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 S$30,000 or less has been simplified. You can look forward to simpler application forms and reduced documentation requirements for such projects.
|Area of Development||What is Claimable|
|Brand development||Develop a stronger company’s mission, vision, values and strategy. Enhance your competitiveness by differentiating your products and services from competitors.|
|Business excellence||Strengthen your management practices through business excellence, which are key to higher productivity and revenue growth.|
|Business innovation||Develop innovative capabilities, and integrating design thinking as a business strategy for the growth of your company|
|Enhancing quality standards||Adopt international or industry standards for your business. Includes manpower-related and training expenses, consultancy and professional services.|
|Financial management||Improve and maintain good management of your financial resources to develop strong financial resilience.|
|Human capital development||Strengthen your HR management practices and build stronger companies. Create a strong foundation for your business by cultivating your corporate culture, and retaining staff.|
|Intellectual property and Franchising||Manage and protect your of Intellectual Property (IP), and develop franchising systems to replicate successful business models and gain a competitive edge.|
|Productivity improvement||Improve your business processes and optimise resource allocation for better productivity gains.|
|Service excellence||Adopt service innovation for your business to increase service standards, for a customer-centered service.|
|Technology Innovation||Strengthen your technology innovation initiatives to enhance your products and services.|
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.
Between 1 Jul 2016 to 30 Jun 2019, companies supported under the Capability Development Grant (CDG) may apply for the WorkPro - Job Redesign Rider (“JR Rider”) upon CDG project completion. To be eligible, SMEs need to show that the project has led to a positive impact on older workers (subject to applicable conditions being met). This includes, but is not limited to:
The JR Rider can be used to increase the level of funding support to a maximum of 80% of the qualifying project cost, or up to $20,000 payable per older worker who have benefited (whichever is lower), subject to the applicable caps to the JR Rider scheme.
You will need to identify the relevant development area your project is on. Do call up EnterpriseOne if you need help finding which area best suits your business needs. I’ve asked for their assistance before and their customer service officers are knowledgeable and very helpful.
These are the pre-application documents you will to prepare: