EDG GRANT CONSULTING IN SINGAPORE
A Productivity Grant. The Enhanced EDG Grant, now subsidizes up to 90%.
Due to the difficulties that businesses face from COVID-19, there is now the enhanced EDG Grant for SMEs in Singapore that now subsidizes up to 90% of qualifying costs.
EXPERIENCED EDG GRANT CONSULTANT SINGAPORE
The EDG Grant is for SMEs in Singapore to Develop Technological Capabilities
SMEs can make use of the EDG Grant Funding to Digitalise, Grow and Transform their businesses with Technology. The EDG Grant is a technology grant that will subsidize your business efforts to utilize technology to:
- explore areas of growth
- increase revenue
- increase productivity
- enhance efficiency
A PRODUCTIVITY AND INNOVATION FUND
WHAT CAN I DO?
Need help with ideas? or need EDG Grant consultants in Singapore to help you with getting the EDG Grant? If you already have an idea in mind, share it with us and we will explain to you how we can help.
If you are not sure where to begin, chat with us today and we can help you to identify the potential gaps and opportunities in your business where technology can help. We can then help you with the EDG Grant application to develop the technology required.
HOW TO MAKE AN EDG GRANT CLAIM
The EDG Grant claim is on a Reimbursement basis. This means that you will need to pay for the project before you can submit for the EDG Grant claim. Your EDG Grant claim must also reach Enterprise Singapore no later than six months from the end of the project qualifying period. If you engage EDG Grant Consultants, we will help you every step of the way from grant preparation, submission, and claims.
EDG GRANT FUNDING ELIGIBILITY
You may find the details here for EDG Grant Eligibility:
- Check us out at our Main Corporate Website : https://www.ncodeconsultant.com/
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YOU MAY WANT TO KNOW
What people are asking about the EDG Grant
ARE YOU A CERTIFIED EDG GRANT CONSULTANT IN SINGAPORE?
We receive this question very frequently. Are you a certified EDG Consultant in Singapore?
Our answer is No, however, there is also no need to be certified in order to provide Grant Consulting in Singapore.
According to the EDG Grant policies for Certified Consultants:
Companies applying for EDG Grant support for consultancy-related costs must engage management consultants with Enterprise Singapore-recognised certification. Those who do not need to be certified are:
Members/ specialists in the consultancy team who are not providing management consultancy services, but are performing dedicated functions, such as market research, audit, fieldwork, design/ artwork, equipment installation, and drafting of legal agreements.
Consultants offering technical advice and expertise in the development of new technology, and solutions vendors.
Therefore, while it is true that some some services require a certified EDG Grant consultant in Singapore, the services that NCODE Consultant provides fall under the category that does not require EDG Consultants certification. This is because our scope of work is classified as technology and solution vendor, rather than Management Consultancy.
You can read more about the highlighted clause above here.
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CAN I CLAIM FIRST AND PAY LATER? WHAT ARE THE CONDITIONS FOR THE EDG GRANT CLAIM?
No. EDG Grant is a Reimbursement Grant. You will therefore have to complete the project first then make the EDG Grant claim. Completion of the project refers to completing all project deliverables that can be found in the Letter of Offer. For more details about EDG Grant Claims, you may refer to : https://www.enterprisesg.gov.sg/financial-assistance/grants/for-local-companies/enterprise-development-grant/apply/claims
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CAN I USE THE EDG GRANT TO BUY LAPTOPS?
No, the EDG Grant cannot be used to buy laptops. Cost of equipment and gadgets, such as copiers, laptops, tablets and mobile phones are not supported by the grant. For laptop grants, there are other possible grants, do contact us to find out more.
However, other forms of hardware that are deemed as essential to the Productivity project may be supported.
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CAN I USE THE EDG GRANT TO PAY FOR CLOUD DATA STORAGE?
Yes, but only if this cloud service is essential to and part of an overall productivity solution that you are applying the EDG Grant for. The cloud storage can then be considered for support based on the looking at the overall productivity project as a whole.
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CAN THE EDG GRANT BE USED FOR SOCIAL MEDIA ADVERTISING AND MARKETING?
No. Implementation of marketing or PR campaigns, including retainer fees of consultants, advertising and media buys, engagement of social media influencers, management of websites/ social media platforms, Search Engine Optimisation (SEO), and Search Engine Marketing (SEM), are not covered. However, other business development initiatives like ecommerce stores and developing virtual brands are supported.
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CAN THE EDG GRANT BE USED FOR PILOT PROJECTS AND PILOT TESTING?
Yes. To help your company develop innovative technology and products with the end goal of commercialization, the EDG Grant can help. https://www.enterprisesg.gov.sg/financial-assistance/grants/for-local-companies/enterprise-development-grant/innovation-and-productivity/product-development
However, it is important to note that the following projects will not be covered:
Development of first product
Projects with low levels of technology innovation in relation to industry norms
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CAN THE EDG GRANT BE USED FOR BUSINESS STRATEGY?
Yes. the EDG Grant can be used for Business Strategy Projects. https://www.enterprisesg.gov.sg/financial-assistance/grants/for-local-companies/enterprise-development-grant/core-capabilities/business-strategy-development
However, at NCODE, we only specialize in Technology related cases.
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CAN TELEPHONY EQUIPMENT BE COVERED UNDER THE EDG GRANT?
Telephony equipment alone will not be funded by the EDG Grant. However, if it is an overall Productivity and Innovation project that involves Telephony equipment, then the Telephony equipment may be considered as part of the overall EDG Grant allocated.
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CAN THE EDG GRANT BE USED TO COVER PATENTS?
No. Stand-alone IP registration costs are not covered by the grant. But other patent related consulting is covered. https://www.enterprisesg.gov.sg/financial-assistance/grants/for-local-companies/enterprise-development-grant/core-capabilities/business-strategy-development
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DOES THE EDG GRANT HAVE A GRANT CAP?
There is currently no mentioned grant cap. Projects are assessed individually on a case by case basis, and subsidies are up to 90% of qualifying costs.
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HOW CAN I GET BUSINESS GRANTS IN SINGAPORE?
There are many Grants for SMEs in Singapore.The EDG Grant is one such grant that you can try out. You can apply for it on your own at https://www.enterprisesg.gov.sg/financial-assistance/grants/for-local-companies/enterprise-development-grant/apply/pre-application
Companies like us provide Grant Consulting in Singapore, and we can help you with your EDG Grant preparation.
If you are looking for EDG Grant funding, do note that the enhanced EDG Grant subsidizing up to 90% will only last until 31 Dec 2020.
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I AM LOOKING FOR EDG GRANT CONSULTANT REVIEWS IN SINGAPORE. HOW WOULD I KNOW WHETHER EDG GRANT CONSULTANTS ARE GOOD OR NOT? CAN THE ENTERPRISE DEVELOPMENT GRANT CONSULTANT GUARANTEE RESULTS?
You may be wondering the above, and therefore try to find EDG Grant Consultant reviews in Singapore to try to find one that can guarantee you results. To be transparent, it would not be possible for an EDG Consultant in Singapore to guarantee you results. For example, to guarantee you that they will achieve 90% EDG funding for you. This is because, the Grant itself is administered by Enterprise Singapore, and the EDG Grant Consultant in Singapore will therefore not have any control over this process.
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I'M LOOKING FOR A COMPANY THAT PROVIDES EDG GRANT CONSULTING IN SINGAPORE WHO CAN ADVISE ME ABOUT ALL THE GRANTS AVAILABLE. CAN YOU HELP?
NCODE Consultant is a company that specializes in EDG Grant Consulting in Singapore. However, we can still do what we can to help you with other grants within our capabilities, so do feel free to chat with us and lets see how we can help.
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IS IT WORTH IT TO ENGAGE AN EDG CONSULTANTS IN SINGAPORE?
Lets do a simple calculation here. Usually, when companies apply for the EDG Grant on their own, they tend to get a subsidy rate of about 40% subsidy. At NCODE, our applications usually achieve an average of 80% subsidy. Lets imagine there is a project that costs $100,000. On their own, the SME would have received $40,000 in subsidies. With NCODE, the SME would have achieved $80,000 in subsidies. This makes the small fees payable to the EDG Grant Consultant in Singapore worth it.
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IS THE EDG GRANT UNDER ENTERPRISE SINGAPORE?
Yes, the EDG Grant is administered by Enterprise Singapore. If you are looking for EDG Grant funding, do note that the enhanced EDG Grant will only last until 31 Dec 2020.
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IS THE EDG GRANT AN IMDA GRANT? OR IS IT AN NTUC E2I GRANT?
No, the EDG Grant is administered by Enterprise Singapore. For e2i grants, you may visit https://e2i.com.sg/businesses/work-life-grant/.
If you are looking for EDG Grant Funding, do note that the enhanced enterprise development grant will only last until 31 Dec 2020.
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IS THE EDG GRANT A BRANDING GRANT? IS IT A GOVERNMENT GRANT FOR WEBSITE DEVELOPMENT OR BRAND DEVELOPMENT?
If you are looking for purely a website development grant in Singapore, then unfortunately, the EDG Grant is not for website development. EDG Grant is for Productivity and Innovation projects. However, if a website is required as part of this Productivity and Innovation Project, then it can be covered by the grant. For example, the development of Virtual Brands or E-Commerce stores.
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IS THERE AN ENTERPRISE SINGAPORE TRAINING GRANT?
No, the EDG Grant is not purely for training. However, if the Productivity and Innovation project that you embark on requires your employees to be trained in order to adopt the new technology, then training will be subsidized under the grant.
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IS THE EDG GRANT AN AUTOMATION GRANT?
The EDG Grant supports your company’s usage of automation and technology which can result in tangible benefits and significant growth. https://www.enterprisesg.gov.sg/financial-assistance/grants/for-local-companies/enterprise-development-grant/innovation-and-productivity/automation
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IS THE EDG GRANT THE SAME AS THE PRODUCTIVITY SOLUTIONS GRANT (PSG GRANT) BY ENTERPRISE SINGAPORE?
No. These are 2 different Grants. You can find out more about the Productivity Solutions Grant here. The PSG Grant is a Ministry of Trade and Industry Grant. (MTI Grant) https://www.enterprisesg.gov.sg/financial-assistance/grants/for-local-companies/productivity-solutions-grant
IS THE EDG GRANT THE SAME AS THE MRA GRANT?
No. The EDG Grant is not the same as the Market Readiness ASsistanace grant. https://www.enterprisesg.gov.sg/financial-assistance/grants/for-local-companies/market-readiness-assistance-grant.
However, both grants are administered by Enterprise Singapore.
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IS THE EDG GRANT A MARKET RESEARCH GRANT?
EDG Grant Consultancy covers market research. You may visit this page to find out more. https://www.enterprisesg.gov.sg/financial-assistance/grants/for-local-companies/enterprise-development-grant/core-capabilities/business-strategy-development
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IS THE EDG GRANT A GRANT FOR OVERSEAS BUSINESSES?
The EDG Grant can support your business if you are looking to expand overseas. https://www.enterprisesg.gov.sg/financial-assistance/grants/for-local-companies/enterprise-development-grant/market-access
At NCODE, we can support you when it comes to technology related developments.
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WHAT IS THE CAPABILITY DEVELOPMENT GRANT, ALSO KNOWN AS THE CDG GRANT?
The CDG Grant is the old name for the grant. The new name for the grant is the Enterprise Development Grant, also known as the EDG Grant.
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WHAT INDUSTRY MUST SMES BE FROM TO QUALIFY FOR THE EDG GRANT?
As long as your business qualifies as an SME, you will qualify for the EDG Grant. Whether you are an agricultural business, a church, hospitality business, construction, or retail business, all industry SMEs qualify.
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WHAT IS THE BENEFIT OF WORKING WITH A COMPANY THAT PROVIDES EDG GRANT CONSULTING IN SINGAPORE?
As an experienced company providing EDG Grant Consulting Company in Singapore, NCODE can value add to your project and in turn help you to achieve a higher EDG Grant claim % result. We can also be the EDG Grant solution Vendor to develop and implement the project for you too. Contact us today to find out more.
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WHERE CAN I FIND THE EDG GRANT PORTAL TO APPLY FOR THE GRANT?
You can apply for the EDG Grant at the Enterprise Singapore Grant Portal. It is called the Business Grants Portal (BGP Grant Portal). https://www.businessgrants.gov.sg/
The old CDG Grant Portal has been replaced by this new one.
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WHAT DOCUMENTS MUST I PREPARE FOR THE EDG GRANT CLAIM?
You can refer to this page for details on the documentation that you will need to make the EDG Grant Claim. https://www.enterprisesg.gov.sg/financial-assistance/grants/for-local-companies/enterprise-development-grant/apply/claims
As a company that provides Grant Consulting in Singapore, we will also help you with the preparation and submission of the grant proposal.
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WHERE DO I GO TO MAKE MY EDG GRANT CLAIMS?
You may log in to the Enterprise Singapore Grants Portal (ESGP) to make your EDG Grant Claim. https://grantportal.enterprisesg.gov.sg/spring/pages/login.aspx
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WHAT HAPPENS AFTER I SUBMIT THE EDG GRANT CLAIM? HOW LONG MUST I WAIT?
On average, the EDG Grant Claim process can take between two to three months because the Enterprise Singapore officers will have to perform their due diligence. You may refer to this page for more information. https://www.enterprisesg.gov.sg/financial-assistance/grants/for-local-companies/enterprise-development-grant/apply/claims
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WHAT IS THE ENHANCED EDG GRANT?
The Enhanced EDG Grant is actually the same as the EDG Grant. Originally, the EDG Grant subsidized up to 70% of qualifying costs. However, due to COVID-19, the Enhanced EDG Grant was introduced. It basically increases the subsidy of qualifying costs from 70% to up to 90%.
It is important to note that the Enhanced EDG Grant is only a temporary measure, expected to end on 31 De 2020.
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WHEN WOULD A CERTIFIED EDG CONSULTANT BE REQUIRED?
You will only need certified EDG Consultants if you are applying for the EDG Grant for Consultancy-related costs. To find a suitable EDG Consultant for your needs, you may visit https://www.enterprisesg.gov.sg/financial-assistance/grants/for-local-companies/enterprise-development-grant/apply/consultant-quality-initiative/overview
There you can find a list of eligible EDG Consultants, as well as a guide on how to select a suitable EDG Consultant.
The requirement for EDG Consultants is only applicable if you are looking to hire a Management Consultant. This is to assure everyone of the level of quality and professionalism in the EDG Consultants that are engaged.
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WHY SHOULD I ENGAGE AN EDG CONSULTANTS IN SINGAPORE?
An experienced EDG Grant Consultant in Singapore would have gone through the grant application process many times before and would be able to do 2 things for you:
(1) EDG Consultants in Singapore would know how best to prepare the grant application in order to achieve the best results. Most of the time, an EDG Grant Consultant in Singapore can get you more favourable results compared to if you were to do it yourself.
(2) EDG Consultants in Singapore would be able to share with you their past records for success. As an established company that provides Grant Consulting in Singapore, we often manage to achieve between 70-80% of subsidy out of the full 90%. Based on our experience, it is almost impossible to achieve a full 90% subsidy, because in every project there are always costs that do not qualify. We have seen many occasions where businesses try to submit applications on their own, and only achieve 30-40% subsidy as a result due to the lack of preparation.
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