Enterprise Development Grant

The EDG Grant in Singapore is a professional and reliable program that provides funding and support to businesses looking to expand and grow. With its focus on innovation and development, the EDG Grant is designed to help businesses of all sizes and industries achieve their goals.

We understand the unique challenges faced by Singaporean businesses in qualifying for the EDG Grant, and we’re here to guide you every step of the way.

At Finnex, we offer expert business consulting services tailored to meet the specific needs of your company. Our team of experienced consultants is dedicated to helping you navigate the complex process of qualifying for the EDG Grant, ensuring that you maximize your chances of success.

What is an EDG Grant?

The Enterprise Development Grant (EDG) offers valuable assistance to businesses seeking to enhance, innovate, expand, and revolutionise their operations. Propel your business to new heights by presenting your unique project proposals, complete with comprehensive business plans and projected outcomes.

EDG provides financial support for eligible project expenditures, including expenses related to third-party consultancy services, software and equipment procurement, and internal workforce remuneration.

Local small and medium-sized enterprises (SMEs) may be eligible for a maximum cost coverage of 50%.

Commencing on April 1, 2023, small and medium-sized enterprises (SMEs) will be eligible to obtain a maximum of 50% financial assistance for projects under the Economic Development Grant (EDG). Notably, endeavours centred around sustainability will be considered for enhanced support, attaining up to 70% funding from April 1, 2023, until March 31, 2026.

Who is eligible for an EDG Grant?

To be eligible for the grant, your business entities must meet the following criteria set forth by the EDG:

1. The company must be duly registered and actively operating within the confines of Singapore.

2. The company must possess a minimum of 30% local shareholding.

3. The company must demonstrate financial stability and capability to initiate and successfully conclude the proposed project.

Please ensure that your business establishments satisfy these prerequisites as stipulated by the EDG grant.

When can a business apply for an EDG Grant?

A business can apply for an Enterprise Development Grant (EDG) at any time. However, it is recommended that businesses apply for the grant before they start the project they want to undertake, as the grant cannot be used to reimburse expenses that have already been incurred.

It is also important to note that the application process for the EDG grant can take several weeks or even months, depending on the complexity of the project and the completeness of the application. Therefore, businesses should plan ahead and allow sufficient time for the application process.

There are no pre-approved vendors for EDG. For management consultancy-related costs, SMEs must engage management consultants accredited with TR43 or SS 680 Certification.

Additionally, businesses should have a viable project that falls within the three areas of support: Core Capabilities, Innovation and Productivity, and Market Access.

  1. Core Capabilities: This category focuses on the strategic development of brand and marketing, the enhancement of business strategies, the development of human capital, the pursuit of service excellence, and the effective management of financial resources.

  2. Innovation and Productivity: Under this category, support is provided for product development initiatives, as well as process redesign and automation efforts, enabling organizations to bolster their innovative capabilities and enhance overall productivity.

  3. Market Access: This category encompasses various avenues for market expansion, including pilot projects and test-bedding initiatives, establishing a presence in overseas markets, pursuing mergers and acquisitions, and adopting relevant industry standards.


It is important to note that while the EDG grant covers a wide range of expenses, it does not extend its support to cover software costs. These expenses fall under the purview of the Productivity Solutions Grant (PSG) and are not eligible for funding through the EDG grant.

How to Apply for an EDG Grant?

To commence the application process for the EDG grant, it is important to ascertain your eligibility. Once confirmed, proceed to specify the project category you intend to apply for and initiate the EDG application process accordingly.

The ensuing guidelines outline the comprehensive steps involved in the application procedure:

  1. Log in to the EDG Grant portal.

    If you have prepared your necessary documents and are fully prepared to commence your application for the EDG. Proceed to the Business Grants Portal and submit your application.

  2. Accept the Letter of Offer.

    Please proceed to the Business Grants Portal to acknowledge the acceptance of the Letter of Offer once your application has been successfully processed.

    The Letter of Offer will outline the approved grant amount, as well as specify the project deliverables and the qualifying period for the project.

    Kindly note that failure to accept the Letter of Offer within its designated validity period will result in its expiration.

  3. Proceed with your project.

    Ensure timely completion of both the software implementation and training processes within the designated timeframe.

  4. File for a claim.

    To initiate a claim, it is imperative to confirm that your company satisfies the following requirements:

    1. The company has effectively implemented the mentioned solution.
    2. The company has fulfilled all financial obligations by making complete payment for the solution.
    2. The company has duly submitted all the requisite documentation.

    Upon successful claim approval, disbursements will be promptly processed.

List of Required Documents for Claim Processing

1. Vendor’s Invoice and Receipts: Please provide the original copies of the invoice and receipts received from the vendor for the goods or services rendered. These documents should clearly indicate the amount paid and the respective items or services purchased.

2. Project Summary Report: We kindly request you to submit a comprehensive project summary report in the specified template provided. This report should succinctly outline the key objectives, milestones, and outcomes achieved during the project execution.

3. Documentation of Project Deliverables: As stated in the project proposal, please furnish the necessary documentation that verifies the completion and submission of all project deliverables. These documents may include reports, data, designs, or any other tangible outputs mentioned in the proposal.

4. Bank Statement Confirmation: To ensure transparency and accuracy, it is essential to provide a bank statement as evidence of the full payment made to the vendor. This statement should clearly display the transaction details, such as the date, amount, and recipient, verifying the successful transfer of funds.

Kindly note that the above-mentioned documents are crucial for efficient claim processing. Your prompt submission of these documents will greatly facilitate our review and enable us to expedite the claims procedure.

How Much Funding Does The Enterprise Development Grant (EDG) Cover?

The Enterprise Development Grant (EDG) is designed to provide financial assistance to Small and Medium Enterprises (SMEs) by covering a significant portion of their eligible expenses.

The Enterprise Development Grant primarily covers expenses related to eligible projects such as consultancy fees, software and equipment, and costs associated with internal manpower.

The funding support is up to 50% for non-sustainability related projects and up to 70% for sustainability related projects.,

In a recent announcement during the Budget 2023, it has been decided to further extend this enhanced support level until 31 March 2026, which was previously scheduled to end on 31 March 2023. This extension aims to provide continued assistance to businesses during these challenging times and facilitate their recovery and growth.

FMC’s Business Doctor Program

With our Business Doctor Program led by RMC, Chia Kok Wei, we can core capabilities management projects for SMEs in these areas:

  • Business & Brand Sustainability Strategic
  • Development
    Sustainable Corporate Finance Framework & Finance Optimisation
  • Human Capital Development
  • Enterprise Risk Management

SME owners would be able to achieve both qualitative and quantitative outcomes outlined from initial consultation.

Application can take up to four months to approve after submission via Bizgrant portal.
Claim process can take up to two months after project completion.

EDG Grant Period:
1st April 2023 to 31st March 2026

Join the ranks of thriving Singaporean businesses that have harnessed the power of the EDG grant to drive their ambitions forward. Take the first step towards realizing your business dreams — partner with Finnex today.

Frequently Asked Questions

Can I receive support under the Enterprise Development Grant (EDG) for projects that involve both domestic and overseas elements and/or activities?
Yes, you can receive support under the Enterprise Development Grant (EDG) for projects that involve both domestic and overseas elements and/or activities.
This is to prevent related-company transactions that may be otherwise be considered as resource re-deployment rather than an act of new initiative that drives growth to the organization.
There is no specified timeline as project scopes differ and some may take a longer time for designs and implementation. However, a typical consultancy project should be able to be completed within 1 year.
For further information regarding the EDG, you should contact Enterprise Singapore, the government agency responsible for championing enterprise development.
  • Update your company’s information in the Bizgrant portal
  • Upload and update your last 3 FYs financial performance
  • Ensure that your contact person’s contact and email are updated
  • Prepare your project quotation and proposal ready for submission during the application process.
  • Select “New Grant Application” and check the relevant boxes.
  • Follow through the process and upload your project documentation and details.
  • Check the entire application details and select the declaration note before clicking the “Submit” Button
  • Save a copy and note the Case Ref Id.
  1. Project Proposal
  2. Project Quotation
  3. Company Last 3 FYs Financial Reports

Yes, you can make a second attempt. However, it is good to always check with your vendor or a consultant to understand the reason for rejection as it may include but is not limited to:

  • Wrongful Grant Application
  • Black-listed Vendor / Consultant
  • Company did not illustrate affordability against the project cost.

To increase your chances of approval for EDG, make sure your project aligns with the objectives of the grant. You should provide a detailed and comprehensive project proposal that clearly outlines the objectives, scope, expected outcomes, and a realistic timeline for implementation.

Additionally, demonstrating a clear understanding of how the grant funds will be utilised and seeking professional advice or guidance to strengthen your application can also improve your chances of approval.

Work with experienced consultants from Finnex to ensure that your application has all the correct relevant information.