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Enterprise Development Grant (EDG) - Overseas Marketing Presence (OMP)

This component of the EDG helps your company set up an overseas presence to begin marketing and/or conduct business development activities.
Benefits

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

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

Eligibility

You are:

  • A Singaporean SME looking to expand overseas and establish a local presence in the respective countries.

 

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) with Enterprise Singapore-recognised certification* if you are applying for EDG support for consultancy-related costs.

*Refer to "Critical Information" for more details.

Critical information

Scope must cover:

  • Marketing and/ or business development;
  • Meeting the New Market Criteria (NMC), which is defined as a new city where the company has not had sales in excess of S$100,000 in any one year for the past three years;
  • Post at least one Singaporean or Permanent Resident to be stationed in the market to conduct marketing and/ or business development work.

Eligible expenses:

  • Salary of maximum two business development staff stationed at the respective market (one has to be a Singaporean or Permanent Resident);
  • Rental expenses in the specified location.

All projects are subjected to:

  • A grant cap of S$100,000 per project;
  • Maximum support duration of 12 months per project.

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, and 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 are qualified for the Enterprise Development Grant (EDG).
  • Applications will be assessed by Enterprise Singapore (ESG) based on project scope, project outcomes and competency of service provider.

Application Process:

  • Sign-in to the Business Grants Portal with your CorpPass1.
  • A complete submission will usually take eight to ten weeks from the time you submit your project application.
  • We may contact you via the Business Grants Portal for clarifications.

Application Approval:

  • Your company 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 the letter and accept the LOF within the timeline indicated, otherwise the application would be considered invalid.
  • All grants are provided on a reimbursement basis.

Claims:

  • Submit a report detailing the project deliverables.
  • A prequalified auditor’s report for the verified expenditures and any supporting documents must be provided.
  • Request for a site visit, presentation meeting and/or other supporting documents, may occur.
  • Provide GIRO information for smooth processing.
  • Claims must reach ESG no later than six 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 details about the grant: Overseas Marketing Presence (OMP)

For the template to apply for this grant: EDG Project Proposal Template-Market Access

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