Grants

Clooud Consulting LLP is a Practising Management Consultant (PMC) with Singapore Business Advisors and Consultants Council (SBACC). We could be your Lead Consulting in EDG grant project and guide you to obtain 80% support from EDG grant.

(https://sbacc.org.sg/services/pmc-search-directory/1040/luk-wai-lun-alan-luk/)
Enterprise Singapore
Enterprise Singapore is a government agency that support our local SMEs to build their capabilities and digitisation to transform their businesses together with pre-approved vendors and approved consultants with the various grants.
Enterprise Development Grant’s Benefits
Companies need to look into the future and those who adopt strong business foundations and strategies is able to thrive and continue to grow and venture their businesses internationally.

The Enterprise Development Grant (EDG) support companies to grow and transform. These grant’s support your business to upgrade their capabilities, increase their innovations and expand into the international markets in three main categories.
  • Core Capabilities
  • Innovation & Productivity
  • Market Access
Note : Enterprise Development Grant (EDG) support up to 80% grant till March 2022.

Core Capabilities

Financial Management Grant
Analysis for financial management to improve your company efficiency and effectiveness. We will perform Gap Analysis in the Financial process which includes the following :

Revenue Cycle
  • Quotation
  • Sales order
  • Delivery
  • Invoicing
  • Sales Collection
  • Account receivable
Purchase Cycle (Non-Fixed Asset-Overseas and Local)
  • Purchase Requisition
  • Purchase Order
  • Delivery
  • Vendor Invoicing
  • Payment
  • Accounts Payable
Inventory Management
  • Stock tracking
  • Stock calculations
  • Stock balances
  • Stock Level Management
We draft the major Policies and Procedures on financial management to provide the best practice guidelines to all process owners in the company. At least one day training is provided to consolidate the lessons learnt and presentation of the recommendations.
Human Capital Development Grant
By using Human Resource best practices, we will perform Gap Analysis on you HR Management System, including :
  • Performance Management, KPI and Balanced Score Card
  • Organization Culture
  • Organization Structure
  • Job Design
  • Manpower Planning
  • Recruitment and Selection
  • Learning and Development
  • Career Pathing and Talent Management
  • Succession Planning
  • Compensation and Benefits
  • Corporate Ethics and Values
Gap Analysis Report will highlight the identified HR management issues for improvement. We also provide a road map of Best Practice HR Management System by drafting Policies and Procedures on the mutually agreed scope. At least one day training is provided to consolidate the lessons learnt and presentation of the recommendations.
Strategic Branding & Marketing Development
Grow and Build your Strategic Branding and Marketing with Enterprise Development Grant (EDG). We will perform Gap Analysis and Diagnosis of your Company and Branding. Build up your core capabilities to target new segments and differentiating your brands, products and services from Competition. Developing Marketing Strategies and strategic roadmap and to communicate efficiently to the audience. To support your firm to generate new revenue streams with the recommendations and plans for implementation and presentation of the recommendations.
Areas of Strategic Brand and Marketing Development :
  • Business and Marketing Strategies
  • Target Segments and Markets
  • Brand Positioning
  • Messaging Strategies
  • Name, logo and tagline development
  • Content Marketing
  • Marketing Toolkits for various platforms
Business Strategy Grant
Using best practice framework, we will perform Gap Analysis to evaluate your internal factors, external factors, Strength, Weakness, Opportunities, Threats (SWOT), competitiveness (5 Forces Analysis) and the Business Model Canvas.

Gap Analysis Report will highlight the identified business strategy

issues for improvement. We also provide a road map of Best Practice Business Strategy by drafting Business Strategies Development Policies and Procedures. At least one day training is provided to consolidate the lessons learnt and presentation of the recommendations.
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Innovation & Productivity

Automation Grant
The automation grant project support company’s usage of automation and technology that drives efficiency, significant growth and other tangible benefits. Development of sophisticated software solutions and hardware. Develop and customisation of solutions with integration of systems. Training of staff to deploy the solutions.
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Process Redesign Grant
To support the firm to review and analyse their processes and identify the areas for improvements for efficiency. Using cross-function process framework to redesign the processes. These are the prerequisite for future introduction of automation or using of technology.
  • Review and streamline of workflow and processes to reduce or remove of redundant processes
  • Explore of new solutions and technology to automate processes
  • Review and / or development of performance measures
  • Development of tracking and measurement system
  • Development of comprehensive roadmap of actions for further Improvement
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Market Readiness Assistant Grant (MRA)

The Market Readiness Assistant, MRA Grant support level of up to 70%.

Eligible SMEs will receive support for their international expansion in the following :

Up to 70% of eligible costs, capped at S$100,000 per company per new market* from 1 April 2020 to 31 March 2023 that covers:
  • 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)
Each application is limited to one activity in a single overseas market (e.g. market entry, or participation in a trade fair)
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Enterprise Singapore – EDG Grants FAQ

Who can apply?
To qualify for the Entreprise Development Grant (EDG) SMEs need to have the following :
  • Have a business entity registered with ACRA with a UEN number and operating in Singapore
  • Have a minimum of 30% local shareholding (by Singaporean or Permanent Resident)
  • With a financial capability to start and complete the project before the claims
SMEs need to appoint an approved Grant Consultant such as a PMC – Practising Management Consultant to lead the entire grant project.
Clooud Consulting LLP
Corporate Aspire Pte. Ltd.
Aspire Consulting Pte. Ltd. 
105 Cecil Street, The Octagon, #22-25 Singapore 069534
© 2020 Clooud Consulting LLP. All rights Reserved.
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