Grants

Capability Development Grant | CDG

  • Are you a local SME (small and medium enterprise) owner who is ready for the next phase of growth of your business?
  • Are you thinking of building up sustainable business capabilities as your competitive advantage?
  • Are you thinking of engaging a Productivity Consultant to streamline processes and enhance workflow but are concerned about the cost?

We are helping all local SMEs to enhance their businesses improvement, assist them to develop tailor-made software solutions to improve the current manual work process, to transform it to a productivity concept.  

You can now defray up to 70% of qualifying project costs with the Capability Development Grant (CDG) for your company.

As we understand, SPRING Singapore has enhanced funding support of up to 70% (the Capability Development Grant), and it would be effective for three years until 31 March 2018.

We, Singapore Data Group, an office solutions company that focusing on the following:

  1. Business Excellence
  2. Technology Innovation
  3. Productivity Improvement

Overview:

The Capability Development Grant (CDG) is a financial assistance programme aimed at helping Small and Medium Enterprises (SMEs) defray up to 70% of qualifying project costs*, relating to consultancy, manpower, training, certification, upgrading productivity and developing business capabilities for process improvement, product development and market access.

The grant supports a wide range of capability upgrading initiatives that enables SMEs to successfully compete and grow their businesses locally and globally. There are 10 supportable areas tailored to meet an SME’s current needs and stages of development. They range from raising service standards, adopting technology innovation, grooming business leaders to growing a global brand.

* SPRING’s enhanced funding support of up to 70% would be effective for three years until 31 March 2018.

Eligibility:

  • Registered and operating in Singapore
  • Have a minimum of 30% local shareholding
  • Have group annual turnover of not more than $100 million or group employment size of not more than 200 employees

Process:

 

Step 1 : Pre-application

  • Check that you are eligible to apply for CDG and identify the supportable area relevant to your project.
  • Ensure that your project has not commenced. Late application will not be supported
  • Prepare the following documents for submission with your application.

Step 2 : Application

  • Mail in the completed CDG application form together with the supporting documents to SPRING
  • Upon receipt of your application form, a SPRING Officer will get in touch with you
  • SPRING will assess the application based on the SME needs, the project scope and competency of the service provider in improving the SME’s business capability. All applications are subject to SPRING’s approval.

Step 3 : Implementation of Project

  • A Letter of Offer will be sent to you once your application is approved
  • During the Project Implementation period, you should ensure that :
  • – Proper project records are maintained; (e.g. project scope, timeline, deliverables, progress reports and project sign-offs)
  • – Proper financial record are maintained;(e.g. invoices and receipts relating to the project)

SPRING will assess the application based on your needs, the project scope and competency of the service provider in improving your business capabilities. All applications are subject to SPRING’s approval.

For more information, please visit the SPRING CDG website at:

http://www.spring.gov.sg/Growing-Business/Grant/Pages/capability-development-grant.aspx

Source from SPRING SINGAPORE

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