Capability Development Grant (CDG) at a Glance
At Singapore Budget 2015, there was changes to this scheme Capability Development Grant which mentions that application below the cost of < $30,000 SGD will be easier in the application.
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.
- 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.
If you have a project that require large scale amount on funding, applying for CDG will cover 70% of your cost and we will assist you in the filing application, we will plan and help to innovate your business and helps your business improve in Productivity, Innovation.
Contact us to know more.