To spur the growth of your company through interventions in business strategies.

Scope of work can cover:

• Diagnosis and gap analysis of 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

Project may address any of these areas:

• Formulation of growth strategies to capitalise on opportunities and transform businesses

• Development of intellectual property strategies and processes to protect, manage and commercialise intangible assets to increase business value and enhance competitive advantage

• Development of Sustainability Strategies* such as

• Environmental, Social and Governance Reporting Framework Development

1. Sustainability Risk Assessment

2. Material Footprinting

3. Sustainability Strategy Development

4. Sustainability Value Creation

*Please click here for more details.

What is not covered:

• Stand-alone IP registration costs.

Support level:

• SMEs up to 70%; non-SMEs up to 50% of qualified costs.

To optimise your company’s financial performance in order to support corporate strategy and growth and/or equip your management team with the right competencies so they can be good stewards of your company’s assets and resources.

Scope of work can cover:

• Diagnosis and gap analysis of your company

• Development of a strategic roadmap, business frameworks, policies or processes

• Recommendations and plans for implementation

Project may address any of these areas:

• 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

Support level:

• SMEs up to 70%; non-SMEs up to 50% of qualified costs.
  
  

To strengthen your company’s Human Resource (HR) capabilities, so as to support business growth strategies.

Scope of work can cover:

• Diagnosis and gap analysis of your company

• Development of a strategic roadmap, business frameworks, policies or processes

• Recommendations and plans for implementation

Project may address any of these areas:

• 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

Support level:

• SMEs up to 70%; non-SMEs up to 50% of qualified costs.
  
  

To improve your company’s service delivery by gaining a deeper understanding of customers’ needs and decision-making processes.

Scope of work can cover:

• Diagnosis and gap analysis of your company

• Development of a strategic roadmap, business frameworks, policies or processes

• Recommendations and plans for implementation
  

Project may address any of these areas:

• 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

What is not covered:

• Incentives for mystery shoppers and customer survey respondents

Support level:

• SMEs up to 70%; non-SMEs up to 50% of qualified costs.
  
  

To help your company better capture target audiences and markets by differentiating your brand, and your products and services.

Scope of work can cover:

• Diagnosis and gap analysis of your company

• Assessment of internal and external factors, such as strengths and weaknesses, and competition

• Primary or secondary research

• Recommendations and plans for implementation

Project may address any of these areas:

• 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 supported:

• 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)

Support level:

• SMEs up to 70%; non-SMEs up to 50% of qualified costs.
  
  

To support your company’s usage of automation and technology which can result in tangible benefits, significant growth and resource efficiency.

Scope of work can cover:

• 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
  

What is not supported:

• 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 ( Replacement of faulty solutions / equipment is not supported )  / 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

• Installation of conventional, operational and off-the-shelf solutions, appliances or devices (e.g. energy-saving LED lightings, solar panels)

Support level:

• SMEs up to 70%; non-SMEs up to 50% of qualified costs.
  
  

To help your company review existing processes and identify possible areas to improve efficiency and sustainability performance. This is a critical first step before introducing automation or technology.

Scope of work can cover:

• Review and streamline of workflow and processes to reduce or remove redundant processes

• Explore 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 identify areas of improvement

• Pilot and implementation of recommended processes

Support level:

• SMEs up to 70%; non-SMEs up to 50% of qualified costs.
  
  

To help your company develop innovative technology and products with the end goal of commercialisation.

Scope of work can cover:

• Assessment of market viability.

• Evaluation of potential demand and user understanding.

• 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 protection, IP strategy, and Freedom to Operate analysis.

• Development of prototype and small batch production, where relevant.
  

What is not supported:

• Development of first product

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

Support level:

• SMEs up to 70%; non-SMEs up to 50% of qualified costs.
  
  

To help your company grow through M&A. This may be in the planning, assessment of potential mergers and/or acquisition or post-M&A stage integration.

Project may address any of these areas:

• Development of M&A strategies that compliments and supports overall growth

• Feasibility study, for example a competitive scan or target search

• Evaluation of target during company acquisition. This can include legal, financial or tax due diligence work

• Evaluation of a company’s intangible assets and intellectual property

• Estimation of a company's current value, including its intangible assets

• Development of change management plan for post-merger entity to integrate people, processes and culture
  

What is not supported:

• Activities pertaining to the actual closing of a transaction such as the drafting of purchase and sales contracts and cost of acquisition.
  

Support level:

• SMEs up to 70%; non-SMEs up to 50% of qualified costs.
  
  

To help your company expand into new geographical or product markets by building your track record.

Scope of work covers:

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

Note:

• The product should be new and must not be generating any revenue at the point of grant application.
  

Support level:

• SMEs up to 70%; non-SMEs up to 50% of qualified costs.
  
  

To help your company adopt internationally-recognised standards and certifications in key industries, as well as in new and emerging sectors. By doing so, your company should achieve outcomes, such as increased business competitiveness locally and internationally, enhanced market access, and/ or increased trust in your products and services.

Scope of work can cover:

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

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, ISO 14001*, OHSAS 18001, SS 506, SS 444 and ISO 45001

*In line with government efforts to drive sustainability in enterprises, ISO 14001 can be supported as part of your company’s larger sustainability capability projects under the Enterprise Sustainability Programme

Support level:

• SMEs up to 70%; non-SMEs up to 50% of qualified costs.
  
  

The Enterprise Development Grant (EDG) helps Singapore companies grow and transform. This grant supports projects that help you upgrade your business, innovate or venture overseas under three pillars: Core Capabilities, Innovation & Productivity and Market Access.

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:

• 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

The Enterprise Development Grant (EDG) funds up to 70% of qualifying costs for SMEs, and up to 50% of qualifying costs for non-SMEs. Grant applications will be assessed on Group Revenue and Group Employment Size. Refer to the specific project categories for any other eligibility conditions.

The Enterprise Development Grant (EDG) supports projects under three pillars:

• Core Capabilities – Projects under this pillar help businesses prepare for growth and transformation by strengthening their business foundations. Five areas supported include business strategy development, financial management, human capital development, service excellence, and strategic brand and marketing development.

• Innovation and Productivity – Projects under this pillar support companies that explore new areas of growth, or look for ways to enhance efficiency. Three areas supported include automation, process redesign, and product development.

• Market Access – Projects under this pillar support Singapore companies that are willing and ready to venture overseas. Three areas supported include Mergers and Acquisitions (M&A), pilot project and test bedding, and standards adoption.

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.

You are advised to keep the project timeline to a reasonable duration, to ensure the outcomes remain relevant in a rapidly changing economic environment.

You may find out more about the Enterprise Development Grant (EDG) from business advisors at our 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:

• ACRA information

• Audited financial statements

• Relevant proof of quotation or proposal

• Management consultancy scopes

• Relevant consultants’ certification
  

Project proposal templates are available to guide companies in their preparation for submission.

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.

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.

As announced in Budget 2019, all companies applying for EDG from 1 April 2020 will have to commit to worker outcomes as part of the qualifying requirements. Worker outcomes include increase in wage increment, job creation, job re-design, or training for existing staff.