Enterprise Development Grant (EDG GRANT)
The EDG grant provides funding for almost 70% of your business venture costs, including third-party consultancy fees, operating systems and equipment, as well as costs of additional internal manpower. The business upgrade can be categorised under 3 pillars: strengthening the basis of your business such as in terms of strategic marketing planning, exploring areas to improve your business such as implementing business automation, or regional or global expansion plans.
The EDG grant serves as an added boost for eligible businesses and companies to upgrade their businesses’ capabilities in 3 aspects:
Development of Core Capabilities
SMEs can grow their businesses and solidify their foundations with the EDG grant. Core capabilities include corporate expansion, franchise development, and joint-ventures.
Innovation and Productivity
Companies can also enhance their productivity under this pillar. The EDG grant encourages SMEs to explore creative solutions to boost their efficiency, including redeveloping workflows or adopting business automation and technology.
Seeking overseas ventures are also supported under the EDG grant, where companies can enter overseas markets for expansion, including mergers and acquisitions.
The following criteria must be met for a business to be eligible for the EDG grant application:
- A registered business operating in Singapore
- Have a minimum of 30% local shareholding (for selected solutions only)
- Be financially capable to begin and complete the project
To apply:An EDG consultant in Singapore or an MRA grant consultant appointed by SPRING Singapore (now known as Enterprise Singapore), a government body supporting enterprise development, is highly capable of providing professional advice for businesses looking to grow their operations, either in terms of productivity, innovation or overseas business developments.
Having been in the creative industry with 10 combined years of experience, Tomorrow Group holds a strong team of highly conceptual and accomplished designers that deliver outstanding work and results for valued clients. With services ranging across the creative spectrum, such as branding and marketing strategy, Tomorrow Group also offers professional consultancy in business strategy and enabling companies to obtain grants to kickstart their business development plans.
We help businesses form effective strategies to grow their brand using great design.
We help you plan for a better Tomorrow.
Note: Applications for the Capability Development Grant (CDG) and Global Company Partnership (GCP) Grant have ended on 24 October 2018. The EDG has replaced both grants.