Enterprise Development Grant (EDG): Complete Guide for SMEs in Singapore

Introduction

The Enterprise Development Grant (EDG) is one of Singapore’s most impactful government grants designed to support SMEs in business transformation, capability development, and international expansion. Whether you're upgrading internal systems, adopting new technology, or venturing overseas, the EDG can offset a significant portion of your project cost.

This guide explains the EDG, its key benefits, eligibility criteria, and how to apply — step-by-step with a guide!

What is the Enterprise Development Grant (EDG)?

The EDG is a financial assistance scheme that Enterprise Singapore (EnterpriseSG) administers. It supports Singapore-based companies undertaking projects that improve productivity, innovation, sustainability, and overseas market readiness.

• Grant Coverage: Up to 50% of qualifying project costs (up to 70% for sustainability-related projects between 1 April 2023 – 31 March 2026).

• Cost Support Includes: Consultancy, training, software, equipment, and internal manpower (for certain scopes).

What Projects Does the EDG Support?

EDG supports projects under three strategic pillars:

Core Capabilities

Projects that strengthen business fundamentals for growth and scalability:

• Business strategy development

• Brand & marketing strategy

• Financial management

• Human capital development

• Service excellence

  
  

Innovation & Productivity

Projects that enhance efficiency or create new value:

• Product development

• Process redesign

• Automation and robotics

• Job redesign

  
  

Market Access

Projects that support internationalisation:

• Overseas market entry strategies

• In-market branding and marketing

• Feasibility studies and market setup

Key Benefits of EDG for SMEs

• Lower financial risk when innovating or expanding

• Boosts long-term competitiveness through sustainable transformation

• Access to expert consultants and industry support

• Encourages structured strategic planning within the business

• Co-funding model reduces the burden on SMEs

Eligibility Criteria

To apply for EDG, your company must:

• 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

• Fall under SME or non-SME categories (but with different grant ceilings)

Step-by-Step Guide: How to Apply for EDG

Step 1: Identify a Suitable Project

Evaluate what your business needs most:

• Are you entering a new market?

• Do you need help with branding or strategy?

• Are your processes outdated or inefficient?

Choose a project that aligns with one of the three EDG pillars.

Step 2: Engage a Pre-Approved Consultant (If Required)

For projects involving consultancy work (e.g., strategy development), engage a qualified consultant. EnterpriseSG recommends that consultants:

• Have a relevant industry track record

• Provide a clear project proposal with deliverables and milestones

Step 3: Prepare Required Documents

You’ll need:

• The company’s latest ACRA Bizfile

• Audited financial statements (past 1–2 years)

• Project proposal with objectives, timeline, and deliverables

• Cost breakdown and quotation from vendors/consultants

• Project impact and justification (ROI, productivity, capabilities gained)

Step 4: Submit Application via Business Grants Portal

Go to the Business Grants Portal and:

1. Log in using Corppass

2. Select "Enterprise Development Grant"

3. Fill in your company profile and proposal details

4. Upload supporting documents

5. Review and submit

Note: You cannot start the project before approval.

Step 5: Application Review by Enterprise Singapore

• EnterpriseSG may contact you for clarification or request additional documents

• Approval typically takes 8–12 weeks

• You’ll be notified of the outcome and the approved grant amount

Step 6: Project Implementation

Once approved:

• Sign a Letter of Offer

• Proceed with the project

• Keep all invoices, reports, and deliverables well-documented

Step 7: Submit Project Completion Report

Upon completion:

• Submit the final report

• Provide evidence of deliverables (e.g., before-and-after comparisons, systems implemented)

• Submit claim documentation for the disbursement of the grant

How ProLead Can Help

ProLead is not a grant provider, but we guide businesses in finding the right consultants and preparing strong applications. We can help you:

• Understand which EDG category fits your business goals

• Connect with reputable consultants

• Review documentation requirements

• Navigate the application process with clarity

Conclusion

The Enterprise Development Grant is a powerful tool for SMEs ready to invest in transformation, innovation, or internationalisation. With up to 50%–70 % co-funding support, businesses can move forward strategically without absorbing the full financial risk.

If you’re exploring EDG for your business, contact ProLead for a free consultation to ensure you’re working with the right experts and partners for a successful application.