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:
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:
Third-party consultancy fees
Software and equipment
Internal manpower costs
As announced at Budget 2021, the enhanced support level of up to 80% for SMEs and up to 60% for non-SMEs will be extended to 31 Mar 2022.
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:
Who are eligible for the EDG grant?
The minimum qualifying criteria for EDG include:
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.
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.
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:
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
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.