The Enterprise Development Grant (EDG) is a game-changing initiative by Enterprise Singapore, a powerhouse organisation dedicated to empowering local businesses. With the EDG, Singaporean businesses receive a powerful boost to fuel their growth and transformation. This remarkable program covers up to 80% of qualifying project costs, including consultancy, software and equipment expenses, and internal manpower costs. Get ready to unlock your business’s true potential with the EDG!
Core Capabilities
This particular facet of the enterprise development grant focuses on projects that aim to enhance and reinforce a company’s unique value proposition. The overarching objective is to empower businesses to become more competitive by strategically emphasising and capitalising on the distinctive elements that set them apart from their counterparts in the industry.
This particular facet of the EDG is primarily focused on undertaking projects that aim to enhance and reinforce a company’s unique value proposition. It encompasses a wide range of initiatives, including but not limited to:
- Business model transformation
- Process optimisation
- Service excellence enhancement
And much more. The overarching objective is to empower businesses to become more competitive by strategically emphasising and capitalising on the distinctive elements that set them apart from their counterparts in the industry.
Innovation and Productivity
In a rapidly changing business landscape, innovation is pivotal in driving success. The enterprise development grant supports projects in this category that focus on embracing automation, upgrading equipment, or even reviewing and streamlining work processes to enhance efficiency. Any project that effectively boosts your company’s productivity through innovative strategies and solutions is eligible for consideration under this grant.
Projects under Innovation and Productivity include:
- Embracing Automation: Implementing automated systems and processes to streamline operations and increase efficiency.
- Work Process Review and Streamlining: Assessing and optimizing work processes to eliminate inefficiencies and improve productivity.
- Research and Development: Investing in research and development activities to create innovative products, services, or processes.
Market Access
Breaking into a new market can be a daunting and challenging endeavour for any business. However, the Enterprise Development Grant (EDG) serves as a valuable support system by providing subsidies for projects that aid companies in expanding into overseas markets.
These projects encompass a wide range of activities, including market research and analysis, development of market entry strategies, participation in international trade fairs and exhibitions, adoption of global standards and certifications, establishment of international partnerships and collaborations, and much more.
Under Market Access, the EDG offers subsidies for various projects to aid companies in expanding into overseas markets. These projects include:
- Market research and analysis
- Development of market entry strategies
- Participation in international trade fairs and exhibitions
- Adoption of global standards and certifications
- Establishment of international partnerships and collaborations
For more information, you can visit the reference link: Enterprise Development Grant – Market Access Projects.
With its comprehensive offerings and tailored assistance, the EDG emerges as an exceptional resource for companies aspiring to establish a strong global presence, navigate the complexities of international business, and make a lasting impact in the international arena. Whether exploring untapped market opportunities, building a global network, or enhancing competitiveness in the global marketplace, the EDG supports businesses at every step of their international expansion journey.
Conclusion
The Enterprise Development Grant (EDG) is a fantastic and supportive scheme catering to many projects. Whether you’re looking to boost your core capabilities, innovate for greater productivity, explore new markets, or even merge and acquire, the EDG has got you covered! Businesses in Singapore seeking to scale up their operations will find the EDG to be a valuable ally in their development journey.
Remember, the EDG is not a one-size-fits-all solution but an adaptable grant that can be moulded to suit your business needs. With this in mind, it’s time to seize the opportunity and let your business soar to new heights with the Enterprise Development Grant.
