The Enterprise Development Grant (EDG) is a government grant initiative in Singapore aimed at supporting local businesses in their development, expansion, and transformation efforts. The grant is administered by Enterprise Singapore, a government agency that champions enterprise development.
The EDG provides funding support to Singapore-based companies across various industries, helping them to upgrade capabilities, innovate, and be internationalist.
It supports projects in three main areas:
1. Core Capabilities: Enhancing businesses’ fundamental capabilities to become more competitive and sustainable. This could include initiatives such as process redesign, automation, and quality management system implementation.
2. Innovation and Productivity: Supporting businesses in developing innovative products, services, or processes, as well as implementing productivity improvement projects.
3. Market Access: Assisting businesses in their efforts to enter new markets or expand their presence overseas.
To be eligible for the EDG, businesses must be registered and operating in Singapore, with a minimum of 30% local shareholding. They should also demonstrate their ability to implement the proposed project and show how it will contribute to their growth and competitiveness.
The EDG replaced two previous grant schemes in Singapore, namely the Capability Development Grant (CDG) and the Global Company Partnership (GCP) grant. By consolidating these schemes into the EDG, the Singaporean government aims to streamline the application process and provide more comprehensive support to businesses at various stages of development.