Government Grants

EDG (Enterprise Development Grant)

Spring Singapore’s Capability Development Grant (CDG) and International Enterprise Singapore’s Global Company Partnership (GCP) grant have been combined into the Enterprise Development Grant (EDG).

Enterprise Development Grants are administered by Enterprise Singapore (which is a merged entity of SPRING and IE Singapore). The objective is to provide holistic and customized support to local enterprises seeking to build deep capabilities, scale-up, and internationalize.

Similar to CDG, you can get funding up to 80% if your project is approved.

For more information, please visit: https://www.enterprisesg.gov.sg/financial-assistance/grants/for-local-companies/enterprise-development-grant/apply/pre-application

PSG (Productivity Solutions Grant)

“The Productivity Solutions Grant (PSG) is a new initiative, coordinated by MTI’s Grants Management Office (GMO) and administered by the relevant agencies, to assist businesses in its transformation journey. Aligned to the Industry Transformation Maps (ITMs), PSG provides support for the adoption of IT solutions and equipment that have been pre-scoped by the industries’ lead agencies.” (Source: IMDA website)

eFusion Technology is offering an eCommerce or eCatalogue web design and development package (under E-Commerce – Online Shop and Marketplace category) which will be 80% claimable from Business Grant Portal as a pre-approved package. Visit our PSG landing site for more details about the package:  https://webleads.sg/ecommerce-website-design/

For further information, please refer to https://www.smeportal.sg/content/tech-depot/en/psg.html

SkillFuture Enterprise Credit (SFEC)

With a combination of PSG and SFEC, local SMEs might be able to get up to 98% funding for your eCommerce Website today! Both grants added up to make it possible to pay only 2%.

The SkillsFuture Enterprise Credit (SFEC) is created for businesses to advance in enterprise transformation and proficiencies of their employees. Eligible businesses will receive a one-off S$10,000 credit to cover up to 90% of out-of-pocket expenses on qualifying costs for supportable initiatives, over and above the support levels of existing schemes.

Qualifying Periods where you need to meet your eligibility:

• 1 April 2019 – 31 March 2020
• 1 July 2019 – 30 June 2020
• 1 October 2019 – 30 September 2020
• 1 January 2020 – 31 December 2020

To:

• Have contributed at least S$750 Skills Development Levy over the period
• Have employed at least three Singapore Citizens (SCs) or Permanent Residents (PRs) every month over the same period
• Have not been qualified at any of the earlier periods

Eligible businesses or employers who meet the following conditions will be notified in writing.

For more information about SFEC, please visit https://www.skillsfuture.sg/sfec

Digital Resilience Bonus (DRB)

Get up to $10,000 bonus payout credited to your PayNow Corporate account in addition to any existing enhanced digitalization assistance your company already has under IMDA (eg. PSG, SFEC).  This bonus is targeted at the Food Services and Retail sector currently as they have a greater urgency to uplift their digital capabilities to adapt to new post-COVID safe management practices.

To qualify for the bonus, your business has to:

Be incorporated on or before 26 May 2020
Adopt PayNow Corporate and PEPPOL e-invoicing
Adopt predefined categories of digital solutions by 30 June 2021

The $10,000 bonus is split between 3 categories of digital solutions specific to the F&B and Retail sectors. Each category has a capped bonus amount and you may adopt all three categories to receive the maximum $10,000 bonus.

You will get $2,500 under DRB category 2 for PSG projects done with eFusion Technology.

The application is not needed. If you are qualified, we will apply for the DRB on your behalf.

The DRB will be credited to your PayNow Corporate account from August 2020 onwards.

For more information about DRB, please visit https://www.imda.gov.sg/DRBonus

Market Readiness Assistance (MRA) Grant

Get up to 80% of eligible third-party costs supported under the Market Readiness Assistance (MRA) grant. These cover activities such as:

• Overseas market set-up
• Identification of business partners
• Overseas market promotion

For more information, visit https://ie.enterprisesg.gov.sg/Assistance/Market-Readiness-Assistance/Financial-Assistance/Market-Readiness-Assistance-Grant

Tydus Low

Tydus Low is the Regional Head of Copywriting and SEO in Web Leads Digital Marketing Agency and Academy. He specializes in producing well-written content that educates, inspires, and entertains his readers. He is a well-rounded expert who understands digital marketing in-depth. He is well-versed in PPC, Google Analytics, Social Media Marketing, Content Marketing, Copywriting, Web Design, CRO, Web Development, and Search Engine Optimization! He loves reading, writing, and helping his clients explore new ways to win customers during his free time. He graduated from Nanyang Polytechnic with Computer Engineering Diploma and Specialist Diploma From Singapore Polytechnic in Digital Marketing and Analytics.

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