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Enterprise Development Grant (EDG Grant)

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Things to Know About Enterprise Development Grant EDG Grant

EDG Grant Singapore

With technological advancements, we are more exposed to new dimensions of success. The adoption of innovative solutions can strengthen growth groundwork and enhance operations. 

Singapore Enterprise is helping businesses to transform to the next level. By providing different business grants, ES has obliged numerous cooperate in their transformational journey. They offer both financial and non-financial support. A government grant, Enterprise Development Grant (EDG Grant Singapore), helps businesses internationalize their presence. If you are new to the EDG grant, here is a complete guide for you to start your journey of success.

What is an Enterprise Development Grant (EDG Grant)?

Enterprise Development Grant (EDG Grant Singapore) provides support and strength to build internal capabilities to grow and innovate your venture overseas. It combines Global Company Partnership (GCP) and Capability Development Grant (CDG). Due to Covid Pandemic, the support percentage increased up to 80% to support business growth. This budget was announced in March 2020 and extended to 31st March 2022. 

Enterprise Development Grant Edg Grant Singapore

What Does the EDG Grant Support?

EDG grant provides three supportable areas mentioned as follows:

Core Capabilities

Core capabilities projects help develop and prepare the business for transformational growth. It optimizes and covers business strategies, financial management, human capital development, service excellence, and strategic brand & marketing development. 

Innovation and Productivity

Innovative and productivity projects focus on enhancing business efficiency, productivity performance, and utilization of technology for automation of processes. It offers projects like automation, process redesign, and product development.

Market Access

Once you are ready to internationalize your business, market access projects will defray some costs of overseas business expansion. It offers projects like mergers and acquisitions, pilot projects and test-bedding, and standards adoption. 

Enterprise Development Grant Singapore Edg Grant

Understanding PSG Grant vs. EDG Grant

Difference Between PSG Grant and EDG Grant

In the realm of Singapore’s business landscape, governmental support plays a pivotal role in nurturing growth and innovation. Two prominent grants, the Productivity Solutions Grant (PSG) and the Enterprise Development Grant (EDG), stand as pillars of support for enterprises, albeit with nuanced focuses and objectives.

PSG Grant: Enhancing Productivity Through Technology

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EDG Grant: Fostering Holistic Business Growth and Transformation

On the other hand, the Enterprise Development Grant (EDG) encompasses a broader spectrum, aiming to support enterprises in their holistic growth and transformation journey. Managed by Enterprise Singapore, EDG focuses on assisting businesses keen on developing capabilities, innovating, and internationalizing. It offers funding support for projects spanning core business areas such as upgrading processes, exploring new markets, and developing innovative products and services.

PSG Grant provides IT solutions/equipment/ consultation that you can choose from a list of pre-approved vendors/solutions. It helps in the adoption of various technological innovations to optimize business processes. EDG provides support to expand business across the borders. And you can choose any vendor for EDG that does not require any approval.

How Website Design Impacts User Experience

Eligibility Criteria For EDG

Edg Grant Singapore Enterprise Development Grant

Varied Focus Areas

Application and Eligibility

Complementary Support for Business Growth

Choosing Between PSG Grant and EDG Grant

Conclusion

Edg Grant Singapore

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