How does any Singaporean SME benefit from Enterprise Development Grant?

How does any Singaporean SME benefit from Enterprise Development Grant?

  22 Apr 2020

When the Singaporean government is offering SMEs to thrive on international platforms, entrepreneurs find it advantageous to receive the edg grant Singapore for developing the present status of their business. If your Singaporean SME needs an upgradation immediately if you intend to take your business overseas or has a fine project with you then applying for the Enterprise Development Grant from the Business Grant Portal is the best you can do.

Here are some benefits any Singaporean SME can experience from EDG—

New infrastructure

Businesses often need to upgrade their existing infrastructure with technologically advanced equipment and machine. If you have achieved a huge project from which you can make great profit then the funds will help you in improving the infrastructure of the business needed for enhancing the productivity.

Proper training for staff

When the company is leveraging, you can hire more staff and train them before starting working on the new project or using the new machinery. Use the fund money for training the staff and make them skilled to undergo the next project.

Research & Development

The grant will help in increasing more funds for the research and development of the business as you intend to take it overseas.