- Has CDG ended?
Yes, CDG (Capability Development Grant) is officially closed.
- Has EDG started?
Yes, EDG (Enterprise Development Grant) is officially open.
- What is EDG?
EDG is the abbreviation for Enterprise Development Grant; it is also known as EDG Grant.
- What is it about?
The purpose of the grant is to help develop a company’s capability within 3 identified key pillars under Core Capabilities, Innovation & Productivity and Market Access.
- What are the supportable areas?
The areas that EDG grant supports are the following:
- Core Capabilities
- Strategic Brand & Marketing Development
- Business Strategy Development
- Human Capital Development
- Service Excellence
- Financial Management
- Innovation and Productivity
- Product Development
- Process Redesign
- Market Access
- Pilot Project & Test Bedding
- Overseas Marketing Presence
- Mergers & Acquisitions
- Standards Adoption
If your business can benefit from enhancing capabilities in these areas and your company is eligible then speak with a certified consultant to help you apply quickly.
- How much grant can I get?
Eligible Small and Medium Enterprises (SMEs) can get up to 70% grant on qualifying costs.
- What is the maximum amount I can apply?
Technically, there is no cap. However, the amount is directly correlated to your annual turnover, where less than 70% of the project cost is approved (based on CDG experience).
- What are the criteria?
You must be an SME that meets these criteria:
• Registered and operating in Singapore
• Local shareholding of at least 30%
• Be a viable business with track record
- Can startups apply?
In general, startups are not eligible for EDG.
- What if I am a one-man show?
If you are a sole proprietor or with less than 3 employees, the chances are reduced when applying for a grant. Consideration is given to companies with plans to expand and hire more staff.
- What documents should I get ready?
Prepare the following documents (if applicable):
– Latest audited group financial statements not more than 18 months old Project Proposal (Click here for templates)
– Quotation for equipment, hardware or software
– Supporting documents for salary support
Employment or appointment letters Staff’s NRIC or Passport number (for Overseas Marketing Presence projects)
– Consulting firm’s proposal
– Consultant’s certification
– Rental agreement or quotation (for Overseas Marketing Presence projects)
- Who can guide me through the process?
Talk to an advisor at one of the SME Centres or get a certified consultant. Click here to talk a certified consultant.
- What is the usual process in applying for a EDG Grant?
• Discuss project with certified consultant or advisor at SME Centre.
• Consulting firm and vendors will provide a project proposal outlining the scope of work.
• Applicant prepares company proposals to build business case. (Our consultants can assist in this area.)
• Designated EDG application can use the proposal to apply online at Business Grants Portal.
• Companies may be interviewed by ESG prior to project approval.
• Await award notification through the portal with exact grant amount.
• Approve letter of offer and notify project partners.
- What are the common mistakes to avoid?
• Including activities not supported under EDG.
• Consultants who are not certified to handle projects.
• Incomplete breakdown of costs.
• Exclusion of productivity outcomes or tangible benefits.
• Too narrow project scope
- Who approves the EDG grant?
Enterprise Singapore (ESG) will assess the application, determine the feasibility and impact of the project and gives the final approval.
- How long will it take?
It takes about 2 – 3 months for a reply. Clarity of proposal and application can speed up the approval process.
- How do I know if I get the EDG grant?
You will receive a letter of offer which you must accept within a time frame within the business grant portal. Or you will receive a letter of rejection.
- What if I failed to get the EDG grant?
You can appeal by emailing to Enterprise Singapore.
- What about PIC?
PIC (Productivity and Innovation Credit) is no longer offered as of 2018 and there is no replacement for that programme.
- What other grants can SMEs apply for?
You can also apply for Productivity Solutions Grant which provides easy access to pre-scoped IT solutions. You can check with www.smeportal.sg for the current list of grants currently available for SMEs.
- How can I increase chances of approval?
Your company can work with experienced consultants to ensure that your application has all correct relevant information. Activities that are vague or appear to non-relevant to the project may cause delays on project approval and may require more information from vendors before the project can be approved.
- Can I apply for more than 1 project?
Yes, you may apply for multiple projects, however, one project must be completed before subsequent projects may start. Sufficient internal resources must be available to handle each project.