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
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.
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
Applications will be assessed by Enterprise Singapore based on project scope, project outcomes and competency of the service provider.