How to Apply for the Singapore EDG Grant: Step-by-Step Guide for SME Owners

In Singapore’s fast-evolving business environment, transformation is no longer optional—it’s essential. Small and medium-sized enterprises (SMEs) must consistently find ways to innovate, streamline processes, and expand into new markets. However, these improvements often come at a cost. That’s why the Enterprise Development Grant (EDG), offered by Enterprise Singapore, has become one of the most powerful support tools for local businesses.

If you’re an SME owner thinking about tapping into this grant, you’re in the right place. This guide will take you through the step-by-step EDG application process, so you can approach it with confidence and clarity.

📌 Need help with your application? Contact the experts at https://grantconsultant.sg/enterprise-development-grant-edg-singapore/ to increase your chances of approval.

What Is the Enterprise Development Grant (EDG)?

Before we dive into the application steps, here’s a quick refresher.

The EDG supports projects in three key areas:

1. Core Capabilities – Strengthening foundational aspects like business strategy, HR, and branding.

2. Innovation and Productivity – Redesigning processes, adopting technology, and improving workflow efficiency.

3. Market Access – Assisting businesses to expand overseas.

The grant can subsidize up to 50% of qualifying project costs, making it a great enabler for ambitious SMEs.

Who Can Apply?

To be eligible for the EDG, your company must:

• Be registered and operating in Singapore

• Have at least 30% local shareholding

• Be in a financial position to start and complete the project

Step-by-Step Guide to Apply for the EDG Grant

Now, let’s walk through the application process from planning to submission.

Step 1: Identify Your Project Type

The first step is to determine which EDG support pillar your project falls under. Here’s how to assess:

• Core Capabilities – Are you looking to improve internal business functions? (e.g., marketing strategy, HR systems)

• Innovation and Productivity – Are you adopting new technology or redesigning workflows?

• Market Access – Are you planning to explore or expand into new overseas markets?

Clearly identifying the project type will help streamline your proposal and align with the right criteria.

Step 2: Define the Project Scope and Objectives

Once you’ve chosen your project type, it’s time to define:

• Project title and objective

• Key deliverables

• Implementation timeline

• Measurable outcomes (e.g., cost savings, revenue growth)

A strong project proposal outlines what you’re doing, why you’re doing it, and how it will benefit the business. Avoid vague descriptions and be as detailed as possible.

Step 3: Engage a Qualified Consultant (if needed)

Some EDG projects, especially under Core Capabilities and Innovation/Productivity, require a third-party consultant to be involved.

• Make sure your consultant has relevant experience and is not a related party.

• Obtain a quotation and scope of work document from them.

• Ensure the consultant is prepared to submit their credentials for the application.

Working with the right consultant not only adds value to your project but also improves your application credibility.

Step 4: Prepare Required Documents

Here are the documents you’ll typically need:

1. Project Proposal – Describing objectives, deliverables, and expected outcomes.

2. Cost Breakdown – Include consultant fees, internal manpower, software/equipment cost.

3. Consultant’s Proposal and CV – Including relevant track record.

4. Latest Audited Financial Statements – Usually for the past 1 or 2 years.

5. ACRA Bizfile – Updated company profile.

6. Quotations – For equipment or services if applicable.

All documents should be clear, well-organised, and aligned with your overall business goals.

Step 5: Register on the Business Grants Portal

Applications for the EDG are made via the Business Grants Portal (BGP).

Here’s what you need to do:

• Log in using your CorpPass

• Select “Enterprise Development Grant” under “Grants”

• Fill in your company’s details and project information

• Upload all the required documents

• Review your submission and click “Submit”

You’ll receive a reference number after submission to track your application status.

Step 6: Wait for Approval

Enterprise Singapore typically takes 8 to 12 weeks to evaluate your application. They may contact you for clarifications, especially if:

• Your project scope is not clear

• Your cost breakdown is incomplete

• Supporting documents are missing

During this period, it’s important to stay responsive and provide the necessary follow-up documents promptly.

Step 7: Project Execution Upon Approval

Once approved, you’ll receive a Letter of Offer outlining:

• Approved funding amount

• Terms and conditions

• Claim process details

Now, you can begin your project based on the approved scope and timeline. Be sure to:

• Keep records of expenses

• Track project milestones

• Capture before-and-after results for claim submission

Step 8: Submit Claims Upon Completion

After completing your project, you’ll need to submit claims to receive the approved funding. This involves:

• A final project report

• Invoices and receipts

• Bank statements as proof of payment

• Proof of project deliverables (e.g., systems implemented, documents created)

Enterprise Singapore may conduct an audit or site visit to verify the project outcomes.

If all is in order, reimbursement will be processed directly to your company’s bank account.

Tips to Increase Your Chances of Approval

Here are some best practices that can make a big difference:

✅ Be specific – Clearly define your goals, expected benefits, and how you’ll measure success.
✅ Get quotes early – Don’t wait till the last minute to get proposals or equipment quotations.
✅ Align with Singapore’s industry goals – Emphasize how your project supports national priorities like digitalisation or sustainability.
✅ Engage a grant consultant – They can guide you through the technicalities and improve your submission.

✅ Need expert help to streamline your application? Visit https://grantconsultant.sg/enterprise-development-grant-edg-singapore/ and get support from professionals with proven EDG application success.

Common Mistakes to Avoid

❌ Submitting incomplete documents
❌ Choosing an unrelated or inexperienced consultant
❌ Not defining clear project outcomes
❌ Ignoring the reporting and claim submission steps after project completion

Avoid these pitfalls to prevent delays or rejection.

Final Thoughts

The Enterprise Development Grant is one of Singapore’s most valuable funding tools for SMEs looking to grow, innovate, and compete globally. While the application process may seem daunting at first, it becomes manageable when approached step by step.

By planning ahead, engaging the right consultants, and preparing a strong proposal, you can dramatically improve your chances of securing funding that could transform your business.

2025 is the year to take bold steps forward—and the EDG is here to support you on that journey.