If you're a Singapore-based SME looking to innovate, grow, or expand overseas, the Enterprise Development Grant (EDG) is your golden opportunity. Offered by Enterprise Singapore, the EDG supports projects that help businesses strengthen their capabilities, transform digitally, or venture into new international markets.

But before you dive into the EDG Grant application, preparation is key. A well-prepared application significantly increases your chances of approval and speeds up the processing time. Here's everything you need to know and prepare to confidently apply for the EDG Grant in Singapore.

What is the EDG Grant?

The Enterprise Development Grant (EDG) provides financial support to Singapore companies working on projects that fall under three core pillars:

1. Core Capabilities – Enhancing internal processes, strategy, or branding.

2. Innovation and Productivity – Streamlining operations or adopting technology.

3. Market Access – Expanding into overseas markets.

With up to 50% funding for eligible SMEs (and up to 70% for some sustainability-related projects), the EDG is a powerful resource for business growth and transformation.

What You Need to Prepare Before Applying for the EDG Grant

Many applications get delayed or rejected simply due to a lack of preparation. Here's a checklist of what you need before you apply:

1. Project Scope and Objectives

Prepare a clear proposal that outlines:

• The problem you want to solve.

• Your proposed solution (consultancy, systems upgrade, new market expansion, etc.).

• The expected outcomes and how they benefit your business.

  This should align with one of the three EDG pillars.

2. Consultant or Vendor Quotation

If your project involves a third-party consultant, you must submit:

• A formal quotation

• The consultant’s track record

• A breakdown of deliverables and timelines

• Make sure the consultant is not a related party and is qualified in the field.

3. Business Financials

Enterprise Singapore needs to see that your business is viable and sustainable. You’ll need:

• The latest 2 years of audited financial statements

• Profit & Loss statements and balance sheets

• These documents are key in assessing your company’s financial health.

4. Company’s ACRA BizFile

You must be a registered Singapore business. Download and submit your ACRA BizFile to prove eligibility.

5. Project Timeline & Milestones

Break your project down into phases and provide an estimated start and end date. Include KPIs, deliverables, and key milestones to demonstrate structured implementation.

6. Projected Costs and Budget

Create a detailed breakdown of the total cost and what components are eligible for EDG funding. This should include:

• Consultancy fees

• Software or systems expenses

• Training costs

• Overseas marketing expenses (if applicable)

7. Corporate Bank Account Details

Grants are disbursed to your corporate bank account, so be sure this is set up and verified.

Tips for a Successful Application

• Work with an experienced EDG Grant consultant like us to streamline your application process.

• Ensure all documents are complete and up to date incomplete submissions are the top reason for delays.

• Articulate clear ROI (return on investment) and how the project supports business growth.

• Make use of the Business Grant Portal (BGP) to submit your application digitally.

Why Start Now?

The EDG Grant is a limited-time government incentive and may evolve year to year. The earlier you begin your application, the faster you can start reaping the benefits whether it's stronger branding, improved productivity, or entering a new market.

We help SMEs like yours navigate the entire EDG application process, from project scoping to final submission. We simplify compliance, increase approval chances, and help you unlock the full funding potential.

Get in touch with us today to find out how we can help your business grow through the EDG Grant Singapore’s leading funding scheme for transformation and success.