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Leveraging the Enterprise Development Grant (EDG)

The EDG grant covers up to 80% of your project costs when you engage certified consultants to digitise, optimise, and automate your processes

What is the Enterprise Development Grant (EDG)?

The Enterprise Development Grant (EDG) is a grant administered by Enterprise Singapore to help Singapore companies grow and transform. The grant supports projects that help Singapore companies in these 3 areas:

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  • Strengthening core capabilities

  • Enhancing innovation and productivity

  • Supporting market access

 

You can find out more about EDG here.

What is supported under the EDG grant?

The following qualified project costs are supported:

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  • Third-party consultancy fees

  • Software and equipment

  • Internal manpower costs

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As announced at the Supplementary Budget 2020, the maximum support level will be raised to 80% from 1 April 2020 to 30 September 2021.

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More specifically, under the Innovation and Productivity pillar, the grant supports companies to explore new areas of growth and to look for ways to improve their efficiency. This includes automation and process redesign. The scope of work can cover the following: 

Automation

  • Adoption/development of sophisticated hardware and/or software solutions

  • Development of solutions that involve purchase of machinery and integration of systems

  • Training of staff to deploy solutions

Process Redesign

  • Review and streamline of workflows to reduce or remove redundant processes

  • Exploring the use of technology to automate processes

  • Development of tracking and measurement system

  • Development of detailed roadmap of actions for further improvement

Source: Information on EDG for automation and process redesign activities from Enterprise Singapore's website

Who are eligible for the EDG grant?

​The minimum qualifying criteria for EDG include:

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  • Being a business entity registered and operating in Singapore

  • Having a minimum of 30% local shareholding

  • Being in a financially viable position to start and complete the project

Making the best use of the EDG grant

The EDG grant allows you to cost-effectively engage experts to help you make your processes more efficient. 

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For example, you could use the EDG grant to offset the costs of engaging automation experts to review and redesign your existing workflows, and to leverage technologies like Robotic Process Automation (RPA) to digitise and automate business processes. This cuts down mundane, menial tasks and frees up your employees for activities that truly add value to your business.

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To maximise your chances of a successful EDG grant application, your project must be scoped in a way that fulfills all grant requirements.

All management consultants at CFB Bots are certified as Singapore Certified Management Consultant, an EDG grant pre-requisite by Enterprise Singapore. With experience automating hundreds of processes for our clients, we can help you realise the benefits of automation while making full use of the EDG grant.

 

Our scope of work includes:

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  • Drafting your application to ensure the grant qualifying criteria are fulfilled, including project scope and project outcomes

  • Helping your company realise an actual return on investment while ensuring positive outcomes for employees, including job re-skilling and up-skilling

  • Provision of consultancy services to support all aspects of the project until its successful completion

Image by Douglas Bagg

Make full use of the EDG grant to up your productivity

Our Singapore Certified Management Consultants will help you optimise funding support for your automation project while ensuring maximum ROI.

CFB Bots is a leading technology service provider in the fast-growing field of Intelligent Automation. We partner with large enterprises in their Digital Transformation journey and help them and their employees thrive in the Future of Work.

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CONTACT US

CFB Bots Pte Ltd

7030 Ang Mo Kio Avenue 5

#03-25, NORTHSTAR@AMK,

Singapore 569880

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T: (65) 6909 2099

E: enquiries@cfb-bots.com

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