The Enterprise Development Grant (EDG) supports Singapore businesses in their growth and transformation efforts. To successfully apply for the EDG grant, it's essential to know the common eligibility criteria. This guide will help you understand what’s required for your EDG grant application.

Company Registration and Incorporation

• Singapore-based business: Your company must be registered and operating in Singapore.
• ACRA registration: Ensure your business is registered with the Accounting and Corporate Regulatory Authority (ACRA).

Financial Viability and Business Sustainability

• Minimum local shareholding: At least 30% of your company’s shares must be held by Singaporeans or Permanent Residents.
• Financial health: Your business should be in a sound financial position to undertake the project. This will be assessed during the EDG grant application process.

Project Scope and Impact

• Aligned with EDG pillars: Your project must fall under one of the three EDG pillars - Core Capabilities, Innovation and Productivity, or Market Access.
• Clear objectives: Outline the specific goals and expected outcomes of your project. Enterprise Singapore EDG aims to support projects that have significant potential for business growth.

Project Implementation and Management

• Qualified team: Ensure you have a competent team to execute the project. This includes internal staff and any external consultants you plan to hire.
• Detailed project plan: Submit a comprehensive project plan, including timelines, milestones, and a detailed budget.

Relevant Documentation

• Supporting documents: Provide necessary documents such as financial statements, business plans, and any other relevant information to support your EDG grant application.
• Quotes from vendors: Include detailed quotes from service providers or vendors you plan to work with for your project.

Working with a Professional Consultant

• Expert guidance: Consider working with a professional consultant like Growth Catalyst. They specialize in EDG grant applications and can help you navigate the process smoothly.
• Increased success rate: With expert assistance, you can enhance your chances of securing the EDG grant.

Preparing for the EDG Grant Application Process

• Early preparation: Start preparing your application early to ensure you have all the required documents and information.
• Thorough review: Carefully review your application to ensure all criteria are met before submission.

Common Mistakes to Avoid

• Incomplete applications: Make sure all sections of the application form are filled out completely and accurately.
• Insufficient detail: Provide detailed explanations and justifications for your project to strengthen your EDG grant application.

By understanding and meeting these common eligibility criteria, you can improve your chances of securing the EDG grant for your business. For expert assistance, consider partnering with Growth Catalyst to guide you through the EDG grant application process and ensure your business gets the support it needs to thrive.