cdg grant Tag

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...

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. ...

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 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 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. ...

 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...

PRACTICAL EXAMPLE OF HOW A COMPANY WOULD UTILIZE THE CDG Case Study One Joseph is the Human Resource Manager (HRM) of a restaurant company in Singapore. The firm franchise has more than 12 different branches operating in different parts of Singapore. Each of these companies has 10 to 15 qualified professionals working for full time and part time to ensure that the firm is having sufficient manpower. In total, the entire company is having a head count of around 120 staff including the higher management and HRM himself. Seeing the rapid growth of their company, Joseph has taken the decision to upgrade their recruitment software in order to better manage the employees’ record and data, and tackle the growing number of employees. The new software will help him to enhance performance reviews, reporting and streamlining of data, payroll management and other aspects of recruitment. The new HR system also will help to improve the departmental capabilities of HR and his executive team so that they can focus on core job tasks. If the entire HR software upgrade will cost $10000, HR consultation fee be $2000, then the IT firm will need to pay on 30% of the total cost which means $3600. Case Study Two In recent times,...

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