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Capability Development Grant (CDG)

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.

For Who?

 

  • 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

 

 

For What?

 

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

 

CDG - 10 Services

CDG Development Areas

 

 

Find out about the 10 supportable areas :

 

 

 

How to apply?

Step 1 : Pre-application

  • Before you apply, check that you have met all the criteria stated above. You may contact Spring Singapore or EnterpriseOne Hotline at (65) 6898 1800 for a discussion on your eligibility
  • Download the CDG Application Form and prepare all the supporting documents listed in the submission checklist

 

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)

 

Should you interest to find out more information on the above scheme, please contact

 

 

Brian Ng / Evelyn Chng / Jage / Rikiro
361 Degree Consultancy Pte Ltd
Tel: 6515 7906   Fax: 6515 7908
Email: enquiry@361dc.com