COVID-19–protect your business, take it digital to transform and grow!
Singapore government lands a landmark resilience budget close to S$55 billion, or 11 percent of our GDP, to “support our people in this battle.” This allows the expansion of Enterprise Development Grant to fund up to 70-90% of the fees to defray the cost of qualified projects. For SMEs affected by COVID-19, funding for qualified projects can be up to 90% valid up to December 2020.
There’s no better time than NOW to leverage on generous government funding support to invest in developing
(1) Core Capabilities
(2) Innovation & Productivity
(3) Market Access
Rick and his team have been helping SME transform their businesses leveraging on Government Support through the EDG scheme, we have consultants on the certified EDG panel to support you in designing the programs and sizing the project costing, our team has helped many organizations successfully transform by leverage on EDG Grants.
Enterprise Development Grant
| CORE CAPABILITIES | INNOVATION & PRODUCTIVITY | MARKET ACCESS |
| Strategic Brand & Marketing Development | Automation | Mergers and Acquisitions |
| Human Capital Development | Process Redesign | Overseas Marketing Presence |
| Business Strategy Development | Product Development | Pilot Project and Test Bedding |
| Service Excellence | Standard Adoption | |
| Financial Management |
Successful case studies
A wholesaler consulted with DEXT, leveraging on EDG funds to build a new business online. Today, the business has grown and in times like COVID, they are ready to support online sales and distribution island wide. DEXT develop the business strategy, build the e-Commerce, marketing and social media outreach program and quickly empowered with digital.
A rapidly growing engineering company was looking for help to “Re-Imagine” a different future, DEXT took the company through a “Envisioning Workshop – The Art of the Possible” to help facilitate the leadership team to “Re-Imagine”, leveraged on the various tools, DEXT helped company frame the roadmap to success and meets leadership ambition to accelerate growth and empower transformation. Team subsequently embarked on a series of human capital development programs “Cutting Edge” – Sharpening Organization for Peak Performance and “People Edge” helping individuals and team discover their design/make and dynamic for the best “You” the best team performance
A logistics company looks to transform its brand, DEXT embarked on a journey to help “Re-Imagine”, shaped the Re-Branding Strategy and undertake from design to launch the “Re-Branding & Marketing Campaign”. Today, this company successfully got acquired by the world-wide international operation.
7-Easy Steps to Tap into Enterprise Development Grants (EDG)
| 1 | Engage our consultant |
| 2 | Embark on Business Discovery |
| 3 | Our consultant will develop a project proposal |
| 4 | Our consultant will submit a project for EDG grant (Our consultant is on the certified consultant panel – approved for EDG Grants Applications) |
| 5 | EDG evaluation |
| 6 | Project Approval Notification |
| 7 | Commence on Project |
EDG Supports
The grant funds qualifying project costs namely third party consultancy fees, software and equipment, and internal manpower cost.
As announced at Supplementary Budget 2020, the maximum support level will be raised to 80% from 1 April 2020 to 31 December 2020.
For enterprises that are most severely impacted by COVID-19, the maximum support level may be raised to 90% on a case-by-case basis.
To Qualify:
✅ 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
Applications will be assessed by Enterprise Singapore based on project scope, project outcomes and competency of the service provider.
