Receive up to 50% EDG program support for your ERP in Singapore!
The Singaporean government subsidizes digital transformation projects for SMEs registered and operating in Singapore.
What is Enterprise Development Grant?
The Enterprise Development Grant (EDG) is a program initiated by Enterprise Singapore to financially support businesses in growing, innovating, and transforming in new markets with technology. This grant aims to cover up to 70% of the consultation fees, software & internal manpower costs for projects that contribute to the development of one of the 3 pillars:
Core Capabilities
Projects belonging under core capabilities are intended to improve company growth & transformation by strengthening the business foundations.
Innovation & Productivity
Projects in the innovation & productivity category shall help with the automation of operations & the streamlining of business processes.
Market Access
Projects belonging under market access should aid Singaporean companies with overseas business expansions.
Which businesses can apply for the EDG program?
Registered & operating in Singapore
Only business entities that are locally registered and operating in Singapore are eligible for the EDG program
Minimum 30% local shareholding
Only businesses with at least 30% of local shares held directly or indirectly by Singaporean(s) and/or Singapore PR(s) are eligible to apply for the program.
Financially ready to start & complete the project
The applying companies must be financially ready to fund the entire project independently.
Are you applying EDG for your Odoo ERP implementation project?
We have had a 100% success rate on all eligible applications. We are here to help your Odoo journey in Singapore!
Transform your business with Odoo and get financed with EDG!
A single IT system you need
If you're looking for an all-in-one solution to manage your business operations, look no further than Odoo. Odoo can help you streamline sales, purchase, inventory management, accounting, CRM, human resources, and more. Let Odoo simplify and streamline your workflow today.
Workflow automation
The power of an ERP like Odoo is automating repetitive tasks and manual work for your employees. Eliminate errors of manual data entry, and free up your resources to focus on growing your business.
Data centralization and accessibility
An Odoo ERP system integrates all operational and transactional data in one place and shares it with relevant departments. The centralized system provides real-time data to analyze, generate reports, and make informed decisions. With Odoo, you can access your data anytime and from anywhere.
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Frequently Asked Questions (FAQ)
Definitely!
The Enterprise Development Grant in Singapore is available to all Singaporean companies that want to improve their internal processes, digitization & automation to kickstart further growth. Specifically, ERP implementations belong under core capabilities and innovation & productivity.
A good ERP system, such as Odoo, can help you to achieve that!
The EDG funds up to 50% of qualifying costs for local SMEs. It also funds up to 70% of sustainability-related projects from 1 April 2023 to 31 March 2026 for businesses of any size.
Grant applications will be assessed individually based on revenue & number of employees. We have supported 100% of businesses in applying for EDG and successfully getting funding with varying grant quantums, and the average value is 50-60%. One notable exception received up to 80% before the latest cap.
The EDG aims to unleash the growth of Singaporean companies, which can be achieved in many different ways. The acceptable project costs can be various:
- third-party consultations & implementation fees
- software license fees
- software & equipment
- internal incremental manpower