- When is CDG ending?
All applications for CDG Grant must be submitted before the official deadline: 24th October 2018, 6pm.
- What is CDG?
CDG is the abbreviation for Capability Development Grant; it is also known as CDG Grant.
- What is it about?
The purpose of the grant is to help develop a company’s capability within 10 identified key areas as identified by Enterprise Singapore. Projects, training, performance audits etc. are examples of activities that the grant can support through funding.
- What are the 10 supportable areas?
The areas that the grant supports are the following:
- Branding & Marketing
- Business Model Transformation
- Enhancing Business Processes for Productivity
- Human Capital Development
- Product Development
- Business Excellence
- Service Excellence
- Intellectual Property
- Financial Management
- Standards Adoption
If your business can benefit from enhancing capabilities in these areas and your company is eligible then speak with a certified consultant to help you apply quickly.
- How much grant can I get?
Eligible Small and Medium Enterprises (SMEs) can get up to 70% grant on qualifying costs.
- What is the maximum amount I can apply?
Technically, there is no cap. However, the amount is directly correlated to your annual turnover, where less than 70% of the project cost is approved.
- Is there a guideline on the figure? How can I estimate how much grant can be approved?
For smaller CDG projects which follows a simplified process, the amount should be less than S$40,000. Your chosen consultant on the project should be able to help.
- What are the criteria?
You must be an SME that meets these criteria:
• Registered and operating in Singapore
• Local shareholding of at least 30%
• Company’s annual sales revenue of S$100 million or less, or group employment no more than 200 staff
- Can startups apply?
In general, startups are not eligible for CDG, which requires at least past 3 years of financial statements.
- What if I am a one-man show?
If you are a sole proprietor or with less than 3 employees, the chances are reduced when applying for a grant. Consideration is given to companies with plans to expand and hire more staff.
- What documents should I get ready?
Prepare the following documents:
For projects under 45k
• Latest ACRA or Bizfile records
• Latest year of financial statements with one year
• Project proposal
• Proof of Quotation on relevant project cost items
For projects over 45k:
• Additional business plan prepared by the company will be required
• Projection of the remuneration, staff strength and revenue over the next 3 years based on last year financial statement
- Who can guide me through the process?
Talk to an advisor at one of the SME Centres or get a certified consultant. Click here to talk a certified consultant.
- What is the usual process in applying for a CDG Grant?
• Discuss project with certified consultant or advisor at SME Centre.
• Consulting firm and vendors will provide a project proposal outlining the scope of work.
• Designated EDG application can use the proposal to apply online at Business Grants Portal.
• Companies may be interviewed by ESG prior to project approval.
• Await award notification through the portal with exact grant amount.
• Approve letter of offer and notify project partners.
- What are the common mistakes to avoid?
• Including activities not supported under CDG.
• Consultants who are not certified to handle projects.
• Incomplete breakdown of costs.
• Exclusion of productivity outcomes or tangible benefits.
• Too narrow project scope
- Who approves the CDG grant?
Enterprise Singapore (formerly known as SPRING Singapore) will assess the application, determine the feasibility and impact of the project and gives the final approval.
- How long will it take?
It takes about 20 days and up to a month. Clarity of proposal and application can speed up the approval process.
- How do I know if I get the CDG grant?
You will receive a letter of offer which you must accept within a time frame within the business grant portal.
- What if I failed to get the CDG grant?
You can appeal by emailing to Enterprise Singapore.
- What about PIC?
PIC (Productivity and Innovation Credit) is no longer offered as of 2018 and there is no replacement for that programme.
- What other grants can SMEs apply for?
You can also apply for Productivity Solutions Grant which provides easy access to pre-scoped IT solutions. You can check with www.smeportal.sg for the current list of grants currently available for SMEs.
- How can I increase chances of approval?
Your company can work with experienced consultants to ensure that your application has all correct relevant information. Activities that are vague or appear to non-relevant to the project may cause delays on project approval and may require more information from vendors before the project can be approved.
- Can I apply for more than 1 project?
Yes, you may apply for multiple projects, however, one project must be complete before subsequent projects may start.