If you’re a business owner in Singapore looking to scale, innovate, or go global, the Enterprise Development Grant (EDG) can be a game-changer. But before jumping into the EDG grant application, it's crucial to understand the EDG grant eligibility criteria that could determine whether you qualify.

Let me walk you through the top 5 things you need to know before applying.

1. Your Business Must Be Registered and Operating in Singapore

To be eligible, your business must:

• Be a locally registered and active company in Singapore

• Have at least 30% local shareholding

• Be financially ready to start and complete the project

These requirements ensure that the grant supports homegrown enterprises with a stake in Singapore's growth.

2. Your Project Must Fall Under One of EDG’s Three Pillars

EDG supports projects under these three categories:

1. Core Capabilities – Strengthen your business foundations (e.g., branding, strategy, HR).

2. Innovation and Productivity – Improve efficiency or explore automation.

3. Market Access – Expand into overseas markets.

If your project doesn’t align with any of these areas, you might want to revisit your goals before proceeding with the EDG grant application.

3. You Need a Project Consultant (If Applicable)

For certain projects, especially those involving strategic development or process improvement, hiring a qualified consultant is essential. Here’s what to consider:

• The consultant must be independent and not related to your business.

• Their credentials and track record will be reviewed.

• A signed quotation and proposal must be submitted.

This step ensures that the proposed project is guided by credible expertise.

4. You Must Submit a Detailed Project Proposal

Your proposal should clearly outline:

• Project objectives and deliverables

• Milestones and timelines

• Budget breakdown and justification

The more detailed and realistic your plan, the better your chances. Including KPIs shows you're serious about outcomes, which is key to edg grant eligibility.

5. Your Business Should Be in Good Financial Standing

EDG doesn't support businesses in financial trouble. You must demonstrate the ability to:

• Fund the project's upfront costs (as the grant is disbursed after project completion)

• Stay financially stable throughout the project duration

Having solid financials gives your application credibility and reduces the perceived risk.

Conclusion

Understanding EDG grant eligibility before applying can save you time and increase your chances of approval. From being locally registered to having a well-prepared proposal, these requirements are not just checkboxes—they’re a foundation for a successful EDG grant application.

If you’re ready to take your business to the next level, make sure you meet the criteria and plan your submission carefully.

FAQs About EDG Grant Eligibility

1. Can startups apply for the EDG grant in Singapore?

Yes, as long as the startup is registered in Singapore, has at least 30% local shareholding, and is financially viable.

2. What percentage of project costs does the EDG grant cover?

EDG can fund up to 50% of qualified costs, depending on the nature and scale of your project.

3. How long does the EDG grant application process take?

It typically takes about 8 to 12 weeks from submission to get an outcome, assuming your documents are complete.

4. Can I hire a consultant from overseas?

Yes, but the consultant should have relevant expertise, and your proposal must justify why a local consultant isn't suitable.

5. What happens if I don't meet the financial requirements?

Your application may be rejected. It’s crucial to ensure your business can fund the project upfront and remain stable.