Due to our well-developed partnership network, we are superbly equipped to perform specific and comprehensive tasks for the client. Our EDG experts have helped us become one of the best EDG consulting firms in Singapore. EDG may also be stacked with SFEC (SkillsFuture Enterprise Credit). This creates a massive difference on the project fee, as a $50,000 project will then cost $8,000 (Assuming that the EDG subsidy is 70% and $7,000 of the SFEC funds are utilized).
LiT Strategy has consultants who possess the Enterprise Singapore, formerly known as SPRING. SMEs need this recognized certification to support up to 80% of the consultancy-related costs until 31st March 2022. Of the three required certifications to qualify for EDG, our team has two, namely the Singapore Certified Management Consultant (SCMC) and Practising Management Consultant (PMC).
We understand that companies today thrive on strong financial fundamentals.
Companies with robust business foundations and strategies must continue to adopt innovative technologies and processes. This will not only ensure that they maintain and expand their local market share, but will also enable them to expand their overseas presence. We have mastered our craft and learned to reach for the most profitable objectives for our clients.
As an EDG consulting firm in Singapore, we help our clients to stabilize their economic state. The Enterprise Development Grant (EDG) helps Singapore companies to grow and transform. This grant supports the projects and helps the companies to upgrade their methodologies. They can innovate or move overseas with the assistance of EDG in Singapore.
Areas covered by an EDG consulting firm
The EDG consultant Singapore team of LiT Strategy covers the following areas when helping clients with EDG:
1. Core capabilities:
Projects categorized under core capabilities help the companies grow and strengthen. Our experts will evaluate the business plans and identify the angles that could be matured. Once we have those aspects in sight, we discuss the plan with the client.
Understanding the business foundation is essential to understand that the Company can revamp its functions like sales and accounting.
2. Innovation and productivity
Singapore has aimed to motivate companies with a futuristic outlook through the Enterprise Development Grant. While ESG may be very selective in granting EDG for projects submitted under this category, an entrepreneur or a business with an innovative idea are looked upon favourably.
As an EDG consulting firm, we help our clients in the areas of business process improvement under this sub-category of EDG. Our team works with our clients to take a deeper look into their current standing. Our EDG consultant in Singapore team look for ways to enhance the client's efficiency. The team looks closer to understanding how they can optimize resource usage and improve sustainability performance to allow a process redesign. These could include reviewing and redesigning the workflow and processes. Eventually, we offer a redesigned process that enables the clients to pick the issues and resolve them strategically.
3. Market access
Market accessibility is one of the most determining factors when a client aims to grow beyond the local market. Projects that aim to go overseas and support Singapore Companies may to qualify for the EDG. You can use an EDG consulting firm in Singapore to ensure that your plans are finalized and shaped into the best forms. As an EDG consulting firm in Singapore, we will bring market insights and help our clients to derive a full-fledged plan. Being able to tap on the EDG will help the clients to overcome some of the impediments to costly expansion overseas.