Enterprise Development Grant

The Enterprise Development Grant (EDG) is a funding initiative designed to support Singapore-based enterprises in their growth and transformation efforts. The grant aims to empower businesses by providing financial assistance for projects that enhance capabilities, drive innovation, and expand into new markets.

The EDG covers three key areas of business development:

  1. Core Capabilities: This category supports projects that help businesses strengthen their fundamental capabilities. It includes activities such as business strategy development, process improvement, and implementing quality management systems.
  2. Innovation and Productivity: The EDG encourages enterprises to innovate and develop new products, services, or processes. Funding can be utilized for activities such as research and development, automation, adoption of new technologies, and intellectual property development.
  3. Market Access: This category focuses on assisting businesses in expanding their presence both locally and overseas. It covers initiatives like market feasibility studies, market entry strategies, branding, and marketing activities to facilitate international growth.

The grant offers funding support of up to 50% of qualifying project costs, which include third-party consultancy fees, software and equipment costs, and internal manpower expenses directly related to the project.

To be eligible for the EDG, businesses should be registered and operating in Singapore, demonstrate financial viability, and have a strong track record. They should also show a commitment to capability upgrading, innovation, and internationalization.

By providing financial assistance and encouraging enterprise development, the EDG aims to foster a thriving business ecosystem in Singapore, promote sustainable growth, and enhance the competitiveness of local enterprises in the global market.