What is the Enterprise Development Grant (EDG)?

The EDG was created by Enterprise Singapore to financially support the efforts of SME striving to
improve their business capabilities. This is to enable SMEs to be more competitive and grow sustainability.

What the CDG provides:

The CDG covers up to 70% of qualifying project costs.

The qualifying project costs include: third party consultancy fees, software and equipment, and incremental internal manpower cost.

For smaller scale projects that require less grant support you can look forward to an easier application process!

Forms and documentation requirements are much more streamlined, we will guide you along the application process.

For larger scale projects, there is no maximum claim amount specified.

Today and into the future, companies that thrive are the ones that have strong business foundations and strategies, adopt technology and innovative processes, and grow their overseas presence.

The Enterprise Development Grant (EDG) helps Singapore companies grow and transform. This grant supports projects that help you upgrade your business, innovate or venture overseas, under three pillars:

 

  • Core Capabilities

Projects under Core Capabilities help businesses prepare for growth and transformation by strengthening their business foundations. These should go beyond basic functions such as sales and accounting.

 

  • Innovation and Productivity

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.

 

  • Market Access

Projects under Market Access support Singapore companies that are willing and ready to venture overseas. You may tap into the EDG to help defray some of the costs of expanding into overseas markets.

enterprise-development-grant-edg-diagram

HOW WE COME IN:

We specialise and excel in providing IT solutions in 2 Capability Development Areas:

Enhancing Business Processes for Productivity

Productivity is critical to a company’s success. When a company is productive, employees can provide better customer service, produce higher returns on the company’s investment, and help the business remain competitive.

With our IT solutions, we can help you optimise productivity.

What we can do:

  • Review existing business processes, identify areas for improvement, anddevelop a productivity measurement system to track and analyse companyproductivity levels
  • Adopt and implement IT solutions to automate existing operations andstreamline internal processes

Service Excellence

Customers want to be recognised, understood, and helped. Companies that provide excellent service to meet those needs will gain their customers’ trust and continued reliance.

At K&K, we can utilise IT solutions to help you meet and surpass the expectations of your customers to provide that excellent service.

How we can help:
  • Utilise IT solutions to gather customer insights (e.g. dataanalytics solutions)
  • Better understand customer needs and/or journey (e.g. customer journeymapping)
  • Conduct service gap analysis and benchmarking
We can help you seize this opportunity. Your application process does not have to be difficult:

Applications can be time-consuming and complicated. We understand.

At K&K, we are here save you from application troubles. With an in-house TÜV SÜD certified management consultant,we have the expertise to assist you in the preparation and submission of your CDG application.

What is a Management Consultant?

Management Consultants – defined by Enterprise Singapore – are individuals who help your enterprise solve issues, create value, and identify opportunities for productivity improvements and enhance business performance to achieve sustainable growth.

To claim from EDG consultancy costs, businesses will have to engage management consultants certified by Enterprise Singapore-recognisedcertification bodies. Our consultant is certified by TÜV SÜD, a certification body recognised by Enterprise Singapore.

What Does a Management Consultant Do?

Our Management Consultants’ duties include:

  • Analysing your SMEs’ business needs and strategies to recommend suitable IT solutions
  • Defining the project scope and objectives, involving all relevant stakeholders, and ensuring technical feasibility
  • Managing the project timeline to eliminate delays and ensure timely delivery
  • Measuring project performance and success against a set of industry benchmarks and a set of predefined indicators regarding to pre/post-implementation results
  • Ensuring comprehensive post-launch support
Find Out If Your Company Is Eligible:

Are you:

  • Registered and operating in Singapore?
  • Be in a financially viable position to start and complete the project

Do you have:

  • A minimum of 30% local shareholding?

If you fulfil the 3 conditions above, apply for EDG with us now!

Thereafter, Enterprise Singapore will assess the application based on your needs, the project scope, and competency of the service provider in improving your business capabilities.

How to Apply?

Simply call or drop us an email at:+65 6444 1493 or admin@knkit.com

OurTÜV SÜDcertified management consultant is ready to assist you in the preparation and submission of your EDG application.

What to Do After Application?

After submission, await news of the grant’s approval from Enterprise Singapore. Upon grant approval, you may embark on your business capability enhancement project. Thereafter, simply claim back your expenses from Enterprise Singapore.

WorkPro Job Redesign (Rider)

For EDG projects approved and completed between 1 July 2016 to 30 June 2019, if the EDG projects also lead to a positive impact on older workers, the employers may apply for WorkPro Job Redesign (Rider) upon the completion of the EDG projects. The WorkPro Job Redesign (Rider) can top-up grants of up to 80% of the qualifying project cost (nett of existing EDG obtained), or up to $20,000 per older worker who has benefited, whichever is lower.

contact us

With our expertise in Singapore Field Service Management software here at K&K, we are confident that our FSM system is the business solution that can best help your company improve beyond the limits of traditional software.

How to find us
Contact information

K&K IT pte ltd, 201100152G

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