FREQUENTLY ASKED QUESTIONS

CAPABILITY DEVELOPMENT GRANT & ENTERPRISE DEVELOPMENT GRANT

Capability Development CDG and Enterprise Development Grant EDG – Frequently Asked Questions

Frequently
Asked Questions

About
Optimal Cost

Grant
Application

Grant
Eligibility

Certified
Consultants

Contact Us

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FREQUENTLY ASKED QUESTIONS

+ What is CDG Grant?

Capability Development Grant (CDG) is a financial assistance program managed by Enterprise Singapore, formed through the merger of SPRING and IE Singapore. CDG Grant is designed to help Small and Medium Enterprise (SME) such as yourself, develop your company’s internal capabilities across 10 key business areas. Thanks to CDG, SMEs can get up to 70% funding for qualifying projects.

Please note that CDG has ended on 24 October 2018. It has been replaced by Enterprise Development Grant (EDG) . EDG was launched on 25 October 2018 to support companies in the upgrading of business capabilities, innovation and internationalization.

+ What is EDG Grant?

The Enterprise Development Grant (EDG) was launched on 25 October 2018. EDG is a single grant that supports companies in the upgrading of business capabilities, innovation and internationalization. EDG replaces the Capability Development Grant (CDG) and the Global Company Partnership (GCP) with effect from 24 October 2018. EDG will support Singapore companies of all sizes on their growth journey through capability development and/or internationalization under three new pillars:

  1. Core capabilities
  2. Innovation and Productivity
  3. Market Access

Thanks to EDG, SMEs can get up to 70% funding for qualifying projects.

+ How different is EDG from CDG and GCP?

The Capability Development Grant (CDG) provided support for companies in the areas of capability development and the Global Company Partnership (GCP) Grant provided support to companies for internationalization. Enterprise Singapore streamlines both CDG and GCP consolidating it as a single grant. EDG supports projects under three new pillars : Core Capabilities, Innovation and Productivity, and Market Access.

+ Is there a change to the 10 key business areas that were previously used in CDG?

Yes. The 10 key business areas within the Capability Development Grant (CDG) were:

  1. Branding and marketing
  2. Business Excellence
  3. Business model transformation
  4. Standards adoption
  5. Financial management
  6. Human capital development
  7. Intellectual property
  8. Enhancing business processes for productivity (Our specialization)
  9. Service excellence
  10. Product Development

CDG has ended on 24 October 2018. It has been replaced by Enterprise Development Grant (EDG) which was launched on 25 October 2018. The three pillars of the EDG are:

  1. Core capabilities
  2. Innovation and Productivity (Our specialization)
  3. Market Access

Click here to find out more information on EDG’s three pillars.

+ How do I know if I’m eligible for CDG?

Please note that CDG has ended on 24 October 2018. It has been replaced by Enterprise Development Grant (EDG) which was launched on 25 October 2018. You can no longer apply for CDG. Please check EDG and its eligibility criteria.

+ How do I know if I’m eligible for EDG?

If your company:

  1. Is registered and operating in Singapore
  2. Has at least 30% local shareholding
  3. Is in a financially viable position to start and complete the project

Congratulations ! You’re eligible for the Enterprise Development Grant (EDG). All applications will be assessed by Enterprise Singapore who will take into consideration your needs, the project scope and the competency of the certified management consultants (Optimal Cost) to aid you in Process Redesign and Automation under Innovation & Productivity.

If you’re still unsure, click here to take the SME eligibility test.

+ How much grant support can I receive for EDG and is there a cap to the funding?

Thanks to EDG, SMEs can get up to 70% funding for qualifying projects while non-SMEs can get up to 50% funding for qualifying projects.

+ Can I start working on a project before applying for EDG?

We can only begin working with you on or after the project commencement date stated in your Enterprise Development Grant (EDG) application, after it has been submitted to Enterprise Singapore. The actual grant awarded is subject to Enterprise Singapore’s approval.

+ How long does it take for me to know the results of my EDG application?

As a general guideline, Enterprise Singapore would give a feedback on the status of the Enterprise Development Grant (EDG) application within 8 to 10 weeks from submission. In certain cases where the application either lacks clarity, documentation or in the event Enterprise Singapore requires additional clarifications or documents, the process might take more time.

+ What are the supportable items / activities under EDG?

  1. Core capabilities

    a. Projects under this pillar help businesses prepare for growth and transformation by strengthening their business foundations.

    b. The five areas supported include business strategy development, financial management, human capital development, service excellence, and strategic brand and marketing development.

  2. Innovation and Productivity

    a. Projects under this pillar support companies that explore new areas of growth, or look for ways to enhance efficiency

    b. The three areas supported include automation, process redesign, and product development.

  3. Market Access

    a. Projects under this pillar support Singapore companies that are willing and ready to venture overseas.

    b. The four areas supported include Mergers and Acquisitions (M&A), Overseas Marketing Presence (OMP), pilot project and test bedding, and standards adoption.

+ Who can I talk to if I require assistance with the EDG application?

Contact us and as a certified management consultant, we will be able to advise you on the Enterprise Development Grant (EDG) application process as well as guide you in identifying your company’s needs based on the project scope.

Click here to schedule a free consultation with us toay.

+ What should I do to apply for EDG Grant?

  1. Choose us as your certified management consultants and we will conduct a preliminary audit for you.
  2. Once the preliminary audit is done by us, we will work with you to draft the project application and proposal outlining the scope of work.
  3. Submit the Enterprise Development Grant (EDG) application form in the Business Grant Portal.
  4. Click here to access the Business Grant Portal.
  5. Wait for the results of the EDG application made available on the Business Grant Portal.
  6. Once you’ve received the EDG confirmation, notify us and we will start working with you on the project.

Require guidance on the application process?

Click here to schedule a free consultation with us today.

NOTE: As certified management consultants, we can start working on the project before receiving the results of the EDG application.

Contact us to know more

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 GRANT APPLICATION

+ Who is Enterprise Singapore?

International Enterprise Singapore and SPRING came together on 01 April 2018 as a single agency to form Enterprise Singapore . Enterprise Singapore (ES) is the government agency championing enterprise development. ES works with committed companies to build capabilities, innovate and internationalize. They also support the growth of Singapore as a hub for global trading and startups. As the national standards and accreditation body, they continue to build trust in Singapore’s products and services through quality and standards.

+ Who can I talk to if I require assistance with the EDG application?

Contact us and as a certified management consultant, we will be able to advise you on the Enterprise Development Grant (EDG) application process as well as guide you in identifying your company’s needs based on the project scope.

Click here to schedule a free consultation with us today.

+ What should I do to apply for EDG Grant?

  1. Choose us as your certified management consultants and we will conduct a preliminary audit for you.
  2. Once the preliminary audit is done by us, we will work with you to draft the project application and proposal outlining the scope of work.
  3. Submit the Enterprise Development Grant (EDG) application form in the Business Grant Portal.
  4. Click here to access the Business Grant Portal.
  5. Wait for the results of the EDG application made available on the Business Grant Portal.
  6. Once you’ve received the EDG confirmation, notify us and we will start working with you on the project.

Require guidance on the application process?

Click here to schedule a free consultation with us today.

NOTE: As certified management consultants, we can start working on the project before receiving the results of the EDG application.

Contact us to know more .

+ Where should I apply for EDG Grant?

You must submit all applications pertaining to Enterprise Development Grant (EDG) through the Business Grant Portal .

+ How do I know which business area will my project be categorized under?

As certified management consultants, we understand your business needs and will advise you on the business area your project should be categorized under.

Click here to schedule a free consultation with us today.

There are three pillars under Enterprise Development Grant (EDG). Click here to find out more information on EDG’s three new pillars.

+ What should I do if my project does not fall under the pillar of Innovation & Productivity?

As certified management consultants, we welcome all opportunities to work with you despite it being a different business area. We will still review your project, advise you on the business area your project should be categorized under and point you in the correct direction.

Click here to schedule a free consultation with us today.

+ What are the relevant documents I require to apply for the EDG?

Once you have officially appointed us as your certified management consultant, we will guide you through the Enterprise Development Grant (EDG) application process and the relevant documents required for submission.

For all projects, the documents required for Enterprise Development Grant (EDG) are:

  1. Latest ACRA or Bizfile records (Less than 6 months)
  2. Latest audited financial statements (Less than 1 year)
  3. Proof of Quotation for relevant project cost items
  4. For projects where consultants are engaged, please provide the consultants' proposal detailing the scope of work, man-day breakdown of the service, as well as the CVs and scanned copies of Enterprise Singapore-recognised certification(s) of individual consultants
  5. EDG Project Proposal

Click here to view the EDG Project template for Innovation and Productivity

Note: Please ensure you have your CorpPass to proceed with the application submission.

+ Is there a limit to the number of times I can apply for EDG?

No, there is no limit to the number of times you can apply for Enterprise Development Grant (EDG). Most importantly, there is also no limit to the number of times you can work with certified management consultants such as ourselves. However, a project must be completed before a subsequent project can start.

+ How do I know if Enterprise Singapore has received my grant application?

Upon submission of the Enterprise Development Grant (EDG) application, you’ll receive a pop-up notification to confirm that your application has been submitted successfully. Subsequently, you will also receive an email as an acknowledgment of your grant application.

+ What is the duration for a typical EDG project?

Depending on your project scope, a Enterprise Development Grant (EDG) project may take between 12 to 18 months to complete.

+ How do I check the status of my grant application?

To check the status of the Enterprise Development Grant (EDG) application submitted, please log in to Business Grant Portal under “Current Projects”. You will also receive an email on the outcome of the EDG application within six to eight weeks upon receipt of the completed project information.

+ Am I allowed to revise my EDG application after I have submitted it?

No. Once you have submitted your Enterprise Development (EDG) application, you’re not allowed to make any changes. In the event the application is incomplete, Enterprise Singapore officer may ask you to make changes or provide the missing information, and re-submit the application.

+ Can Optimal Cost apply for the EDG on my behalf?

No, but once you’ve officially appointed us as your certified management consultant, we can guide you through the Enterprise Development Grant (EDG) application process. If you require more information, click here to schedule a free consultation with us today.

+ How long does it take for the grant to be disbursed?

Upon project completion, Enterprise Development Grant (EDG) claims should be submitted to the Enterprise Singapore auditor and Enterprise Singapore officers for final verification. With the complete receipt of both the project report and the audit report from the Enterprise Singapore auditor, Enterprise Singapore will proceed to process the grant disbursement. The funds will be disbursed within 6 to 8 weeks via GIRO to your designated bank account.

+ How do I claim disbursement of EDG once my EDG-approved project is completed?

  1. You must select an auditor from Enterprise Singapore’s pre-qualified panel (don’t forget to get a quotation before making your choice).
  2. Once you’ve selected an auditor from the pre-qualified panel, you must send all the supporting claim documents to him/her.
  3. You can either send the supporting claim documents via the Enterprise Singapore Grant Portal or by Post.
  4. All claims must be sent to Enterprise Singapore within six months from the scheduled completion date of the project. Please note that any claims that are sent after the six months validity will be deemed lapsed.
  5. The auditor that you have appointed will verify your claim documents and issue an audit report once the verification process is completed. In the event the claim documents are unclear or require more clarifications, the auditor will contact you.
  6. Subsequently, an Enterprise Singapore officer will contact you to verify the completion of the project and deliverables met based on the project report you had submitted.
  7. With the complete receipt of both the project report and the audit report from the auditor, Enterprise Singapore will proceed to process the grant payment.

+ Is it a mandatory requirement to engage an auditor for the EDG claim process?

Yes, you’re required to engage an auditor from the Enterprise Singapore’s pre-qualified panel . This must be done prior to the submission of the claims via the Enterprise Singapore Grant Portal. The auditor you’ve engaged will follow up with you should further clarifications be needed with regards your application.

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CERTIFIED CONSULTANTS 

+ What does the term certified management consultant mean?

With effect from 01 January 2017, when you engage consultants to work on your Capability Development Grant (CDG) / Enterprise Development Grant (EDG) projects, they must be possess a management consultant certification that is recognized by Enterprise Singapore, as part of the Consultant Quality Initiative (CQI) also introduced by Enterprise Singapore. In the event the consultant is not certified, Enterprise Singapore reserves the right not to support the consultancy fees incurred.

The purpose of CQI is to help SME such as yourself to:

  1. Select the right certified management consultant to guide you with your project

  2. Provide certified management consultant of high level of quality and professionalism

Enterprise Singapore has appointed three certification bodies through an open call-for-collaboration to develop and run certification programmes for management consultants that are aligned to TR 43:2015.

These certifications recognise individual management consultants who possess adequate know-how, competence, professional and ethical conduct to provide consultancy services, in accordance to TR 43:2015.

The three certification bodies are:

  1. Institute of Management Consultants (Singapore)

  2. Singapore PMC Certification Pte. Ltd.

  3. TUV SUD PSB Pte. Ltd.

+ What is TR 43:2015?

TR 43:2015 is a Management Consultant Standard that sets out the minimum acceptable professional standards and practices of individual certified management consultants. TR 43:2015 was developed by the Singapore Standards Council, SPRING Singapore / Enterprise Singapore and the Consultant Quality Management Working Group (CQM WG). SMEs seeking government grants for consultancy related costs under the Capability Development Grant (CDG) will need to engage management consultant with recognized certification under Consultant Quality Initiative (CQI). The management consultant certification is in accordance to the Technical Reference for Management Consultants (TR 43:2015) and ISO 20700.

Click here to find out more information on TR 43:2015.

+ Are Optimal Cost’s consultants certified?

Yes, we are certified management consultants certified by TUV SUD PSB Pte. Ltd.. as Professional Singapore Certified Management Consultant (PSCMC). This certification is recognized by Enterprise Singapore.

If you require more information, click here for a free consultation.

+ How do I ensure I’m working with certified management consultants?

You can access Enterprise Singapore website to view the list of management consultants with recognized certification. We are listed on the Enterprise Singapore website as a Professional Singapore Certified Management Consultant (PSCMC) certified by TUV SUD PSB Pte. Ltd.

+ Can Optimal Cost apply for the CDG / EDG Grant on my behalf?

No, but once you’ve officially appointed us as your certified management consultant, we can guide you through the Capability Development Grant (CDG) / Enterprise Development Grant (EDG) application process. If you require more information, click here to schedule a free consultation with us today.

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 ABOUT OPTIMAL COST

+ Why should I work with Optimal Cost?

We can provide you with 4 good reasons:

  1. Work with certified consultants

    ● We are certified, professional and ethical management consultants who possess Enterprise Singapore-recognised certification. SMEs applying for EDG support for consultancy-related costs must engage certified management consultants like us.

    ● Our expertise in Procurement and IT is backed by 2 other international certifications: MCIPS and ITIL Foundation.

  2. Work with productivity improvement experts

    ● Thanks to EDG, just like MNCs, bring experts on board and benefit from professional, high standard and high impact consulting services.

    ● We have customised the tools and best practices developed when working with MNC clients, to suit the constraints and needs of local SMEs. Just get in touch with us to learn more about our proven track record of successful optimization projects.

  3. Our down-to-earth value proposition

    ● All our projects have a high return on investment.

    ● We may wear a suit but we get our hands dirty, our approach is always hands-on and pragmatic. We make recommendations and we implement them.

    ● We believe in being flexible and adaptable to our client’s needs.

    ● We ensure the results of our projects are sustainable.

  4. We are a SME too

    ● SMEs are at the heart of Singapore’s economy. Just like you, we are a local Singaporean SME. We understand the needs and challenges of local SMEs and we have a team specialized in SME Consulting. Support local business ah!

Click here to schedule a free consultation with us today.

+ Can you tell me more about Optimal Cost?

Optimal Cost is a local consulting firm specialised in helping companies become more efficient and more profitable by optimizing their business processes and the cost of their operations.

Click here to visit our corporate website.

+ How can Optimal Cost support me?

As certified management consultant, we will guide you through the Enterprise Development Grant (EDG) application process. We will help you increase your company’s profit and improve productivity.

Click here to schedule a free consultation with us today.

+ Am I able to work with Optimal Cost on several projects and still leverage on EDG?

Yes. There is also no limit to the number of times you can work with certified management consultants such as ourselves and leverage on the Enterprise Development Grant (EDG). However, a project must be completed before subsequent projects can start.

+ How do I get a free consultation with Optimal Cost?

Click here to schedule a free consultation with us today. As a certified management consultant, we will be able to advise you on the Enterprise Development Grant application process as well as guide you in identifying your company’s needs.

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 GRANT ELIGIBILITY

+ How do I know if I’m eligible for CDG?

Please note that CDG has ended on 24 October 2018. It has been replaced by Enterprise Development Grant (EDG) which was launched on 25 October 2018. You can no longer apply for CDG. Please check EDG and its eligibility criteria.

+ How do I know if I’m eligible for EDG?

If your company:

  1. Is registered and operating in Singapore

  2. Has at least 30% local shareholding

  3. Is in a financially viable position to start and complete the project

Congratulations ! You’re eligible for the Enterprise Development Grant (EDG). All applications will be assessed by Enterprise Singapore who will take into consideration your needs, the project scope and the competency of the certified management consultants (Optimal Cost) to aid you in Process Redesign and Automation under Innovation & Productivity.

If you’re still unsure, click here to take the SME eligibility test.

+ Is there a change to the 10 key business areas that were previously used in CDG?

Yes. The 10 key business areas within the Capability Development Grant (CDG) were:

  1. Branding and marketing

  2. Business Excellence

  3. Business model transformation

  4. Standards adoption

  5. Financial management

  6. Human capital development

  7. Intellectual property

  8. Enhancing business processes for productivity (Our specialization)

  9. Service excellence

  10. Product Development

CDG has ended on 24 October 2018. It has been replaced by Enterprise Development Grant (EDG) which was launched on 25 October 2018. The three pillars of the EDG are:

  1. Core capabilities

  2. Innovation and Productivity (Our specialization)

  3. Market Access

Click here to find out more information on EDG’s three pillars.

+ I’m interested to work with Optimal Cost and would like to find out which business area / pillar Optimal Cost consultants are specialized in?

We are specialized in Process redesign and Automation under the Innovation and Productivity pillar. Process redesign focuses on increasing your profit and improving your productivity by optimizing your company’s processes and resource allocation. Automation focuses on automation and technology to streamline your company’s processes, making routine tasks more efficient.

+ How do I know which business area will my project be categorized under?

As certified management consultants, we understand your business needs and will advise you on the business area your project should be categorized under.

Click here to schedule a free consultation with us today.

There are three pillars under Enterprise Development Grant (EDG). Click here to find out more information on EDG’s three new pillars.

+ What should I do if my project does not fall under the pillar of Innovation & Productivity?

As certified management consultants, we welcome all opportunities to work with you despite it being a different business area. We will still review your project, advise you on the business area your project should be categorized under and point you in the correct direction.

Click here to schedule a free consultation with us today.

+ How can I improve my chances to be eligible for the EDG Grant?

We will guide you through the Enterprise Development Grant (EDG) application process to ensure that your application has all the relevant information required. We understand the significant impact the grant can have for your organization and that is why choosing the right certified management consultant is important. Please ensure that you engage competent and professional management consultants to achieve meaningful business outcomes and sustainable growth.

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