Singapore is renowned for being one of the most business-friendly countries in the world. To help local small and medium-sized enterprises (SMEs) remain competitive and grow in an ever-changing business landscape, the Singapore government offers a wide range of support initiatives. One of the most popular and valuable grants is the Enterprise Development Grant (EDG).
The EDG aims to help Singaporean companies grow and transform by funding projects under three main pillars: Core Capabilities, Innovation and Productivity, and Market Access. If your business is planning to strengthen its foundation, innovate operations, or expand overseas, the EDG might be the perfect solution.
In this guide, we will walk you through everything you need to know about applying for the EDG Grant — from eligibility to submission, and tips for a successful application.
What is the Enterprise Development Grant (EDG)?
The Enterprise Development Grant (EDG) is a government initiative administered by Enterprise Singapore, aimed at supporting projects that help SMEs upgrade their capabilities, innovate, or venture into international markets. Depending on the nature and scope of your project, you may receive up to 50% support for qualifying costs.
The three key support areas under EDG are:
- Core Capabilities – Strengthening the foundation of your business, such as business strategy, HR development, or branding.
- Innovation and Productivity – Enhancing efficiency and exploring automation or digital transformation.
- Market Access – Helping businesses explore overseas opportunities.
Who Can Apply for the EDG Grant?
Before starting the application process, it’s essential to ensure your company meets the eligibility criteria. Your business must:
- Be registered and operating in Singapore.
- Have a minimum of 30% local shareholding.
- Be financially viable to start and complete the project.
- The project should be conducted in Singapore (except for overseas market access projects).
Companies looking to apply for the EDG should also note that projects involving third-party consultants must engage those who are recognized or certified in their respective fields.
Step-by-Step Guide to Apply for the EDG Grant
Step 1: Identify the Right Project
Start by determining which aspect of your business you want to improve or grow. Do you want to revamp your internal processes, build a strong brand, or expand into international markets?
Break down your goals and determine which of the three support areas your project falls under:
- For internal strengthening: Core Capabilities
- For innovation and transformation: Innovation and Productivity
- For international growth: Market Access
Clearly defining your project scope is crucial to a successful application.
Step 2: Prepare Your Project Proposal
Once you know the direction of your project, it’s time to put together a comprehensive project proposal. This proposal will form the core of your application and should include:
- Project Objectives: What do you aim to achieve?
- Project Timeline: When will it start and end?
- Expected Outcomes: How will your business improve as a result?
- Cost Breakdown: Estimated budget for consultancy, manpower, equipment, and other costs.
- Implementation Plan: How do you intend to carry out the project?
If you’re engaging consultants, include their credentials, scope of work, and how their expertise supports your objectives.
Step 3: Register for a Corppass Account
To access government services, your company must have a Corppass account. If you haven’t set one up, do so at corppass.gov.sg. Make sure the user applying for the grant is given the right access rights to Enterprise Singapore services via Corppass.
Step 4: Submit Your Application via Business Grants Portal (BGP)
Head over to the Business Grants Portal (BGP) at businessgrants.gov.sg to begin your application. Log in using your Corppass credentials and follow these steps:
- Select Your Company Profile
- Choose “Apply for a New Grant”
- Select the Relevant Grant – Choose Enterprise Development Grant
- Provide Project Details – Input all the information from your proposal including objectives, milestones, costs, and third-party vendor details
- Upload Supporting Documents – These include your company’s latest financial statements, consultant proposal, quotations, and any other relevant documents.
Double-check all fields before submitting.
Step 5: Wait for the Outcome
Once submitted, Enterprise Singapore will review your application. Processing usually takes 8 to 12 weeks, depending on the complexity and completeness of your proposal.
During this period, Enterprise Singapore may contact you for additional information or clarifications. Be prompt and responsive to facilitate a smooth process.
Step 6: Receive Letter of Offer
If your application is approved, you will receive a Letter of Offer (LOF) via the Business Grants Portal. This will detail the approved funding amount, conditions, and disbursement guidelines.
You will need to accept the offer formally before proceeding with your project.
What Happens After Approval?
Project Execution
Once the grant is approved and accepted, begin the implementation of your project as planned. Be sure to:
- Track expenses accurately
- Keep proper documentation of invoices and receipts
- Monitor progress in line with the project milestones
Claim Submission
After completing the project (or at approved milestones), you can submit a claim via the Business Grants Portal. You’ll need to provide:
- Final report on project deliverables
- Invoices and receipts
- Proof of payment
- Consultant reports (if applicable)
- Bank account information
Enterprise Singapore may conduct an audit to verify that funds were used appropriately.
Tips for a Successful EDG Application
- Be Clear and Specific: Avoid vague statements. Show how the project aligns with your company’s growth strategy and business goals.
- Engage Recognized Consultants: Choose consultants with strong track records and relevant expertise.
- Show Financial Viability: Ensure your company’s financials reflect stability. Poor financial health may lead to rejection.
- Measureable Outcomes: Focus on clear and measurable deliverables — cost savings, revenue growth, productivity increases, or export sales.
- Don’t Rush: Take the time to develop a strong proposal and ensure all documentation is accurate and complete.
Common Mistakes to Avoid
- Submitting incomplete applications
- Using non-approved consultants
- Poorly defined project scope
- Lack of follow-up after queries from Enterprise Singapore
- Applying for routine business expenses (EDG is meant for transformational, not day-to-day, activities)
Conclusion
The Enterprise Development Grant is a fantastic opportunity for Singapore SMEs to take their business to the next level. Whether you want to go digital, strengthen your operations, or venture overseas, the EDG can provide much-needed support to turn your plans into reality.
While the application process may seem detailed, it is entirely manageable with proper planning and preparation. By understanding the requirements and following the steps outlined in this guide, you’ll improve your chances of securing funding to power your business transformation.
If you’re unsure or need help, consider engaging a grant consultant or advisor who can guide you through the process and increase your chances of success.
Now’s the time to take that leap — your next stage of business growth could start with a simple EDG application.