What is the segment-wise allocation of subsidy? Enterprise Development Grant (EDG)

What is the segment-wise allocation of subsidy? Enterprise Development Grant (EDG)

What is the segment-wise allocation of subsidy? Enterprise Development Grant (EDG) image

The Enterprise Development Grant (EDG) is a financial assistance program provided by Enterprise Singapore, a government agency that supports the growth of Singaporean enterprises. The EDG is designed to help Singaporean companies build capabilities, innovate and internationalize.

The EDG subsidy is divided into three main segments, as follows:

Core Capabilities: This segment aims to help companies build their business foundations and capabilities in areas such as financial management, human resource development, and service excellence. The EDG subsidy covers up to 70% of qualifying project costs.

Innovation and Productivity: This segment aims to encourage companies to develop new products, services, and processes that can improve their productivity and competitiveness. The EDG subsidy covers up to 70% of qualifying project costs.

Market Access: This segment aims to help companies expand their business overseas by providing support for market entry, business matching, and international certification. The EDG subsidy covers up to 70% of qualifying project costs.

Overall, the EDG subsidy is intended to help Singaporean companies develop their capabilities and grow their business, whether they are looking to improve their core business functions, innovate, or expand internationally.


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