FAQ

For companies looking for more support, they undertake deeper transformation in business upgrading, innovation, and internationalization.

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

• 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

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

The Enterprise Development Grant (EDG) supports projects under three 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 willing and ready to venture overseas. Three areas supported include Mergers and Acquisitions (M&A), pilot project and test-bedding, and standards adoption.

This is for companies looking to kick-start their adoption of technology with pre-qualified IT solutions and equipment that enhances productivity

• To support firms looking to achieve productivity gains through a wide range of pre-scoped solutions, including IT solutions, equipment, and consultancy services (e.g. job redesign)

• Enhanced PSG support level of up to 80% to be extended from 30 September 2021 to 31 March 2022

SMEs can apply for PSG if they meet the following criteria:

• Registered and operating in Singapore

• Purchase/lease/subscription of the IT solutions or equipment must be used in Singapore

• Have a minimum of 30% local shareholding; with Company's Group annual sales turnover less than S$100 million, OR less than 200 employees (for selected solutions only)

For companies looking to take their business overseas, the MRA includes:

• Support for overseas market set-up.

• Identification of overseas business partners.

• Overseas market promotion.

Companies should meet the following criteria:

• Business entity is registered/incorporated in Singapore

• New market entry criteria, i.e. target overseas country whereby the applicant has not exceeded S$100,000 in overseas sales in each of the last three preceding years

• At least 30% local shareholding

• Group Annual Sales Turnover of not more than S$100 million; OR Company's Group Employment Size of not more than 200 employees

Eligible SMEs will receive the following support:

• Up to 70% of eligible costs, capped at S$100,000 per company per new market* from 1 April 2020 to 31 March 2023 that covers:

• Overseas market promotion (capped at S$20,000)

• Overseas business development (capped at S$50,000)

• Overseas market set-up (capped at S$30,000)

• Each application is limited to one activity in a single overseas market (e.g. market entry, or participation in a trade fair)

For companies looking to embark on enterprise transformation and develop capabilities of employees.

In each of the qualifying periods, eligible employers who meet the following conditions will be notified in writing:

• Have contributed at least S$750 Skills Development Levy over the period.

• Have employed at least three Singapore Citizens (SCs) or Permanent Residents (PRs) every month over the same period

• Have not been qualified at any of the earlier periods.

Eligible employers will receive a one-off S$10,000 credit to cover up to 90% of out-of-pocket expenses on qualifying costs for supportable initiatives, over and above the support levels of existing schemes.