What is EDG grant in Singapore?

Economic Development Board (EDB) in Singapore offers various grants and incentives to support businesses in their growth and innovation efforts. However, there isn’t a specific grant known as the “EDG grant.” It’s possible that the term “EDG grant” could refer to the Enterprise Development Grant (EDG), which is one of the grants provided by EDB.

The Enterprise Development Grant (EDG) supports companies in their business transformation and innovation efforts. It covers three key areas:

1. Core Capabilities: Support to strengthen companies’ business foundations, such as in areas of strategic planning, management, financial management, and adopting standards and certifications.
2. Innovation and Productivity: Assistance to help businesses develop new products and services or enhance processes through technology and innovation.
3. Market Access: Aid to help companies expand their market presence locally and internationally.

Companies can use the grant to offset qualifying project costs such as consultancy, training, certification, and equipment costs. The grant typically co-funds up to 70% of these costs. However, specific details and eligibility criteria can vary, so it’s advisable for businesses to check with the EDB or relevant government agencies for the latest information and application procedures.