Why Small Businesses Should Automate and Digitize Their Business Processes?
Automation and digitization can help businesses in many ways, such as improving efficiency, reducing costs, and enhancing customer experience.
Businesses, especially SMEs tend to have issues due to lack of manpower and resources. By automating business processes, the management can actually streamline processes to improve efficiency and enhance customer satisfaction.
Business owners who are keen on technology adoption, but concerned about the costs can now tap on the EDG for government grant for digital transformation.
What Is Enterprise Development Grant (EDG) and How Does It Help Businesses?
Enterprise Development Grant or EDG is a grant that helps Singapore companies upgrade their businesses, explore new growth or expand overseas.
The grant supports up to 50% of qualifying project costs for local SMEs, and up to 30% of qualifying costs for non-SMEs.
What Are the Projects Covered Under EDG?
Core Capabilities
Innovation & Productivity
Market Access
Who Is Eligible For The Grant?
- Businesses that are registered and operating in Singapore.
- Businesses that have at least 30% local shareholding.
- Businesses that are financially ready to start and complete the project.
How To Apply for EDG?
Application for EDG has to be done on the Business Grants Portal using the Corppass account.
Some of the documents to prepare for the application include:
1. Project proposal
2. ACRA search information
3. Audited financial statements
4. Quotation of project cost
More information about the EDG application process and required documents can be found here.
How To Get Started?
First of all, identify the areas you would like to improve your business on.
If you are unsure what works for your business, contact us for a complimentary consultation. We will share relevant information and guide you along the way.