Behold, the roadmap to
The Enterprise Development Grant could give your company’s brand and business capabilities a much-needed boost.
We’ve simplified the facts to get you started.
If you are a...
… this one’s for you! Read on, and feel free to
hit us up with your questions.
Transformation in 8 easy steps! Well, not that easy.
The government isn’t giving away free money here. The EDG may not be a get-rich scheme, but what it can do is help you to refresh and reform your business strategies to keep moving up and ahead. How exactly you do that is up to you. With that in mind, let’s get to step 1!
01 Are you eligible?
Are you eligible?
To qualify for the EDG, your company has to:
- Be registered and operating in Singapore
- Have a minimum of 30% local shareholding
- Be in a financially viable position to start and complete the project
- Make a commitment to improved worker outcomes. This includes wage increments, job creation/redesign, and staff training
If you’ve got that bit down, move on to the next step!
02 Scope out your project
Scope out your project
Here’s where it gets interesting. The EDG supports projects under 3 pillars. Not sure which one’s right for you? We know some people who can help with that! (Us. We mean us.)
-
Core Capabilities
Upgrade your business capability by strengthening your foundations
- Strategic Brand & Marketing Development
- Human Capital Development
- Business Strategy Development
- Financial Management
- Service Excellence
-
Innovation & Productivity
Explore new opportunities for growth, productivity and efficiency
-
Market Access
Expand into overseas markets to build your audience
03 Nail that proposal
Nail that proposal
Compile your project information into a snazzy proposal. Some things to include:
- Who you are, what you’ve done, and what you’re doing
- What you plan to do with the grant
- What results you’re looking for
- How you plan on achieving those results
- ...and whatever else you think will help convince the G to give you the funds
Or, you could ask us and we'll do it for you for a ridiculously reasonable price of some money. Call us, maybe? *whispers* Think.. about.. your.. R..O..I..
04 Pre-application Checklist
Pre-application Checklist
Along with your proposal, get these important documents ready. Leaving them out could delay the approval of your application.
- Latest ACRA (<6 months from application)
- Latest audited financial statement (<12 months from application)
- Proof of quotation for project item costs
- Consultants’ proposal with scope of work, man-day service rates, CVs and ESG-recognised certifications (if engaging management consultants)
-
Forecasted post-project figures:
- Company revenue
- Staff remuneration
- Depreciation (if any)
- Net operating profit before tax for 3 years post project (inclusive of year of project completion)
- Project’s beneficial impact on Singaporean/PR workers
05 Apply for your grant
Apply for your grant
Once you’ve got everything prepped and ready, it’s go time!
- Sign in to the Business Grants Portal with your CorpPass.
- Submit your application and wait 8-12 weeks. ESG may contact you via the Business Grants Portal for clarifications.
- Successful companies will receive a Letter of Offer (LOF) indicating the grant amount and conditions of support. Accept and acknowledge the LOF before the indicated deadline.
06
Get your grant
07
Complete your project
08
Claim your money!
For best results, enlist our expertise.
We’re The Universe Fantastic, a brand consultancy that’s worked with clients such as Facebook, AIA, Starbucks, and more. Our RMC-certified consultants can guide you through the full grant application process, from project planning to your proposal and execution.
CHECK US OUT
Services Eligible for Claim
*All grants are subject to approval by Enterprise Singapore.
Strategic Brand & Marketing Development
There are no perks to being a wallflower. You’ve gotta stand out to survive.
Strategic Brand & Marketing Development
There are no perks to being a wallflower. You’ve gotta stand out to survive.
Possible Scope of Work:
- Company diagnosis and gap analysis
- Assessment of internal/external factors, such as strengths and weaknesses or competitors
- Primary or secondary research
- Recommendations and plans for implementation
Strategic Brand & Marketing Development
There are no perks to being a wallflower. You’ve gotta stand out to survive.
Supported Areas:
- Brand strategy development to differentiate from competitors, maximise impact and appeal to target audience
- Assessment of brand’s financial value and identification of brand leverage points
- Optimisation of marketing resources and improving customer communications
Strategic Brand & Marketing Development
There are no perks to being a wallflower. You’ve gotta stand out to survive.
Not Supported:
- Production of corporate and/or marketing collaterals, such as brochures, videos, websites, photography, stock pictures, and copywriting
- Marketing/PR campaigns, consultant retainer fees, advertising and media buys, social media influencer engagement, social media and website management, Search Engine Optimisation (SEO), and Search Engine Marketing (SEM)
Human Capital Development
Supercharge your HR practices, because it’s your people that make or break your business.
Human Capital Development
Supercharge your HR practices, because it’s your people that make or break your business.
Possible Scope of Work:
- Company diagnosis and gap analysis
- Development of a strategic roadmap, business frameworks, policies or processes
- Recommendations and plans for implementation
Human Capital Development
Supercharge your HR practices, because it’s your people that make or break your business.
Supported Areas:
- Enhancing compensation & benefits
- Increasing employee engagement & communication
- Improving employee value propositions
- Increasing HR management efficiency
- Boosting international mobility
Human Capital Development
Supercharge your HR practices, because it’s your people that make or break your business.
Not Supported:
- Standalone training courses
- Employee incentives, benefits and welfare subsidies
Business Strategy Development
Bend the odds in your favour, because unprecedented problems call for unprecedented solutions.
Business Strategy Development
Bend the odds in your favour, because unprecedented problems call for unprecedented solutions.
Possible Scope of Work:
- Company diagnosis and gap analysis
- Assessment of internal/external factors, such as strengths and weaknesses or competitors
- Development of a strategic roadmap, business frameworks, policies or processes
- Recommendations and plans for implementation
Business Strategy Development
Bend the odds in your favour, because unprecedented problems call for unprecedented solutions.
Supported Areas:
- Growth strategies to capitalise on opportunities and enhance competitiveness
- Optimisation of business performance in accordance with new trade agreements and tariffs
- Improved strategies and processes to protect and monetise intellectual property assets, and optimise R&D operations
Business Strategy Development
Bend the odds in your favour, because unprecedented problems call for unprecedented solutions.
Not Supported:
- Standalone IP registration costs
Let's get started!
Tell us more about your company!
Email us at edg@theuniversefantastic.co