Enterprise Development Grant - EDG
COVID-19–protect your business, take it digital to transform and grow!
Singapore government lands a landmark resilience budget close to S$55 billion, or 11 percent of our GDP, to “support our people in this battle.” This allows the expansion of Enterprise Development Grant to fund up to 70-90% of the fees to defray the cost of qualified projects. For SMEs affected by COVID-19, funding for qualified projects can be up to 90% valid up to December 2020.
There’s no better time than NOW to leverage on generous government funding support to invest in developing
(1) Core Capabilities
(2) Innovation & Productivity
(3) Market Access
DEXT has been helping SME transform their businesses leveraging on Government Support through the EDG scheme, we have consultants on the certified EDG panel to support you in designing the programs and sizing the project costing, our team has helped many organizations successfully transform by leverage on EDG Grants.
Some of our successful case studies
01
A wholesaler consulted with DEXT, leveraging on EDG funds to build a new business online. Today, the business has grown and in times like COVID, they are ready to support online sales and distribution island wide. DEXT develop the business strategy, build the e-Commerce, marketing and social media outreach program and quickly empowered with digital.
02
A rapidly growing engineering company was looking for help to “Re-Imagine” a different future, DEXT took the company through a “Envisioning Workshop – The Art of the Possible” to help facilitate the leadership team to “Re-Imagine”, leveraged on the various tools, DEXT helped company frame the roadmap to success and meets leadership ambition to accelerate growth and empower transformation. Team subsequently embarked on a series of human capital development programs “Cutting Edge” – Sharpening Organization for Peak Performance and “People Edge” helping individuals and team discover their design/make and dynamic for the best “You” the best team performance.
03
A logistics company looks to transform its brand, DEXT embarked on a journey to help “Re-Imagine”, shaped the Re-Branding Strategy and undertake from design to launch the “Re-Branding & Marketing Campaign”. Today, this company successfully got acquired by world-wide international operation.
EDG Supports
The grant funds qualifying project costs namely third party consultancy fees, software and equipment, and internal manpower cost.
As announced at Supplementary Budget 2020, the maximum support level will be raised to 80% from 1 April 2020 to 31 December 2020.
For enterprises that are most severely impacted by COVID-19, the maximum support level may be raised to 90% on a case-by-case basis.
To Qualify:
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Be registered and operating in Singapore
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Have a minimum of 30% local shareholding
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Be in a financially viable position to start and complete the project
Applications will be assessed by Enterprise Singapore based on project scope, project outcomes and competency of the service provider.
TESTIMONIALS
“I would like to thank you for seeing us through the entire EDG project. The team has greatly benefited from the training and we are optimistic in engaging our clients digitally. The business transformation program has provided a comprehensive understanding and confers real value to our business. On behalf of Antah Forwarders, I would like to thank you & your team for the support and we wish Dext success in all its endeavors. "
JABEZ ONG / MANAGING PARTNER
“On behalf of Newark, we would like to Thank You for assisting Newark through the recent business transformation program.
Greatly appreciate the professionalism displayed, pro-active follow-up on the execution plan, and meeting sessions to ensure the project is on track to completion. It was a great experience working with Ady and the team!"
FANNY LEE / SNR MANAGER (SALES / PROJECTS)
“I came to Rick & his team to understand how I can transform my business and his proposal was practical. Rick took me through a journey to understand the industry today and what the future could be and then plotted a roadmap for how I should approach in taking on this business. He provided a vision to grow the current segment with ideas and strategies for digital engagement too. The analysis provided was a clear vision of linear growth on the existing segment, the opportunity for exponential growth if we cover the white space of direct online retail buyer, his team then went on with developing an optimized web presence, in preparation to launch our e-Commerce and online sales engine.
The team also provided marketing & branding consultancy to help us increase our brand awareness to our customers. I am positive about the plans that Rick has provided and will continue to work with him closely to improve my business!
Kiang Huat, Business Owner,"
LIM WEI JIAN JASON