CDG Grant / 15.08.2016

This initiative of Singaporean government can greatly help small- and medium-sized businesses improve their business operations and increase their productivity. Below are some other benefits that SMEs can enjoy with this grant: Facilitates business growth by providing support to SMEs and helping them improving their business capabilities. Provides a great opportunity to business to earn both local and international recognition for their brand. Drives SME Innovation by encouraging companies to come up with new products, services, technologies and ideas. For more information, Please visit www.spring.gov.sg/cdg...

CDG Grant / 15.08.2016

SPRING CDG grant can defray up to 70% of the qualifying project costs to upgrade the capabilities of the organization, relating to: Consultancy Training Certification Upgrading productivity Manpower Developing business capabilities for product development, process improvement and market access Each SME can apply for a maximum of up to 8 vouchers. SMEs that meet the following criteria are eligible for CDG grant: Registered and operating in Singapore Minimum 30% Singaporean shareholding Group annual turnover under S$100 million OR group employment size of below 200 employees SPRING assesses the application based on your business requirements, the scope of the project, company’s vision, and competency. All applications are subject to the approval of the SPRING. SPRING's enhanced funding support of up to 70% capped at S$30000 would be effective for 3 years until 31 March 2018. Here is how to apply for CDG grant: Step 1: Pre-application Check that you meet the eligibility criteria to apply for the CDG and recognize the supportable area relevant to your project. Discuss your project with an SME Centre business advisor. Ensure that your project has not started yet. You can start your project on or after the Project Commencement Date mentioned in your CDG application. Following are some pre-application...

CDG Grant / 25.07.2016

A lot SME have a question is "what difference below CDG and PIC"? Here is the difference below: Grand Value Time Frame Purpose Eligibility PIC 40%(after June 2016) 3 month Increase company productivity, add latest equipment same CDG 70% 6-9 months Raising service standards, adopting technology to staff training and overseas expansion same ...

CDG Grant / 20.07.2016

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. Step 1: Pre Application: Check whether you are eligible to apply for the CDG and identify the relevant supportable areas for the project Discuss the project with the business advisor of SME Centre. Step 2: Ensure your project has not commenced: Any late application will not be supported. Your project must commence only after you have applied for CDG. Step 3: Application Read the Access Right Guide in order to understand who in the company can submit and access the application. Log on to our portal to submit your online application. The process might take 20 minutes or less, providing complete information on hands. Step 4: Approval process One of our officers will be in touch with you upon the application receiving. A meeting will be arranged to understand your project and company. You might be required to revise your application if the submitted application is incomplete. Depending upon the industrial sector and the development area, you might be asked to provide the current...

CDG Grant / 20.07.2016

Common mistakes to avoid for CDG claim You can not use CDG to buy equipment. You should not pay service provider after you claimed CDG. Submitted the application before confirm the service with vendor. Your company is not register in Singapore. You do not have 30% local shareholder. Your company have more than 200 staffs. ...

CDG Grant / 20.07.2016

Yes, you can use CDG and PIC at the same time. If you have got 70% from CDG, you can still submit your 30% to PIC, and then get 40% back. Basic formula: $10000 x 30% = $3000 $3000 x 60% = $1800 At the end you only pay: $1800 for $10000 project....

CDG Grant / 20.07.2016

CDG Claim Submission Checklist Please prepare the documents required according to the type of claim submission before logging on to the SPRING Grant Portal for your claim submission. The documents should be uploaded onto the Portal unless otherwise stated. For first-time grant applicants, please fill in the GIRO form for a one-time set up of the GIRO account. Send the original GIRO form by Post to SPRING at: Attn: Finance Department 1 Fusionopolis Walk, #01-02 South Tower, Solaris Singapore 138628 INTERIM CLAIM on Declaration (Applicable for projects approved from 10th Feb 2014 onwards with qualifying project period ≥ 1 year; to be submitted after 6th month mark) Interim Project Report  FINAL CLAIM (Also applicable to interim claim for projects approved before 10th Feb 2014.) Final Project Report (click here for template) Supporting Documents for Cost Items – To upload onto the Portal or send by Post to appointed auditor. Salary – CPF statement (any 1 month within the project period per staff) or employment pass/work permit for foreign employees Equipment & Software – Invoices, Delivery Orders, Receipts & Hire-purchase agreement if applicable Other Costs – Invoices & Receipts (Airfare; Training; Materials & Consumables; Consultancy; Mystery Audit; IP Rights Acquisition; IP Registration; Testing & Certification; Relocation; Audit Fee; Others) Certificates (Only applicable to Enhancing Quality & Standards projects) Copy of S...

CDG Grant / 20.07.2016

CDG grant time frame Upon you have find your service provider, you can submit application to SPRING Singapore’s from portal for CDG grant. It will be taken 4-6 weeks to received the answer from Spring Officer if your applications is approved or rejected. CDG project will involve research and meeting with your company to set up objectives and KPI (Key Performance Indicators). The CDG project will typically stretch from 3 - 9 months. After project finished, the company need to submit an Audit Report and Project Report. The grant will then be disbursed within six to eight weeks via GIRO to your company’s bank account. ...

CDG Grant / 20.07.2016

 Why do business need CDG grant   5 Benefits of the Capability and Development Grant (CDG) in Singapore   [caption id="attachment_16714" align="alignnone" width="600"] Capability Development Grant (CDG)[/caption] The Singapore Government has started great initiatives that target to help the small and medium enterprises with the right funds that will help with business growth. You might never know which initiative is the right choice for you. However, it entirely depends on whether you had wanted to improve operation, your productivity or simply make some improvement through capability initiatives. The Capability and Development grant is one of these programs that the government from the country has put on its place to assist the SMEs financially and develop and run their daily activities. How Beneficial Is the Capability and Development Grant to SMEs? Some of the Small and Medium Enterprises might fail to understand how the CDG is to them. Let us know and understand some of the benefits that SMEs can enjoy the governmental grant: Facilitate Growth of the Business From productivity to innovation improvement, the Capability and Development grant will provide support to several activities with a solo aim of viewing the Small and Medium enterprises grow. The grant is aimed to help them improve their business capabilities. The government grant, in...

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