About EDG Grant (Enterprise Development Grant)
EDG (Enterprise Development Grant) is a new grant by Enterprise Singapore. It combines CDG (Capability Development Grant) and Global Company Partnership (GCP) Grant into a single grant.
Previously, CDG Grant was administered by SPRING Singapore and GCP Grant was administered by International Enterprise Singapore (IE Singapore). In effect, the EDG Grant is a by-product of the merger between SPRING Singapore and IE Singapore.
EDG Grant was officially launched on 25th October 2018. The original maximum support for qualifying projects was up to 70% and valid till 31st March 2023.
However, due to COVID-19 and an impending recession, a Supplementary Budget 2020 was announced by Deputy Prime Minister and Finance Minister Heng Swee Keat on 26th March 2020. Eligible companies and projects can get up to 80% of the qualifying costs defrayed. SMEs adversely affected by COVID-19 may get up to 90% grant support on a case-by-case basis. The new support level of 80-90% was supposedly to end on 31 December 2020.
However, this was further extended to 30 September 2021. During Budget 2021, this deadline was further pushed to 31 March 2022.
EDG is designed to help Singaporean companies grow and transform their business for the future and for the global market. Hence, it is undergirded by three pillars: Core Capabilities, Innovation & Productivity and Market Access. You can view it as a progression: from developing internal core capabilities to innovating for productivity growth and finally, expanding overseas.
Each pillar consists of specific project areas which are supportable. Under Core Capabilities, there are Strategic Brand & Marketing Development, Business Strategy Development, Human Capital Development, Service Excellence and Financial Management. Under Innovation & Productivity pillar, supportable project areas include Product Development, Process Redesign and Automation. Finally, under Market Access, project areas include Pilot Project & Test Bedding, Overseas Marketing Presence, Mergers & Acquisitions and Standards Adoption.
