EDG GRANT CONSULTANT | ENTERPRISE DEVELOPMENT GRANT

We coach Business Owners Rethink, Reposition, and Rebuild Their Business Model with EDG

In today’s fast-paced market, staying ahead requires not just adaptation but proactive innovation. Our team specializes in helping you harness the power of the Enterprise Development Grant to transform your operations and strategies.

By partnering with us, you gain access to expert advice, a well-tested Scale UP methodology that has helped more than 80,000 companies globally, and a strategic roadmap tailored specifically to your business needs. Whether it’s refining your business strategies, aligning your teams, improving processes, integrating new technologies, or exploring new markets, our coaching makes your transition seamless and successful.

Why Leverage on the EDG grant to

Build Your Business Strategy Development

A strong business strategy allows your business to create strong relationships with promising prospects and generate more revenue.

With the help of the Enterprise Development Grant funding support, SME owners can look for business strategy development solutions to enhance their business core capability and competency.

It is a great opportunity for businesses looking for growth and transformation in terms of identifying their target market, building core competencies, strengthening execution, and enhancing cashflow.

Growth Catalyst's Certified Scaling UP Consultant

-Growth Catalyst is a Business Coaching & Consulting agency in Singapore established since 2012.

-Our Business consultants are certified Scaling UP coaches & Registered Management Consultants.

-Our methodology- Scaling Up framework focuses on the Four Decisions® every company must get right: People, Strategy, Execution, and Cash.

-More than 80,000 ﬁrms around the globe have used this methodology framework to scale their companies successfully.

-At Growth Catalyst, we are a team of strategist, innovators and problem solvers ready to support your business to pivot, transform & scale.

-Don’t wait for the end of quarter to find out why your business goals are not achieved. Convert your ambitious plans into measurable, achievable quarterly plans and execute on it consistently.

Connect with us today for a free Scaling UP business assessment and create the life you desire >>>

Our Business Strategy Development Roadmap

Our customised solution has a 3 months roadmap, with step-by-step guidance from our certified & registered management consultants.

Chapter 1

Align Management Team, Identify Gaps & Opportunities

Chapter 2

Clarify New Strategy

Chapter 3

Define Critical Actions

Chapter 4

Identify New Areas of Growth

Chapter 5

Drive Strategies into Results

Chapter 6

Digital Business Model Pivot

Chapter 7

Identify & Develop Talents

Chapter 8

Design Performance Management Framework & Practice

Chapter 9

Pay for Performance to Reinforce Desired Behaviors & Outcomes

Chapter 10

Cashflow Assessment

Chapter 11

Enhance Cashflow

Chapter 12

Review Action Done & Next Steps

The Results After

Our Customer Testimonials

What is EDG grant Singapore?

The Enterprise Development Grant (EDG) offers financial support for projects aimed at modernizing, expanding, innovating, and transforming your business. Submit individual project proposals along with details about your business strategies and projected outcomes to aid in the advancement of your company.

Eligibility Criteria for EDG Grant

A company that is registered and operating in Singapore.
The company possesses a minimum of 30% local equity, directly or indirectly held by Singaporean(s) and Singapore PR(s), based on ultimate individual ownership
The business has the necessary resources to initiate and complete the project. Financial metrics commonly used, such as the current ratio, will be assessed.
Sales turnover under S$100M and less than 200 employees

Project Categories for EDG Grant

The Enterprise Development Grant (EDG) supports Singaporean businesses in their expansion and transformation endeavours. This Enterprise SG Grant is structured into three categories, providing assistance for initiatives focused on international expansion, innovation, and business modernization:

Core Capabilities

Projects falling under the Core Capabilities category help businesses enhance their foundational aspects, going beyond basic operations such as accounting and sales, to prepare for growth and transformation.

Innovation and Productivity

Initiatives categorized under Innovation and Productivity aid businesses in exploring new avenues for expansion and enhancing productivity. This may involve reviews and redesigns of processes and workflows, as well as leveraging technology and automation to boost efficiency in repetitive tasks.

Market Access

Market Access projects support Singaporean businesses prepared for international expansion. The Enterprise Singapore EDG Grant can be utilized to partially offset costs associated with entering global markets.

FAQ of Enterprise Development Grant (EDG) Grant

Who can apply for EDG grant?

Companies keen to apply for the Enterprise Development Grant (EDG) should meet these criteria:

1.Be registered and operating in Singapore.

2.Have a minimum of 30% local shareholding.

3.Be in a financially viable position to start and complete the project.

How much grant support can I receive ? Is there a cap on the funding?

The Enterprise Development Grant (EDG) funds up to 50- 70% of qualifying costs for SMEs. Grant applications will be assessed on Group Revenue and Group Employment Size. Refer to the ESG’s page under specific project categories for any other eligibility conditions.

Who can I talk to if I require assistance with the EDG application?

You may contact us. As a certified management consultant, we will guide you on the Enterprise Development Grant (EDG) application process as well as to support you in identifying your company’s needs.

Who is Enterprise Singapore ?

International Enterprise Singapore and SPRING came together on 01 April 2018 as a single agency to form Enterprise Singapore . Enterprise Singapore (ESG) is the government agency championing enterprise development. ESG works with committed companies to build capabilities, innovate and internationalize. They also support the growth of Singapore as a hub for global trading and startups. As the national standards and accreditation body, they continue to build trust in Singapore’s products and services through quality and standards.

What is Scaling UP Coaching?

Scaling UP coaching refers to the implementation of the scaling UP framework and growth tools developed by Verne Harnish. As certified Scaling UP business coaches, we will guide you and your key leaders on the execution step by step, following the co-created roadmap.

Based on our previous experiences, it will take approximately 3 months for the implementation and another 3 months to follow through the project to see the intended business results.

What should I do to apply for EDG Grant ?

1.Choose us as your certified management consultants and we will implement a diagnostic for your business.

2.Once the diagnostic is done, a debrief with your team is schedule.

3.Next we will co-create a proposal to draft the project application outlining the scope of work.

4.Submit the Enterprise Development Grant (EDG) application form in the Business Grant Portal.

5.Click here to access the Business Grant Portal.

6.Wait for the results of the EDG application made available on the Business Grant Portal.

7.Once you’ve received the EDG confirmation, notify us and we will start working with you on the project.

Require guidance on the application process?

Click here to schedule a working discussion with us today.

NOTE: As certified management consultants, we cannot start working on the project before receiving the results of the EDG application.

What are the supportable items/ or activities under EDG Grant ?

The Enterprise Development Grant (EDG) supports projects under 3 pillars:

Core Capabilities – Projects under this pillar help businesses prepare for growth and transformation by strengthening their business foundations. Five areas supported include business strategy development, financial management, human capital development, service excellence, and strategic brand and marketing development.

Innovation and Productivity – Projects under this pillar support companies that explore new areas of growth, or look for ways to enhance efficiency. Three areas supported include automation, process redesign, and product development.

Market Access – Projects under this pillar support Singapore companies that are willing and ready to venture overseas. Three areas supported include Mergers and Acquisitions (M&A), pilot project and test bedding, and standards adoption.

What should I do if my project does not fall under the pillar of Innovation & Productivity ?

There are many pillars under the EDG grant. We will review your area of improvement and recommend the appropriate grant that you can submit your application.

Click here to schedule a working discussion with us today.

What documents do I need to prepare in order to apply for EDG grant ?

1.Latest ACRA or Bizfile records (Less than 6 months)

2.Latest audited financial statements (Less than 1 year)

3.Proof of Quotation for relevant project cost items

4.For projects where consultants are engaged, please provide the consultants’ proposal detailing the scope of work, man-day breakdown of the service, as well as the CVs and scanned copies of Enterprise Singapore-recognised certification(s) of individual consultants

5.EDG Project Proposal

Note: Do have your CorpPass ready in order to proceed with the application.

Is there a limited to the number of times I can apply for EDG Grant ?

No, there is no limit to the number of times you can apply for Enterprise Development Grant (EDG) however for each pillar, businesses can only apply once.

Why should I engage Growth Catalyst ?

We are a team of business practitioners who have helped many businesses pivot, turnaround and grow starting from our holding company – Adam Khoo Learning Technologies Group where we 12X our net profits within 4 years.

What is the scope of an Enterprise Development Grant (EDG) under Core Capabilities?

Initiatives categorized under the Core Capabilities pillar aid companies in preparing for expansion and transformation by reinforcing their fundamental strengths. These projects focus on strengthening key areas to ensure readiness for growth and change. The supported domains include financial management, service excellence, human capital development, company strategy development, and strategic brand and marketing development.

What are the qualifying criteria For EDG application?

For a company to be eligible for the EDG funding, it must:

Possess a Singaporean registration and conduct business there.
Hold at least 30% of the shares locally
Possess sufficient funds to begin and finish the project.

Who can apply for EDG?

Any Singapore-registered company aiming to innovate, expand, or venture into international markets can apply for the Enterprise Development Grant (EDG). This grant offers financial support to facilitate growth and transformation initiatives for eligible businesses.

How to apply for EDG?

Businesses can use the Business Grants Portal to apply for the Enterprise Development Grant in Singapore. To apply, you must have the company’s CorpPass.

You have to submit the necessary information for an EDG application:

Details about ACRA
Financial statements that have been audited
Pertinent evidence of a proposal or quotation
Scopes of management consulting
Certification of pertinent consultants

Why do I need to work with an Enterprise Singapore-recognised consultant? How do I benefit?

Enterprise Singapore-recognized EDG Grant Consultants hold certifications from organisations that were established expressly to assist companies in choosing management consultants for their business modernisation process.

What is the difference between Enterprise Development Grant (EDG) and Business Improvement Fund (BIF)?

While Enterprise Singapore’s Enterprise Development Grant (EDG) supports projects across all industries, the Singapore Tourist Board’s (STB) Business Improvement Fund (BIF) primarily promotes programmes that help tourist enterprises innovate or update their operations. BIF and EDG are perfectly matched.

3 Steps To Kickstart The Process

Step1- Apply For Complementary Diagnostic Tool

Using the tried and tested Scaling UP framework developed by Verne Harnish as the core. It covers 4 key pillars: People, Strategy, Execution, Cash & more. Key leaders within your team will be invited to participate in our 4 Decision Assessment to discover business gaps.

Step 2- Co-create a Roadmap

A debrief of the diagnostic will be conducted and coupled with your priorities, the business coach will co-create a roadmap towards your business goals.

Step 3- Submission of EDG Grant

Collectively, we will review if the business qualifies for the application of the EDG grant, provide the documents necessary for the submission. Once Enterprise Singapore issues the Letter of Offer, we will commence our journey.