SME GRANTS

The EDG defrays project costs that help businesses to upgrade, innovate or venture overseas under 3 pillars:

1. Core Capabilities – help businesses to grow and transform.
2. Innovation and Productivity – support companies to explore new growth areas, enhance efficiency, or optimise resource usage to improve sustainability.
3. Market Access – support businesses to expand into overseas markets.

EDG supports qualifying project costs such as 3rd party consultancy fees, software and equipment and internal manpower cost.

There are no pre-approved vendors for the EDG.

• Registered and operating in Singapore.
• At least 30% local shareholding.
• Financially viable to start and complete the project.

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• 70% of the eligible cost for activities listed above, capped at S$100,000 per company per new market.
• Valid from 1 Apr 2020 to 31 Mar 2023.

• Overseas market promotion (capped at S$20,000).
• Overseas business development (capped at S$50,000).
• Overseas market set-up (capped at S$30,000).

• Business entity is Singapore registered/ incorporated.
• New (target) market entry criteria where overseas sales of applicant had not exceeded $100k in each or last 3 preceding years.
• Minimum 30% local shareholding.
• Annual turnover < S$100m per annum or Company has not more than 200 employees.

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200% tax deduction on the 1st $150k of eligible expenses on 9 qualifying activities per year.

Qualifying activities include: –

(1) Market Preparation

Engaging 3rd-party professional consultant for: –

• Design of packaging for overseas markets.
• Products/services certification for overseas markets.
• Market surveys/ feasibility studies.

(2) Market Exploration

• Overseas business development trips/ missions.
• Overseas trade fairs.
• Local trade fairs approved by Enterprise Singapore or Singapore Tourism Board (STB).
• Virtual trade fairs approved by Enterprise Singapore.

(3) Market Promotion

• Overseas advertising and promotion campaigns.
• Production of corporate brochures for overseas distribution.
• Advertising in approved local trade publications.
• Development of overseas business.

(4) Market Presence 

• Overseas trade offices.
• Master licensing and franchising.
• Employee overseas posting.
• Overseas investment study trips/ missions.
• Investment feasibility/ due diligence studies.

• Singapore-registered company or have a permanent establishment in Singapore.
• Not enjoying other government tax incentives or concessions.

Read more details here