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Enterprise Development Grant (EDG) - Business Strategy Development

This component of the EDG helps companies improve their business strategies. 
Benefits

Small and Medium Enterprises (SMEs): Support of up to 70% of qualified costs*

Non-SMEs: Support of up to 50% of qualified costs*

*Qualified costs: 
1. Third-party consultancy fees
2. Software and equipment
3. Incremental internal manpower costs

Eligibility

You are:

  • A Singaporean SME looking to improve your business strategy.

 

You need to:

  • Be registered and operating in Singapore.
  • Have a minimum of 30% local shareholding.
  • Be in a financially viable position to start and complete the project.
  • Engage management consultant(s) that have a certification* recognised by Enterprise Singapore (ESG), if you are applying for support for consultancy-related costs.

*Refer to "Critical Information" for more details. 

Critical information

Your project may address any of these areas:

  • Strengthening of management systems and processes based on the internationally-benchmarked Business Excellence framework to achieve “Singapore Quality Class” certification.
  • Formulation of growth strategies to capitalise on opportunities and enhance competitiveness.
  • Analysis of the impact of tariffs and international trade agreements, and the development of strategies to optimise business performance.
  • Development of strategies and processes to protect and monetise intellectual property (IP) assets, and optimise R&D operations.

What is not covered:

  • Stand-alone IP registration costs.

Those who do not need to be certified are:

  • Members/specialists in the consultancy team who are not providing management consultancy services, but are performing dedicated functions such as market research, audit, fieldwork, design/artwork, equipment installation and drafting of legal agreements
  •  Consultants offering technical advice and expertise in the development of new technology, as well as solutions vendors

Note:

  • The EDG only supports projects that are new and not generating any revenue at the point of grant application.
  • A project is considered to have begun if suppliers and service providers have already signed a contract, or if any work on the project scope has begun or if payment has been received for the project.
What to expect when applying
Pre-application:
  • Before you apply, you may approach the SME centres to discuss your project(s) and ensure that you qualify for the EDG.
  • Applications will be assessed by ESG based on the project scope, project outcomes and competency of the service provider.
Application Process: 
  • Sign-in to the Business Grants Portal with your CorpPass1.
  • The application will be processed within 8-10 weeks from the time you submit your project application. 
  • We may contact you via the Business Grants Portal for clarifications.
Application Approval:
  • You will receive a Letter of Offer (LOF) indicating:
    1. The conditions of support and
    2. The amount of the grant awarded. 
  • You need to acknowledge and accept the LOF within the timeline indicated, otherwise the application would be considered invalid.
  • All grants are supported on a reimbursement basis.
Claims:
  • Submit a report with details on the project deliverables. 
  • Provide a pre-qualified auditor’s report for the verified expenditures and any supporting documents.
  • ESG may request for a site visit, presentation meeting and/or other supporting documents.
  • Provide GIRO information of company bank account to facilitate disbursement of funds. 
  • Claims must reach ESG no later than 6 months from the end of the project qualifying period.

1. No CorpPass Account? Refer to the CorpPass guide for instructions on setting up an account.

Documents you'll need for your application

These are to be submitted before all other application processes:

1. Latest ACRA search or instant information

  • Dated no earlier than 6 months from date of project application;
  • If there are corporate shareholders, please provide the information for the corporate parents as well.

2. Latest audited financial statement

  • No earlier than 12 months from date of project application of your company;
  • If applicable, the consolidated financial statement of your ultimate parent company as well.

Not required if you have:

  • Provided the information for a prior project within the last 12 months;
  • No changes to the documents.

3. Relevant proof of quotation for the cost of your project items

4. For projects where management consultants are engaged, please include the following details in the Consultants’ proposal:

  • Details of the scope of work;
  • Man-day rate breakdown of the service;
  • CVs and scanned copies of ESG-recognised certification(s) of the consultant(s).
Useful links

For more information about pre-application: Pre-application Information

For more details about the grant: Business Strategy Development