Thinking about growing your business in Singapore but unsure where to begin? The Enterprise Development Grant (EDG) might be just what you need. Whether you’re planning to upgrade your operations, build a better team, or explore new markets overseas, the EDG offers funding support to get you started.
In this guide, we’ll walk you through everything- from who can apply to how to do it, what documents to prepare, and even what to watch out for. Let’s unpack the details together in a simple, step-by-step way.
Enterprise Development Grant Singapore
Hey there! If you’re exploring ways to help your Singapore-based company evolve, whether refreshing your operations, inventing or launching overseas, the Enterprise Development Grant (EDG) is a great option worth checking out.
What’s in the EDG?
The EDG supports businesses on three fronts:
- Core Capabilities
Think “strengthening your business fundamentals,” including areas like marketing, branding, strategy, finance, HR development, and service excellence. - Innovation & Productivity
Perfect if you’re looking to build new products, streamline processes, or introduce automation to boost output. - Market Access
Got your sights on markets beyond Singapore? EDG helps with overseas market entry, pilot tests, standards adoption, and even mergers & acquisitions.
Who’s eligible to apply?
Here’s a checklist of requirements for Enterprise Development Grant:
- Registered and running business in Singapore
- Minimum 30% owned by locals or PRs
- Financially sound and able to carry out the project
Any application is evaluated based on the project itself, what outcomes you aim to deliver, and the competence of your consultant.
What sort of financial boosts you may get?
| Business Type | Standard Support | Enhanced Support* |
|---|---|---|
| SME | Up to 50% | Up to 70% |
| Non‑SME | Up to 30% | — |
Note: Enhanced rate (70%) is available for eco-conscious projects until 31 March 2026.
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A step-by-step guide to apply
1. Spot your project’s purpose
Clarify what you’re trying to achieve, better systems, new products, new markets?
2. Work with a certified consultant
They must hold SAC-accredited TR 43 or SS 680 certification. This helps ensure your proposal is solid and acceptable. Official Website
3. Gather key documents
You’ll need:
- ACRA information
- Audited financials or management accounts
- Consultant quotes and credentials
- Proposal details (scope, outcomes, budget, timeline)
4. Submit via Business Grants Portal
Use your CorpPass to submit your application on the platform.
5. Wait for a response
Wait time is typically 6-12 weeks: Enterprise Singapore may ask for follow-ups or more info.
6. Get the Letter of Offer (LOF)
Once approved, accept this offer to kick off your project.
7. Get things rolling
Carry out the project as outlined, and document your progress with reports, photos, or metrics.
8. Submit your claim
After wrapping up, send in invoices, proof of payment, deliverables, and outcome metrics to receive your reimbursement.
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Expert Pro Tips
- Projects generally need to wrap up within 12-18 months of approval.
- Don’t start before approval- that’s a no-go.
- Be careful not to hire vendors who are closely related to your company.
- Commit to “worker outcomes” like wage increases, job creation or redesign, or training- this has been mandatory since 1 April 2020.
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FAQs
Q: Can I use EDG alongside other grants?
A: Yes, if you qualify for the SkillsFuture Enterprise Credit (SFEC), that can further offset your expenses.
Q: Can I run a hybrid project- part local, part overseas?
A: Yes! As long as the project has a developmental edge (not just routine), it’s eligible.
Q: My application was turned down- can I try again?
A: Absolutely, reflect on the feedback, tweak your proposal, and apply again. Advice from SME Centre advisers can be a big help.
EDG offers a real opportunity for businesses to build large capital, get innovative, and step onto the global stage- with a helping hand that doesn’t drain your bottom line. If you want to dig deeper or need help finding a certified consultant, I’d be happy to help guide you further!
