Capability Development Grant | Singapore

Information from Spring Singapore

The Capability Development Grant (CDG) is a financial assistance programme by SPRING Singapore that helps Singapore enterprises develop capabilities across 10 development areas, ranging from raising service standards, adopting technology to staff training and overseas expansion. The grant supports a wide-ranging of capability upgrading initiatives to help enterprises grow their businesses locally and globally. It works with partners to help enterprises in financing, capability and management development, technology and innovation, and access to markets.

Capability Development Grant (CDG) at a Glance

The grant defrays up to 70 percent* of qualifying project costs such as consultancy, training, certification and equipment costs. You can take on large scale upgrading projects in areas like increasing productivity, process improvement, product development and market access.

To encourage more SMEs to build business capabilities, the application process for grant support of $30,000 or less has been simplified. You can look forward to simpler application forms and reduced documentation requirements for such projects.

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

Explore CDG Development Areas

Use a structured approach to convert knowledge and ideas into new or improved products, processes, services or business models to gain a competitive advantage. Improve your management systems for better organisational performance. Adopt standards to improve your processes, raise competitiveness, enhance business credibility and enter new marketsImprove your financial management capabilities and better manage your financial resources

Eligibility

Registered and operating in Singapore
At least 30% local shareholding
Group annual sales turnover ≤ S$100m or group employment of ≤200 employees

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.

Application Process

Steps for Application

1 Check for eligibility

2 Assessment of your requirements

3 Prepare a Quotation for your project

4 Submit electronic Quotation

5 Obtain Approval letter

6 Proceed with Project Commencement

7 Completion of Project & Payment

8 Submit required Documents together with Approval letter to SPRING

9 Wait for re-imbursement