently Asked Questions (FAQs) that we’ve compiled.

1. What is the Enterprise Development Grant (EDG)?

The Enterprise Development Grant (EDG) is a grant that provides support for a business’s growth and transformation. It gives a more comprehensive help to companies who seek to upgrade, innovate, venture overseas or are prepared to take up any combination of these strategies.

2. Who administers the EDG?

Enterprise Singapore is the government agency that administers the EDG.

3. Who approves the EDG?

Enterprise Singapore is the government agency that approves the EDG.

4. Who is Enterprise Singapore?

International Enterprise Singapore and SPRING came together on 1 April 2018 as a single agency to form Enterprise Singapore. It is the government agency that champions enterprise development.

5. Can I still apply for the Capability Development Grant (CDG) and/or the Global Company Partnership Grant?

No. Applications for the Capability Development Grant (EDG) and the Global Company Partnership (GCP) was ceased on 24 October 2018, 1800hrs. The Enterprise Development Grant (EDG) is open for application from 25 October 2018.

6. What are the requisites for the EDG application?

To qualify for EDG, your business must:

  • Be registered and operating in Singapore
  • Have a minimum of 30% local shareholding
  • Be in a financially viable position to start and complete the project

7. Can a startup apply for EDG?

Unlikely. For startups, there are already existing grants like Startup SG Founder and Startup SG Tech.

8. What are the supported projects and/or activities under EDG?

EDG supports projects and/or activities that are under:

  1. Core Capabilities
    i) Business Strategy Development
    ii) Financial Management
    iii) Human Capital Development
    iv) Service Excellence
    v) Strategic Brand and Marketing Development
  2. Innovation and Productivity
    i) Automation
    ii) Process Redesign
    iii) Product Development
  3. Market Access
    i) Mergers and Acquisitions (M&A)
    ii) Overseas Marketing Presence (OMP)
    iii) Pilot Project and Test Bedding
    iv) Standards Adoption

9. How much grant support can I get from EDG?

In general, EDG funds up to 70% of qualifying costs for SMEs, and up to 50% of qualifying costs for non-SMEs.

Specifically for projects under Automation, Process Redesign and Product Development, EDG funds:

SMEs

  • Up to 50% for qualified software and equipment costs
  • Up to 70% for all other qualified costs

Non-SMEs

  • Up to 30% for qualified software and equipment costs
  • Up to 50% for all other qualified costs

10. Is there a grant cap for EDG?

Yes. For projects under Overseas Marketing Presence (OMP), there is a grant cap of S$100,000 per project and a grant cap of S$100,000 per company per year.

12. How do I apply for EDG?

Here’s an infographic that we’ve created to help you understand the EDG application process for Strategic Branding and/or Marketing. Click here to find out How To Make An Enterprise Development (EDG) Application for Strategic Branding and/or Marketing.

13. What documents must I prepare for EDG application?

To apply for EDG, you will require your company’s CorpPass. You need these information to apply for the EDG as well:

  • ACRA information
  • Audited financial statements
  • Relevant proof of quotation or proposal
  • Management consultancy scopes
  • Relevant consultants’ certification

14. Can I submit more than one EDG application at the same time?

Yes. But you’re advised to consider the resources that you have to put in to see to the completion of your projects.

16. When must you complete an EDG funded project?

Projects under Overseas Marketing Presence (OMP) must be completed within 12 months and other projects should be completed within 12 to 18 months upon successful grant application.

17. Can I start a project first before applying for EDG?

No, the project cannot commence before your EDG application.

18. Must I engage consultants who possess Enterprise Singapore-recognised certification for consultancy projects?

Yes. You are required to work with consultants who possess Enterprise Singapore recognised certification. PIRR Creatives’s consultants are Practising Management Consultants (PMC) certified by Singapore PMC Certification. Our consultants are recognised by Enterprise Singapore.

19. What services does PIRR Creatives provide in relation to EDG?

PIRR Creatives is a creative agency that provides consultancy services for branding and marketing. If you seek growth and transformation via branding and marketing strategies, contact us and tell us your story. We’ll see how it goes from there!

20. Will PIRR Creatives help us with EDG application?

Yes, we’ll hold your hand through the entire EDG application process – non-literal, that is.

Need Help with EDG Application for Strategic Branding and Marketing?

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The Enterprise Development Grant (EDG) is a financial assistance programme initiated by the Singapore government and administered by Enterprise Singapore. The EDG is subjected to approval by Enterprise Singapore. For an accurate and complete read about the EDG, please visit the Enterprise Singapore’s website.