ENTERPRISE DEVELOPMENT GRANT (EDG) - UP TO 50% FUNDING SUPPORT TO TRANSFORM YOUR BRAND

In today's competitive landscape, Singapore companies that thrive are those with strong business foundations, innovative strategies, and a growing overseas presence. For businesses seeking financial assistance, the Enterprise Development Grant (EDG) provides a powerful solution among the various SME grants available in Singapore.

Financial Assistance for Businesses

The EDG grant, a strategic funding initiative by Enterprise Singapore, provides financial support for businesses looking to innovate, transform, and grow. This Singapore enterprise grant is designed to empower Singapore SMEs, offering up to 50% funding support for eligible projects. Whether you're aiming to strengthen core capabilities, enhance productivity through automation, or expand your overseas ventures, the EDG grant application process opens doors to valuable resources and government funding for startups Singapore.

From 1 April 2023, SMEs can receive up to 50% support through the EDG grant portal (sustainability-related projects may be supported at up to 70% from 1 April 2023 to 31 March 2026). This makes the EDG one of the most attractive Singapore government grants for SME, providing substantial financial assistance for businesses looking to stay competitive in the global marketplace.

Why Choose Creativeans as Your EDG Consultant

As an award-winning brand consultancy with SAC-accredited certification and Enterprise Singapore-certified Registered Management Consultant (RMC) status, Creativeans provides comprehensive support for your ESG grant application. We have successfully guided companies across diverse industries through the EDG process, ensuring strong proposal development, grant compliance, and project execution.

We will help you:

  • 1Craft compelling project proposals
  • 2Ensure compliance with EDG guidelines
  • 3Liaise with ESG and appointed auditors
  • 4Maximise your funding potential

Our proven success rate with ESG funding and years of experience make us the trusted partner for Singapore companies ready to innovate and expand.

BOOK YOUR FREE EDG ADVISORY

3 PILLARS OF EDG SUPPORT

Applying for the EDG Grant

To begin your EDG grant application, you'll need to access the Business Grants Portal (also known as the BGP portal) using your CorpPass credentials. This portal, similar to the PSG grant portal, streamlines the application process for various business grants offered by Singapore, including the EDG.

When applying, it's important to understand the qualifying costs covered by the grant. These may include expenses related to third-party consultancies, software and equipment, and internal manpower directly involved in the project implementation.

It's worth noting that while the EDG is primarily targeted at SMEs, non-SMEs may also be eligible for support in certain cases, particularly for projects that have significant potential for job creation or positive worker outcomes. This makes it an attractive option for both SME funding Singapore and startup funding Singapore.

Maximising Your EDG Grant Benefits

To make the most of your EDG grant:

  • 1Clearly define your project objectives and how they align with EDG's goals
  • 2Provide detailed project timelines and milestones
  • 3Outline expected outcomes, including potential for business upgrading and wage increment
  • 4Prepare comprehensive financial projections and audited financial statements if required

By leveraging the EDG grant, your business can access the SME funding Singapore needs to drive innovation, enhance productivity, and expand into new markets. Whether you're exploring startup grants Singapore or an established SME looking for business grants, the Enterprise Development Grant offers a valuable opportunity to transform your operations and stay competitive in the global marketplace.

The EDG is more than just financial assistance; it catalyses transformation. By providing the resources needed for companies to innovate and grow, this Singapore enterprise grant plays a crucial role in shaping the future of businesses in Singapore. Whether you're looking to enhance your core capabilities, boost productivity, or expand into new markets, the EDG can provide the support you need to take your business to the next level.

Understanding the Enterprise Development Grant (EDG)

What is the Enterprise Development Grant (EDG) in Singapore?

The Enterprise Development Grant (EDG) is a funding initiative by Enterprise Singapore designed to help local businesses grow and transform. It supports projects in three key areas: Core Capabilities, Innovation and Productivity, and Market Access. EDG encourages companies to upgrade their operations, explore international markets, and strengthen business foundations for long-term growth.

Who is eligible for the Enterprise Development Grant?

To qualify for EDG support, a business must meet these criteria: • Be registered and operating in Singapore • Have a minimum of 30% local shareholding • Be financially viable to undertake and complete the project For SMEs, additional classification applies, such as having an annual turnover not exceeding S$100 million or employing no more than 200 workers.

What is the maximum funding support under EDG?

SMEs can receive up to 50% of eligible project costs. Non-SMEs may receive up to 30%. From April 2023 to March 2026, selected sustainability-related projects may be eligible for higher support levels, subject to approval by Enterprise Singapore.

What types of costs are eligible for EDG funding?

EDG supports qualifying project costs such as third-party consultancy fees, acquisition of equipment and software, and incremental internal manpower costs directly related to the project.

Application Requirements

Are your consultants recognised by Enterprise Singapore?

We are Registered Management Consultants (RMC), an Enterprise Singapore-recognised certification programme for management consultants aligned to SS 680:2021 Specification for Management Consultants. With effect from 1 January 2017, SMEs seeking EDG support for consultancy-related costs under their capability upgrading projects will have to engage certified management consultants who possess Enterprise Singapore-recognised certification.

Why choose Creativeans?

Our lead consultants Kimming Yap and Yulia Saksen are registered management consultants (RMC) and recognised industry leaders.

  • 1We have over a decade of track record working with SMEs to apply for government grants.
  • 2Our team will support you in the grant application process and provide reliable advice.
How long does the EDG application process take?

The Enterprise Development Grant application process typically takes between 8 to 12 weeks from submission to approval. Processing time may vary depending on the project's complexity and completeness of the application.

What documents are required for the EDG application?

The required documents for the EDG application include: • Latest ACRA BizFile (dated within 6 months) • Audited financial statements or certified management accounts for the last financial year • A detailed project proposal using Enterprise Singapore templates • Quotations or proposals from vendors or consultants • Proof of consultant certification (for consultancy projects)

Can I apply for the Enterprise Development Grant on my own?

Yes, businesses can apply for the EDG directly through the Business Grants Portal using CorpPass. However, if your project involves consultancy work, you must engage a consultant certified under ESG's Registered Management Consultant (RMC) framework.

How can I determine if my project qualifies for the EDG?

To qualify, your project must align with one of EDG’s three pillars and involve eligible costs such as third-party consultancy, software and equipment purchase, or internal manpower. Projects should demonstrate clear business impact and capability development.

What happens after I submit my EDG application?

After submission through the Business Grants Portal, Enterprise Singapore will review your application and may request additional information. Once approved, you will receive a Letter of Offer outlining the grant details and conditions. You must accept the offer before starting your project.

How detailed should my EDG project proposal be?

Your project proposal must be comprehensive and clearly state the project objectives, scope of work, implementation timeline, and expected business outcomes such as increased revenue, productivity, or overseas expansion. Financial projections for the next three years are also required.

When will I receive the EDG funding?

The Enterprise Development Grant is disbursed on a reimbursement basis. Businesses must first complete the approved project and submit a claim through the Business Grants Portal. Disbursement typically occurs within 6 to 8 weeks after a successful audit and claim verification.

Do I need to pay any upfront costs before receiving EDG support?

Yes, companies must bear the upfront project costs first. You can submit an interim claim for up to 20% of the approved grant amount after starting the project but before full payment to vendors, subject to Enterprise Singapore's approval.

How do I submit EDG claims after project approval?

After completing your project, submit all invoices, receipts, proof of deliverables, and a final project report through the Business Grants Portal. A third-party audit from an Enterprise Singapore-approved auditor is required to verify claimable expenses.

Is there an audit requirement after receiving EDG support?

Yes, an audit process is mandatory before grant disbursement. Companies must appoint a certified auditor from ESG’s pre-approved panel to validate all claims. Enterprise Singapore may also conduct follow-up checks to ensure compliance.

Maximising Your Grant

What projects are not eligible for EDG funding?

Enterprise Singapore does not support projects that have commenced before the grant application is approved. Additionally, marketing-only initiatives, such as promotional campaigns, advertisements, and production of collateral like flyers, websites, and influencer engagement, are excluded from EDG funding.

Why do I need a certified consultant for EDG applications?

Enterprise Singapore requires companies engaging consultants to use those certified under the Registered Management Consultant (RMC) scheme. Certified consultants ensure that the project meets professional standards and aligns with ESG’s funding guidelines.

What is a Registered Management Consultant (RMC)?

An RMC is a consultant certified under the Singapore Standards SS 680 or Technical Reference TR 43. These consultants are officially recognised by Enterprise Singapore and are qualified to lead strategic transformation projects under the EDG scheme.

How does Creativeans assist with EDG applications?

Creativeans is a branding consultancy and Enterprise Singapore-recognised RMC that provides end-to-end EDG support. We help develop strong project proposals, manage grant documentation, liaise with auditors, and guide you through the application and claims process to maximise approval success.

What is Creativeans’ success rate with EDG applications?

We have an excellent track record of securing EDG approvals for our clients across a wide range of industries. Our success lies in strategic planning, proposal clarity, and strict compliance with Enterprise Singapore’s funding criteria.

Which industries has Creativeans supported with EDG grants?

Creativeans has successfully supported businesses in industries such as branding, packaging, design, manufacturing, consumer goods, professional services, technology, and sustainability. We tailor our approach to each client’s unique business needs and goals.

DOUBLE TAX DEDUCTION FOR PACKAGING DESIGN

Administrated by IRAS, companies planning to expand overseas can benefit from the DTDi tax deduction scheme with a 200% tax deduction on eligible expenses for international market expansion and investment development activities. DTDi supports activities across key stages of a company’s overseas growth journey.

Creativeans supports Singapore companies in packaging design for overseas markets and prepares you to embark on your brand internationalisation journey.

WITH THE OUTLINED REQUIREMENTS AND CHALLENGES, CREATIVEANS INTENDS TO EMBARK ON THE FOLLOWING:

  • 1To promote the company’s new products and services to new target market(s)
  • 2To promote the company’s new products and services to existing customers
  • 3To promote the company’s existing products and services to existing markets so as to increase market share

General Questions

What are the qualifying expenses for DTDi for Packaging Design?

Qualifying costs for the Design of Packaging for Overseas Markets include:

  • 1Third-Party Consultancy Fees (e.g., fees paid to marketing firms, consulting firms, design firms)
  • 2Cost for producing prototype of the packaging*
  • *Please note that only the cost of engaging a third-party consultant qualifies for DTDi. Printing costs of the packaging does not qualify for DTDi.

Are Creativeans consultants recognised by Enterprise Singapore?

We are Registered Management Consultants (RMC), an Enterprise Singapore-recognised certification programme for management consultants aligned to SS 680:2021 Specification for Management Consultants. With effect from 1 January 2017, SMEs seeking EDG support for consultancy-related costs under their capability upgrading projects will have to engage certified management consultants who possess Enterprise Singapore-recognised certification.

Why choose Creativeans?

Our lead consultants Kimming Yap and Yulia Saksen are registered management consultants (RMC) and recognised industry leaders.

  • 1We have over a decade of track record working with SMEs to apply for government grants.
  • 2Our team will support you in the grant application process and provide reliable advice.

UP TO $20K PER NEW MARKET FOR OVERSEAS MARKETING AND PR ACTIVTIES

The Market Readiness Assistance (MRA) grant administrated by Enterprise Singapore helps companies expand into new markets overseas by defraying the costs of overseas market promotion, business development and set-up.

Creativeans supports Singapore companies in their overseas marketing and PR activities.

The enhanced MRA grant cap of up to S$100,000 will be extended until 31 March 2025.

SINGAPORE COMPANIES CAN TAP ON THE MRA GRANT WITH CREATIVEANS FOR THEIR OVERSEAS MARKET PROMOTION. WE HELP TO COVER ACTIVITIES INCLUDING:

  • 1PR Development
  • 2Content Distribution
  • 3Media Clipping and Monitoring
  • 4Onsite Photography and Videography
  • 5Onsite Media Management

General Questions

Is our company eligible for MRA Grant?

To be eligible, businesses must:

  • 1Be registered and operating in Singapore
  • 2Have at least 30% local equity held directly or indirectly by Singapore(s) and/or Singapore PR(s), determined by the ultimate individual ownership
  • 3New to target overseas market
  • 4Company has a Group Annual Sales Turnover not exceeding S$100 million OR a Group employment size not exceeding 200 employees
Are your consultants recognised by Enterprise Singapore?

We are Registered Management Consultants (RMC), an Enterprise Singapore-recognised certification programme for management consultants aligned to SS 680:2021 Specification for Management Consultants. With effect from 1 January 2017, SMEs seeking EDG support for consultancy-related costs under their capability upgrading projects will have to engage certified management consultants who possess Enterprise Singapore-recognised certification.

Why choose Creativeans?

Our lead consultants Kimming Yap and Yulia Saksen are registered management consultants (RMC) and recognised industry leaders.

  • 1We have over a decade of track record working with SMEs to apply for government grants.
  • 2Our team will support you in the grant application process and provide reliable advice.

DoN'T just take our word
for it, here's what our
clients say

Professional and attractive image

Since the rebranding by Creativeans, the result was a brand that had increased perceived value, a professional and attractive image, and a strong sense of consistency and integrity.

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Tan Je Wee, Executive
VOREL

An insightful and pleasant experience

Creativeans has been very professional throughout the entire rebranding process and we have learnt about our own company from them. It has been an insightful and pleasant experience working with them.

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Phillip Ong, CEO
SP Manufacturing

Establishing Singapore as an emerging creative hotbed

Creativeans is moving closer toward its goal of establishing Singapore as an emerging creative hotbed, encouraging exchanges between international consumers and Singaporeans designers.

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Surface Asia Magazine

Gladly continue partnering with them

In engaging Creativeans, I found their service prompt and reliable. The output was consistent with our expectations. It was a pleasure working with Creativeans and I would gladly continue partnering them.

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Roy Tang, Director
4R Group

One of the most creative and professional design and brand consultants

Creativeans is one of the most creative and professional design and brand consultants I have worked with. Their work is smart, thoughtful and absolutely beautiful!

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Judy Tham, Founder
One Elephant

Like the revamped look

Thanks so much for your patience & insights… we like the revamped look and can’t wait to get the namecards. 🙂

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Nicole Chiang, Director
Diversity Capital Holdings

We were very satisfied

We were very satisfied with the amount of data collected, and with their analysis and recommendations, we identified how to create a unique brand position for our company.

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Jake Tan, Executive Director
Admira

An attentive service you perhaps wouldn’t find with a larger company

It was always important to us to work with a local Singaporean company & Creativeans combines international design expertise with regional knowledge & affordability.

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Allard Nooy, CEO
InfraCo Asia

Increased in both sales and enquires

Since the implementation of our new brand, we have seen increased sales & enquiries for our products & services. We are very satisfied with Creativeans’s professionalism.

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Lionel Peh, <br>Regional Operations Manager
Instaprotection

Satisfied with their patience & dexterity

We were very satisfied with their patience & dexterity to come up with a not less than perfect designs, leading to a now brand identity that exceeds the company’s goals and expectations.

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Natalie Lim, Marketing VP
Blue Aqua International

Excellent post-project service and assistance

We are impressed with Creativeans systematic approach towards identifying the gaps in our brand image, the active listening to our branding needs and the creative energy that was poured into crafting your designs.

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James Yin, Marketing Manager
ParexGroup

Always open to our feedback

Working with Creativeans has been a fruitful journey for us. They are always open to our feedback & gave us their insights that allow us to have an alignment in our visions.

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Mr Ling, CEO
Four Star Industries

Actionable tools that [we] can implement easily

We were very satisfied with Kimming and his team at Creativeans and are confident of their expertise to help Tidy become the leading brand in the disposal and recycling industry.

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Vincent Wang, Director
Tidy Maintenance & Engineering

Happy that our referrals have increased

We have seen increased brand awareness & now have a strong differentiation factor from others. We are happy now that our referrals have increased & we have attracted more corporate partners coming to support our programmes.

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Go Katheleen, Senior Manager
Filos

Always open to our feedback

Working with Creativeans has been a fruitful journey for us. They are always open to our feedback & gave us their insights that allow us to have an alignment in our visions.

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Mr Ling, CEO
Four Star Industries

Actionable tools that [we] can implement easily

We were very satisfied with Kimming and his team at Creativeans and are confident of their expertise to help Tidy become the leading brand in the disposal and recycling industry.

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Vincent Wang, Director
Tidy Maintenance & Engineering
Yulia Saksen

Yulia Saksen

International Brand Consultant and Co-Founder of Creativeans

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