EDG Grant
This grant supports projects that help you upgrade your business, innovate or venture overseas under three pillars: Core Capabilities, Innovation & Productivity and Market Access.
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
What is not covered:
- Incentives for mystery shoppers and customer survey respondents
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)
Grant Disbursement Process
- Grant will be ent directly to the company’s bank account through GIRO after company has submitted claims.
- A confirmation email will be sent to the email address on BGP regarding the claims disbursement.
Overall cap of Grant
- Different types of productivity solutions have different caps, but the grant cap is typically SG$30K.
- Support will be provided on pre-scoped packages sourced from a pre-approved vendor.
Claims are on Reimbursement Basis
Claims can only be submitted when all project deliverables have been achieved.
No Retrospective Funding
The PSG only supports projects that are new, have not commenced and which have not been paid for.
What do I have to prepare before applying?
- Check if you qualify for the Enterprise Development Grant (EDG). Check the Qualifying criteria above.
- Identify the key project category you wish to apply for.
- If you need help to scope your project, please refer to the project details within each section. You can also download the relevant project proposal templates and supporting document checklist to guide you in your preparation. Three project proposal templates are available to guide your preparation for submission for the relevant project categories.
- EDG Project Proposal Template-Core Capabilities
- EDG Project Proposal Template-Innovation Productivity
- EDG Project Proposal Template-Market access
- Identify suitable providers / vendors to support your project. Companies applying for EDG support for consultancy-related costs must engage management consultants with Enterprise Singapore-recognised certification. Those who do not need to be certified are:
- Members/ specialists in the consultancy team who are not providing management consultancy services, but are performing dedicated functions, such as market research, audit, fieldwork, design/ artwork, equipment installation, and drafting of legal agreements.
- Consultants offering technical advice and expertise in the development of new technology, and solutions vendors.
- The EDG only supports projects that are new, have not commenced and not generating any revenue at the point of grant application. A project is considered to have commenced if any of the following took place before the application date:
- Applicant had started work
- Applicant had made payment to third-party, who is part of the application
- Applicant had signed contractual agreement with a third party, who is part of the application
- Prepare the project proposal.
- Prepare the following documents: Click here for the EDG Application Checklist
- Latest ACRA search or instant information (dated no earlier than 6 months from date of project application). If there are corporate shareholders, please provide the information for the corporate parents as well.
- Audited financial statements or certified management accounts for the last FY of your company and consolidated financial statements for the last FY of your ultimate parent company, if applicable.
- Relevant proof of quotation for the cost of your project items. Where applicable, Enterprise Singapore may seek clarifications on the choice of vendor and/or alternative quotation source.
- For projects where management consultants are engaged, please include the consultants’ proposal detailing the scope of work, man-day rate breakdown of the service, as well as the CVs and scanned copies of Enterprise Singapore-recognised certification(s) of each individual consultant.
Applicants will have to provide projected figures in the following areas arising from the implementation of the project:
- Company revenue
- Staff remuneration
- Depreciation
- Net operating profit before tax for three years’ post-project (inclusive of the year of project completion)
- Impact on workers (Singaporean/ PR) benefitting from project in the form of increased wages, job creation, job-redesign or training
How can I apply for the EDG?
To apply, sign in to the Business Grants Portal with your CorpPass. If you do not have a CorpPass account, please refer to the CorpPass Guide for instructions on how to set one up.
ESG officers may contact you via the Business Grant Portal or over email / phone for clarifications on your submission before giving you the grant application outcome.
What do I have to take note of after receiving an Offer Letter?
If you are awarded the grant, your company will receive a Letter of Offer (LO) indicating the conditions of support and the amount of grant awarded. You need to acknowledge receipt and accept the LO (by clicking the ‘Accept’ button on Business Grant Portal) within the timeline indicated, otherwise the application would be considered invalid.
Key terms to take note in the Offer Letter:
1. Project Qualifying Period
- This is critical, as any expenses paid outside of this period will not be claimable
2. Project Qualigying Cost and awarded Grant amounts
- This is important, as it breaks down how much of the project costs are supported, and at what percentage levels
3. Project Deliverables
- This is critical as you will need to meet all deliverables before your claims can be approved for grant disbursement after the project
Essentially, projects should have been completed within the specified qualifying period, and all project deliverables should have been achieved.
How can I submit claims for grant reimbursement under EDG?
Step 1: Prepare Documents
Prepare the following documents required for claims submission (Claims submission checklist):
- For first time applicants, complete the Giro form and mail it to the address indicated on the document, or complete the online ESG GIRO Form (FormSG) online.
- No action required if there is no change to the Giro details previously submitted to ESG.
- Deliverables Documentation
- Project Summary report (Project Summary report template)
- Documentation of project deliverables (e.g. consultant’s report, images of equipment, etc)
- Cost Items Documentation for audit (e.g. Invoices, bank statements, employment contract, etc.)
Step 2: Submit Claims on BGP and select auditors
Submit claims
- Log on to the Business Grant Portal (BGP) and select “File a New Claim”. Refer to the BGP guide for more information.
- Upload project summary report and documentation of project deliverables under “Project Report” tab in BGP.
Select auditors
- During final claim submission in BGP, select an auditor from Enterprise Singapore’s Pre-Qualified Panel to verify your claims, unless expressly exempted by Enterprise Singapore.
- Upload cost items documentation (e.g. invoices, bank statements) under “Supporting Documents” in BGP.
- Upon completion of the above steps, submit the claim and record the claim number for future reference. If you require further technical support on your claim submission, please contact Enterprise Infoline.
What happens after I have submitted claims for evaluation?
- An Enterprise Singapore officer will verify that the project deliverables have been met, and may contact you for further information if required. A site visit or presentation meeting may be arranged for this purpose. You may be asked to revise your Project Report if the information is incomplete.
- Concurrently, the auditor that you have appointed will verify your claim documents and issue an Audit Report upon completion of the verification. The auditor may contact you for further information if required.
- The approved claim amount will be disbursed within a few weeks via GIRO to your designed bank account after successful verification of project deliverables & expenses.
- You will be informed via email when the grant has been approved and disbursed.
- An email will also be sent out by DBS to the email address stated in the GIRO form to confirm the transaction.