Home Enterprise Development Grant (EDG) Singapore
Enterprise Development Grant (EDG) Singapore
Enterprise Development Grant for Singapore businesses
To thrive now and in the future, companies have to build strong business foundations and strategies, look into innovation and adoption of technology, streamline processes as well as expand their presence overseas.
The Enterprise Development Grant (EDG) is a programme by Enterprise Singapore that assists local companies to grow and transform. EDG Grant Singapore supports projects that help businesses to upgrade, innovate or venture overseas.
Under the Enterprise Development Grant, there are 3 pillars of focus:
1. Core Capabilities (Strengthen business foundations and capabilities to grow & transform)
2. Innovation and Productivity (Enhance efficiency via new methods or explore new areas of growth)
3. Market Access (Expand into overseas markets)
Our service, Business Strategy Development (BSD), is parked under the Core Capabilities pillar of the Enterprise Development Grant for Singapore businesses.
The objective of our BSD programme is guided by our 3S model – Survivability, Sustainability, Scalability.
Survivability: Transform your business model to Survive
Sustainability: Strengthen your organisation’s competitiveness to Sustain business growth
Scalability: Innovate your products and services to Scale up
In order to reach your business goals, we look at 6 key elements that are fundamental to every organisation.
1. Leadership & Culture
Organisation’s Goals, Mission, Vision & Values
Organisational Culture
Resilience & Succession Planning
3. People
Human Resource Planning
Employee Well-Being, Development & Recognition
Employee Recruitment & Retention
5. Strategy
Strengths, Weaknesses, Opportunities & Threats (SWOT)
Market Analysis, Trends & Forecast
Competitor Benchmarking
Short & Long Term Plans
Resource Allocation
Performance Monitoring, Evaluation & Improvements
2. Customers
Target Market
Meeting Needs & Requirements
Overall Satisfaction & Experience
4. Process
Innovation Capabilities
Streamlining Workflows
Supplier & Partner Management
6. Knowledge & Decisions
Data & Resource Management
Information Security
Precise Analytics
1. Leadership & Culture
Organisation’s Goals, Mission, Vision & Values
Organisational Culture
Resilience & Succession Planning
2. Customers
Target Market
Meeting Needs & Requirements
Overall Satisfaction & Experience
3. People
Human Resource Planning
Employee Well-Being, Development & Recognition
Employee Recruitment & Retention
4. Process
Innovation Capabilities
Streamlining Workflows
Supplier & Partner Management
5. Strategy
Strengths, Weaknesses, Opportunities & Threats (SWOT)
Market Analysis, Trends & Forecast
Competitor Benchmarking
Short & Long Term Plans
Resource Allocation
Performance Monitoring, Evaluation & Improvements
6. Knowledge & Decisions
Data & Resource Management
Information Security
Precise Analytics
We employ a 4-step methodology to attain your organisation’s objective in a systematic manner.
To start off, we dive into the 6 aspects of your company to examine the current state. From there, we perform external market research and do up a detailed analysis before proposing business strategies to boost performance. After that, we will help with the implementation and fine-tuning of these strategic plans as well.
You can be assured that your company is in good hands as all our management consultants who handle the BSD projects are Singapore Certified Management Consultants (SCMC) certified by TÜV SÜD and Registered Management Consultants (RMC) recognised by Enterprise Singapore (ESG). They possess a wealth of experience across many industries and have helped over 1000 SMEs in Singapore.
On top of that, we have Darshan, who was a Principal Assessor in the Business & Service Excellence Division of Enterprise Singapore, as an Independent Advisor to our Board.
Through EDG support, your company is able to embark on a growth and transformation journey at only 50%* of the cost. This means, for every $1 that our service costs, the government will subsidise up to $0.50 through the Enterprise Development Grant.
Whether your business is struggling, staying afloat or facing a stagnant performance, we’re able to help. Tap on this funding from EDG to take the leap and bring your business to greater heights with us now.
Get EDG support & enjoy up to 50% funding from Enterprise Development Grant when you engage our service for Business Strategy Development.
When was the last time you did a full health diagnosis for your company? You will be surprised to know that we uncovered large amounts of unnecessary wastage and hidden potential during our consultations with other companies.
Do you know your company’s positioning against competitors?
What are the current and future market trends in your industry?
Have you derived a roadmap for your company?
How are organisational objectives broken down into bite-sized action plans for the respective departments?
A vision without action is merely a dream. We have seen many good initiatives that were not rolled out or abandoned halfway, which cost valuable time and potential revenue for the company. We know how important it is to have an effective and practical implementation of business plans.
FAQs
Our consulting firm specialises in identifying growth opportunities, streamlining operations, and enhancing strategic decision-making. We work closely with your team to develop actionable strategies that can drive revenue growth, increase profitability, and ultimately, help your business thrive in a competitive market.
What makes us unique is our deep industry expertise, a dedicated team of seasoned consultants, and a track record of delivering tangible results. We pride ourselves on staying at the forefront of industry trends and technologies, allowing us to provide innovative solutions that give your business a competitive edge. The game changer is really the dedicated assistance on the implementation process over the next 2 years upon project completion.
Our consulting services are results-driven. Depending on your specific needs, you can expect to see improvements in areas such as revenue growth, cost reduction, operational efficiency, market expansion, and customer satisfaction. We work with you to set clear and measurable objectives to track our progress and ensure you achieve your desired outcomes. The results are summarised on the results segment on our website.
We understand that every business is unique. Our consulting approach begins with a comprehensive assessment of your business and focuses on what is essential based on your company's current status.
For example:
a. Growth stage - We help to scale your business efficiently, optimise operations, expand into new markets, and maintain the momentum of growth.
b. Mature stage - We assist mature businesses to stay competitive by refining processes, exploring diversification, and adapting to changing market dynamics.
c. Decline stage - We address declining revenue, loss of market share, cost inefficiencies, and declining customer satisfaction. We work to stabilise and reverse these trends.
Timelines vary depending on the complexity and scope of the project. Typically, the project will last for 6 months. However, we prioritise efficiency without compromising the quality of our work. During our initial consultation, we'll provide a detailed project timeline that outlines key milestones and expected completion dates, so that you have a clear understanding of the process.
Our fee structures are designed to be transparent and fair. We offer various pricing options, including project-based fees, performance-based fees and retainer arrangements, tailored to your preferences. We firmly believe that the value we bring to your business should significantly outweigh the investment. Our track record of delivering substantial ROI for our clients reflects this commitment.
Absolutely. We have a portfolio of case studies and success stories from clients across various industries. These real-world examples showcase how our consulting solutions have transformed businesses, improved their competitiveness, and driven exceptional results. We'd be happy to share these stories to illustrate the impact of our services. Over 30 case studies of our clients from different industries are published on our corporate website.
Initiating a partnership with our consulting firm is straightforward. Begin by contacting us for an initial consultation through a 30-minute online discovery session. During this meeting, we'll discuss your specific needs, goals, and challenges. Following that, we'll provide you with a tailored proposal outlining our recommended approach and the steps we'll take to start making a positive impact on your business. Your journey to business improvement begins with this first conversation.
You can apply for EDG if your company:
• Is registered and operating in Singapore
• Has a minimum of 30% local shareholding
• Is in a financially viable position to start and complete the project
All our consultants have a wealth of experience and achieved Singapore Certified Management Consultant certification that is recognised by Enterprise Singapore. Apart from the dedicated consultant tagged to your project, you will have the support of our whole consulting team.
It takes approximately 6 to 8 weeks.
There is no guarantee as there are various factors involved. We will help you to perform an evaluation and write a proposal for the grant application. Based on our experience, almost 100% of our clients had their grant applications approved.
No fees will be charged if the grant application is not approved. The Business Proposal will be passed to you as a gesture of goodwill.
Yes, we will be assisting you every step of the way, from the grant application to the completion of project and submission for reimbursement.
Majority of local SMEs will receive up to 50% funding through EDG.
The project will require approximately 4 – 6 months for completion.
You can apply for EDG if your company:
• Is registered and operating in Singapore
• Has a minimum of 30% local shareholding
• Is in a financially viable position to start and complete the project
All our consultants have a wealth of experience and achieved Singapore Certified Management Consultant certification that is recognised by Enterprise Singapore. Apart from the dedicated consultant tagged to your project, you will have the support of our whole consulting team.
It takes approximately 6 to 8 weeks.
There is no guarantee as there are various factors involved. We will help you to perform an evaluation and write a proposal for the grant application. Based on our experience, almost 100% of our clients had their grant applications approved.
No fees will be charged if the grant application is not approved. The Business Proposal will be passed to you as a gesture of goodwill.
Yes, we will be assisting you every step of the way, from the grant application to the completion of project and submission for reimbursement.
Majority of local SMEs will receive up to 70% funding through EDG. For more information, please click here.
The project will require approximately 4 – 6 months for completion.