A Complete Guide to the Singapore EDG Grant: How SMEs Can Transform and Grow

Running a business in Singapore is no small feat—especially for small and medium-sized enterprises (SMEs) looking to scale in an increasingly competitive and globalised environment. Fortunately, the Singapore government provides support through various grants to encourage business innovation, productivity, and internationalisation. One of the most impactful of these is the Enterprise Development Grant (EDG).

This comprehensive guide explains what the EDG is, who it’s for, how it works, and how your business can take full advantage of it.

💡 If you need expert help in applying for the EDG, visit https://grantconsultant.sg/enterprise-development-grant-edg-singapore/ for guidance from grant specialists.

What is the Enterprise Development Grant (EDG)?

The Enterprise Development Grant (EDG) is a grant administered by Enterprise Singapore. It aims to support Singapore-based companies in three key areas:

1. Core Capabilities – Strengthening business foundations (e.g., business strategy, financial management).

2. Innovation and Productivity – Supporting process redesign, automation, and technology adoption.

3. Market Access – Helping businesses expand into international markets.

The grant helps defray up to 50% of qualifying project costs (as of the latest updates), including third-party consultancy fees, software and equipment, and internal manpower cost.

Who is Eligible for the EDG?

To be eligible for the Enterprise Development Grant, your company must meet the following criteria:

• Be registered and operating in Singapore

• Have at least 30% local shareholding

• Be financially viable to start and complete the project

Larger businesses may still qualify if the project scope aligns with government-supported initiatives. However, the scheme is mainly targeted at SMEs that need support to upgrade and grow.

The 3 EDG Support Pillars Explained

Let’s take a deeper dive into the three categories of support under the EDG:

1. Core Capabilities

Projects under this pillar help companies build solid internal foundations and prepare for growth. Common areas include:

• Business Strategy Development

• Financial Management Systems

• Human Capital Development

• Service Excellence

• Strategic Brand and Marketing Development

Example: A retail SME may work with a consultant to refine its branding and customer engagement strategy to stand out in a saturated market.

2. Innovation and Productivity

This pillar supports companies that want to innovate their business processes or adopt new technologies to improve efficiency. Examples include:

• Product Development

• Process Redesign

• Automation and Robotics

• Digital Transformation (e.g., ERP systems)

Example: A logistics firm might redesign its warehouse processes to reduce lead time by 30% using an automated inventory system.

3. Market Access

Expanding internationally can be daunting for SMEs. This pillar supports:

• Overseas market set-up

• Pilot test and market entry

• Market research and feasibility studies

Example: A local food manufacturer might get funding support for launching its products in Hong Kong and working with international distributors.

What Are the Eligible Costs?

EDG supports a wide range of qualifying costs, including:

• Third-party consultancy fees

• Software and hardware equipment relevant to the project

• Internal manpower costs (i.e., salaries of employees involved in the project)

Keep in mind that these costs must be directly related to the project scope and must be reasonable in value.

How Much Funding Can You Get?

For most SMEs, the EDG can cover up to 50% of qualifying project costs.

For sustainability-related projects under the Sustainability Capability pillar, enhanced support may be available. Businesses involved in key transformation or sector-specific initiatives may also receive additional support.

Support levels are subject to change based on government policy updates, so it’s always a good idea to check with a qualified consultant.

How to Apply for the EDG

Here’s a simple breakdown of the application process:

Step 1: Identify the Project Scope

Decide which of the three pillars your project falls under and ensure your business goal aligns with the criteria.

Step 2: Prepare Documentation

You’ll need:

• Detailed project proposal

• Cost breakdown

• Consultant’s credentials (if applicable)

• Latest audited financial statements

Step 3: Submit via Business Grants Portal

All applications must be submitted through the Business Grants Portal (BGP). You’ll need a CorpPass login to access it.

Step 4: Wait for Approval

It typically takes 8 to 12 weeks for Enterprise Singapore to review and respond. They may request additional clarifications or documentation.

Step 5: Execute the Project and Submit Claims

Once approved, carry out the project, keep detailed records, and submit the claim for reimbursement upon completion.

Tips for a Successful Application

• Clearly define your project goals and expected outcomes

• Ensure all consultants and vendors are properly scoped and qualified

• Provide a strong business case for how the project will impact your business

• Be conservative and realistic in your cost estimations

Many SMEs fail to receive the grant simply because their application lacks clarity or completeness.

Common Mistakes to Avoid

• Applying without a well-defined scope or measurable outcome

• Using unqualified or unrelated consultants

• Submitting vague project descriptions

• Underestimating the time needed for approval and execution

Why Engage a Grant Consultant?

Navigating the EDG application process can be complex, especially if you are a first-timer. A grant consultant can help:

• Evaluate your eligibility

• Identify the best pillar for your business

• Assist in preparing documents and business proposals

• Improve your approval chances

✅ To get started with expert help, reach out to https://grantconsultant.sg/enterprise-development-grant-edg-singapore/.

Final Thoughts

The Enterprise Development Grant is a powerful tool for SMEs in Singapore seeking to grow, innovate, and enter new markets. Whether you’re looking to upgrade your internal capabilities, digitise your operations, or expand overseas, EDG offers the financial backing to make it happen.

Don’t miss the opportunity to take your business to the next level with government support.