Enterprise Development Grant (EDG)

What is EDG?

EDG supports projects that helps you upgrade your business innovate or venture overseas. Projects under Innovation and Productivity support companies that explore new areas of growth or look for ways to enhance efficiency. These could include reviewing and redesigning workflow and processes. Companies could also tap into automation and technologies to make routine tasks more efficient.

Who can apply?

  • A business entity 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 service provider.

Eligible employers who fulfil the following criteria can also qualify for additional subsidies under the SkillsFuture Enterprise Credits (SFEC) scheme:

  • Have contributed at least S$750 Skills Development Levy over the qualifying period
  • Have employed at least three Singapore Citizens (SCs) or Permanent Residents (PRs) every month over the same period
  • Have not been qualified for SFEC at any of the earlier periods 

How to apply?

Simply follow these 3 steps, or contact us for more enquiries. We also have a list of FAQS that you may wish to check out for further clarity!

STEP 1:

Identify suitable providers & key project category

STEP 2:

Prepare project proposal $ documents

STEP 3:

Submit to business grant portal

STARTUP SG Founder

What is STARTUP SG Founder?

1. The Startup SG Founder “Train” track (a new track),

Enterprise Singapore has appointed Venture Builder and Accredited Mentor Partners ('VB-AMPs') with strong track records of venture building to provide 3-month Venture Building (VB) programmes to Singaporeans.

The programme will provide support for sourcing innovation, commercialising these ideas into scalable businesses, getting product/solution validation from customers and finding capital.

2.The Startup SG Founder “Start” track (enhanced from the existing SSGF scheme).

Teams of entrepreneurs with innovative business ideas can approach any Enterprise Singapore-appointed Accredited Mentor Partners (AMP) with their innovative business ideas.

They will then identify and recommend qualifying applicants for funding support based on the uniqueness of business concept, feasibility of business model, strength of management team, and potential market value.

Upon successful application, the AMP will assist the startups with advice, learning programs and networking contacts. Enterprise Singapore will also provide the startups with a startup capital grant of $50,000. Startups are required to raise and commit S$10,000 as co-matching fund to the grant.

Who can apply?

The Startup SG Founder “Train” track 

To be eligible for this track, applicants must fulfil the following criteria:

  1. Singaporean Citizen or Permanent Resident;
  2. Commit to 100% attendance for the Venture Building Programme;
  3. Commit to running a startup full-time after the programme.

They will also need to pass the screening criteria, which is not limited to: aptitude, expertise, background and related experience. For a comprehensive understanding, please refer to this link:

https://ssn-core-prod-files.s3.ap-southeast-1.amazonaws.com/2021-02/SSGF%20Website%20-%20Eligibility%20for%20Startup%20SG%20Founder%20-%20Train%20Track%20-%2022%20Feb%202021.pdf

The Startup SG Founder “Start” track

The grant is open to all Singaporeans/Permanent Residents who meet the following conditions at the time of application and throughout the grant period:

  1. The team has at least 3 SC/PRs, who are the main applicants of the grant;
  2. At least 2 of the 3 main applicants are first-time founders;
  3. The main applicants who are first-time founders must hold a minimum of 30% equity* in the company collectively;
  4. The main applicants must register/have registered a private limited company in Singapore upon approval;
  5. The company must have a minimum 51% SC/PR shareholdings;
  6. The company must not be more than 6 months of incorporation at the point of application to the AMP;
  7. The business activities run by the company should be conducted wholly or mainly in Singapore.
  8. The main applicants must register/have registered a private limited company in Singapore upon approval;
  9. The 3 main applicants must contribute meaningfully to the company, and not be engaged in any form of external employment**;
  10. At least 2 of the 3 main applicants should be committed full time to the company, and must be key decision makers of the company;
  11. The main applicant(s) must not have received any funding for the proposed business idea from another government organization;
  12. The proposed business idea must not be in the following list: cafes, restaurants, night clubs, lounges, bars, foot reflexology, massage parlours, gambling, prostitution, social escort services, employment agencies (including recruiting foreign work permit holders and workers/support staff, relocation services, and manpower services), and geomancy.

How to apply?

The Startup SG Founder “Train” track 

Singaporeans interested in applying to join one of these Venture Building programmes can sign up through the respective VB-AMPs' website listed below.

https://www.startupsg.gov.sg/programmes/4894/startup-sg-founder/venture-builder-amps-vb-amps

The Startup SG Founder “Start” track

Application form

https://www.startupsg.gov.sg/programmes/4894/startup-sg-founder/venture-builder-amps-vb-amps 

Submit your pitch deck to an AMP

https://www.startupsg.gov.sg/programmes/4894/startup-sg-founder/accredited-mentor-partners

Application for ESG if received a Letter of Recommendation from an AMP

https://form.gov.sg/#!/5f5ad6e72d5a780011fc3524

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