FREQUENTLY ASKED QUESTIONS

+ What is CDG Grant?

Capability Development Grant (CDG) is a financial assistance program managed by Enterprise Singapore, formed through the merger of SPRING and IE Singapore. CDG Grant is designed to help Small and Medium Enterprise (SME) such as yourself, develop your company’s internal capabilities across 10 key business areas. Thanks to CDG, SMEs can get up to 80% funding for qualifying projects.

Please note that CDG has ended on 24 October 2018. It has been replaced by Enterprise Development Grant (EDG) . EDG was launched on 25 October 2018 to support companies in the upgrading of business capabilities, innovation and internationalization.

+ What is EDG Grant?

The Enterprise Development Grant (EDG) was launched on 25 October 2018. EDG is a single grant that supports companies in the upgrading of business capabilities, innovation and internationalization. EDG replaces the Capability Development Grant (CDG) and the Global Company Partnership (GCP) with effect from 24 October 2018. EDG will support Singapore companies of all sizes on their growth journey through capability development and/or internationalization under three new pillars:

  1. Core capabilities
  2. Innovation and Productivity (Our specialization)
  3. Market Access

Thanks to EDG, SMEs can get up to 80% funding for qualifying projects.

+ How different is EDG from CDG and GCP?

The Capability Development Grant (CDG) provided support for companies in the areas of capability development and the Global Company Partnership (GCP) Grant provided support to companies for internationalization. Enterprise Singapore streamlines both CDG and GCP consolidating it as a single grant. EDG supports projects under three new pillars : Core Capabilities, Innovation and Productivity, and Market Access.

+ Is there a change to the 10 key business areas that were previously used in CDG?

Yes. The 10 key business areas within the Capability Development Grant (CDG) were:

  1. Branding and marketing
  2. Business Excellence
  3. Business model transformation
  4. Standards adoption
  5. Financial management
  6. Human capital development
  7. Intellectual property
  8. Enhancing business processes for productivity (Our specialization)
  9. Service excellence
  10. Product Development

CDG has ended on 24 October 2018. It has been replaced by Enterprise Development Grant (EDG) which was launched on 25 October 2018. The three pillars of the EDG are:

  1. Core capabilities
  2. Innovation and Productivity (Our specialization)
  3. Market Access

Click here to find out more information on EDG’s three pillars.

+ How do I know if I’m eligible for CDG?

Please note that CDG has ended on 24 October 2018. It has been replaced by Enterprise Development Grant (EDG) which was launched on 25 October 2018. You can no longer apply for CDG. Please check EDG and its eligibility criteria.

+ How do I know if I’m eligible for EDG?

If your company:

  1. Is registered and operating in Singapore
  2. Has at least 30% local shareholding
  3. Is in a financially viable position to start and complete the project

Congratulations ! You’re eligible for the Enterprise Development Grant (EDG). All applications will be assessed by Enterprise Singapore who will take into consideration your needs, the project scope and the competency of the certified management consultants (Optimal Cost) to aid you in Process Redesign and Automation under Innovation & Productivity.

+ How much grant support can I receive for EDG and is there a cap to the funding?

Thanks to EDG, SMEs can get up to 80% funding for qualifying projects while non-SMEs can get up to 60% funding for qualifying projects.

+ Can I start working on a project before applying for EDG?

We can only begin working with you on or after the project commencement date stated in your Enterprise Development Grant (EDG) application, after it has been submitted to Enterprise Singapore. The actual grant awarded is subject to Enterprise Singapore’s approval.

+ How long does it take for me to know the results of my EDG application?

As a general guideline, Enterprise Singapore would give a feedback on the status of the Enterprise Development Grant (EDG) application within 8 to 10 weeks from submission. In certain cases where the application either lacks clarity, documentation or in the event Enterprise Singapore requires additional clarifications or documents, the process might take more time.

+ What are the supportable items / activities under EDG?

  1. Core capabilities

    a. Projects under this pillar help businesses prepare for growth and transformation by strengthening their business foundations.

    b. The five areas supported include business strategy development, financial management, human capital development, service excellence, and strategic brand and marketing development.

  2. Innovation and Productivity

    a. Projects under this pillar support companies that explore new areas of growth, or look for ways to enhance efficiency

    b. The three areas supported include automation, process redesign, and product development.

  3. Market Access

    a. Projects under this pillar support Singapore companies that are willing and ready to venture overseas.

    b. The four areas supported include Mergers and Acquisitions (M&A), Overseas Marketing Presence (OMP), pilot project and test bedding, and standards adoption.

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

Contact us and as a certified management consultant, we will be able to advise you on the Enterprise Development Grant (EDG) application process as well as guide you in identifying your company’s needs based on the project scope.

Click here to schedule a free consultation with us today.

+ What should I do to apply for EDG Grant?

  1. Choose us as your certified management consultants and we will conduct a preliminary audit for you.
  2. Once the preliminary audit is done by us, we will work with you to draft the project application and proposal outlining the scope of work.
  3. Submit the Enterprise Development Grant (EDG) application form in the Business Grant Portal.
  4. Click here to access the Business Grant Portal.
  5. Wait for the results of the EDG application made available on the Business Grant Portal.
  6. 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 free consultation with us today.

NOTE: As certified management consultants, we can start working on the project before receiving the results of the EDG application.

Contact us to know more