Enterprise Development Grant

Up to 80% Enterprise Development Grant (EDG) funding for your Business Strategy, Branding, and Marketing projects

Supported by Enterprise Singapore

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Helping Businesses Transform With EDG Funding

VK Transformation (VKT) is a consulting and branding & digital marketing agency that strives to help Singapore-based SMEs and large enterprises with business transformation, strategic branding, and marketing and internationalisation or market expansion. Our Enterprise Development Grant (EDG) certified practising management consultant is a digital marketing, brand, and sales specialist with a proven track record of successful EDG projects.

The Enterprise Development Grant

The Enterprise Development Grant (EDG) supports qualifying project costs including consultancy fees, software equipment and internal manpower costs.

Qualifying requirements include:

• Be a business entity registered and operating in Singapore

• Have a minimum of 30% local shareholding

• Be in a financially viable position to start and complete the project

As announced at Budget 2021, the enhanced maximum support level of up to 80% will be extended to 31 March 2022. 

Why Choose VK Transformation for EDG?

VK Transformation aims to aid Singapore-based SMEs and large enterprises in Business Model Transformation with innovative Digital Marketing, Branding, and Performance Marketing solutions to accelerate growth and drive sales. Our Singapore Certified Management Consultants include business practitioners, strategists, and educators with practical experiences across the Asia Pacific region. The VK Transformation approach combines innovative digital marketing, branding, performance-driven market research, competitive intelligence, customer insights and design thinking (designing strategy, prototyping & testing) with up to 80% grant to help accelerate your business transformation in the new digital world. Our solutions include:

  • Strategic Brand and Marketing Development

  • Business Strategy Development with Business Model Transformation 

  • Achieve Service Excellence

  • Test Product/Solution Viability

  • Expanding Your Business into International Markets

  • Digital Marketing: Search Engine Optimisation (SEO), Search Engine Marketing (SEM), Social Media & Content Marketing

Frequently Asked Questions for EDG

Does VK Transformation have Enterprise Development Grant consultants?

Yes, VK Transformation has a highly experienced Practicing Management Consultant that is recognised by Enterprise Singapore. We have worked with clients on several EDG-aided Digital Branding, Marketing and Sales projects.

What kind of projects qualify under the Enterprise Development Grant?

Projects that fall under the 3 Pillars of the Enterprise Development Grant are eligible for funding: 1. Core Capabilities For building stronger business foundations in new areas of your business, this category might be best suited for you. Projects involving strategic brand and marketing development, new business development strategies, financial management, human capital development as well as service excellence. 2. Innovation and Productivity For scaling up your business model innovation initiatives, this category serves to aid projects with workflow automation, redesigned processes as well product development. The government grant for SMEs has the potential to provide financial support for companies that are increasing their levels of efficiency and exploring new avenues for growth. 3. Market Access Grant The enterprise development grant also encourages companies to expand their businesses overseas with reducing costs of mergers and acquisitions, pilot projects and test beddings as well as costs of adapting to international standards.

Can EDG support projects with both domestic and overseas activities?

The Enterprise Development Grant supports projects that are executed locally, as well as those that help companies to venture overseas.

Must I work with consultants who possess Enterprise Singapore-recognised certification for consultancy projects?

Yes, you are required to work with management consultants that possess Enterprise Singapore-recognised certification. This certification recognises management consultants who possess the right knowledge, competence and ethics to support businesses in their projects and growth strategies. Our key EDG consultant has been certified as a Practice Management Consultant and is eligible to guide your company through the EDG application process.

What is the timeline for completion of an EDG funded project?

Most projects undertaken by companies should be completed within 12 to 18 months upon successful grant application. You are advised to keep the project timeline to a reasonable duration, to ensure the outcomes remain relevant in a rapidly changing economic environment.