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Application Process For EDG Grant Singapore

EDG Grant Application

Dynamic web development has been a popular field of interest for many Singaporean businesses looking to establish a strong online presence. To support these businesses, the Singaporean government has introduced the Enterprise Development Grant (EDG) to help eligible businesses develop their capabilities and grow.

Enterprise Development Grant Edg Grant Singapore

In this article, we will explore the application process for the EDG grant in Singapore and provide some key information that businesses need to know.

Eligibility Criteria for EDG Grant Singapore

To apply for the EDG grant, a business must meet the following criteria:

  1. Must be registered and operating in Singapore.
  2. Must be a business entity, with a minimum of 30% local shareholding.
  3. Must be in a financially viable position to start and complete the project.
  4. Must not have received EDG support for the same project or capability enhancement previously.

The Application Process for EDG Grant Singapore

The application process for the EDG grant Singapore is straightforward and can be completed in three simple steps:

Step 1: Application Submission

The first step in the application process is to submit the application form, along with the required documents, to the relevant agency. Businesses can apply for the grant through the Business Grants Portal.

Step 2: Evaluation of the Application

After the application is submitted, the agency will evaluate the application and determine if the business is eligible for the grant. The evaluation process typically takes up to four weeks.

Step 3: Approval and Disbursement of Funds

Once the application is approved, the business will receive a Letter of Offer, which will outline the conditions and requirements for the grant. The funds will be disbursed to the business upon the completion of the project and the submission of the necessary documentation.

Key Information for Dynamic Web Development and EDG Grant Singapore

For businesses in the dynamic web development sector, there are a few key things to keep in mind when applying for the EDG grant:

  1. The grant can be used to develop a website, mobile app, or e-commerce platform.
  2. The project must be related to the development of a new capability or the enhancement of an existing one.
  3. The grant covers up to 80% of the qualifying project costs, and the business must bear the remaining costs.
  4. The maximum grant amount is SGD 200,000, and the project duration should not exceed 18 months.

Conclusion

The EDG grant Singapore is an excellent opportunity for businesses in the dynamic web development sector to enhance their capabilities and grow their businesses. By following the application process outlined in this article and keeping in mind the key information for dynamic web development, businesses can increase their chances of success and take advantage of this valuable grant.

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