CDG stands for Capability Development Grant. CDG Grant is a financial assistance program that helps a business owner to build his or her capabilities across 10 key business areas, ranging from adopting new technologies to raising the service standards, from overseas expansion to staff training etc. This grant lends support to a wide range of capabilities that upgrade the initiatives to help the business grow locally and globally.
The CDG grant funds up to 70%* of the qualitative project costs such as training, certification, increasing productivity, product development, process improvement and market access. In order to encourage more SMEs to build the business capabilities, the process of application of the grant support of S$30,000 or less. Now you can simply get application forms and pass away with 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.