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GOVERNMENT DEVELOPMENT ASSISTANCE PROGRAMMES 27
PROGRAMMES
DESCRIPTION
ADMIN AGENCY
Eligibility
SMEs can apply for PSG if they meet the following criteria:
• Registered and operating in Singapore
• Purchase/lease/subscription of the IT solutions or equipment must be used in
Singapore
• Have a minimum of 30% local shareholding (for selected solutions only)
11. Enterprise Development Grant (EDG)
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.
The grant funds up to 70% of qualifying project costs namely third party consultancy fees, software and equipment, and internal manpower cost.
Eligibility:
To qualify for the EDG, you need to:
• Be registered and operating in Singapore
• Have a minimum of 30% local shareholding
• Be in a financially viable position to start and complete the project
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12. Technology Adoption Programme (TAP)
The Technology Adoption Programme (TAP) supports collaboration amongst public sector research institutes, private sector technology providers, Institutes of Higher Learning, Trade Associations and Chambers (TACs) and private sector system integrators who are interested in identifying and translating new technologies into Ready-to-Go (RTG) solutions. These RTG solutions aim to address productivity challenges and give SMEs a competitive advantage. The TAP will support sectors identified for the Industry Transformation Maps (ITMs) to formulate and execute technology adoption roadmaps.
TACs are well-placed to identify the technology needs of their members and sectors as they are familiar with the respective productivity challenges and needs. TACs can identify sectoral challenges and aggregate common technology needs
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