Leveraging the Enterprise Development Grant (EDG)
The EDG grant covers up to 70% of your project costs when you engage 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
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:
- 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 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.
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
Speak to our EDG grant consultants now
Together with our Singapore Certified Management Consultants, will help you optimise funding support for your automation project while ensuring maximum ROI.
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