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.
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.
Enterprise Singapore is the government agency that administers the EDG.
Enterprise Singapore is the government agency that approves the EDG.
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.
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
EDG supports projects and/or activities that are under:
- Core Capabilities
i) Business Strategy Development
ii) Financial Management
iii) Human Capital Development
iv) Service Excellence
v) Strategic Brand and Marketing Development
- Innovation and Productivity
ii) Process Redesign
iii) Product Development
- Market Access
i) Mergers and Acquisitions (M&A)
ii) Overseas Marketing Presence (OMP)
iii) Pilot Project and Test Bedding
iv) Standards Adoption
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:
- Up to 50% for qualified software and equipment costs
- Up to 70% for all other qualified costs
- Up to 30% for qualified software and equipment costs
- Up to 50% for all other qualified costs
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.
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.
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
Yes. But you’re advised to consider the resources that you have to put in to see to the completion of your projects.
It takes between 8 to 10 weeks.
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.
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.
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!
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?
Contact Our Consultant Today!
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.