Tag Archives: grant

Capability Development Grant

Introduction

Ever since Productivity Innovative Credit(PIC) scheme is ending, the popularity of Capability Development Grant (CDG) started to grow. Most people perceived this as a replacement for PIC scheme. Below is a simple chart to compare the difference.

PICnCDG

CDG support areas

CDG scheme had to need large under utilized because it covers more than what most people perceive. You could refer to the chart below to understand the full potential of the scheme.

CDG

CDG description on support areas

CDG Table

Application Checklist

1. Project Proposal

For applications for grant support of $30,000 or less (i.e. total project cost of approximately $45,000 or less), applicants are required to submit their completed project questionnaire. Reply five relevant question on project questionnaire.

For applications for grant support of more than $30,000 (i.e. total project cost of more than $45,000), applicants are required to submit their completed project proposal. Required Proposal guide from SPRING
2. ACRA

Latest ACRA Search or Instant Information (≤6 months old*) of your Corporate Shareholders if applicable.

3. Financial Statement

Latest Audited Financial Statements (≤1 year old*) of your Company and Consolidated Financial Statement of your ultimate parent company if applicable.

4. Quotation

Relevant Proof of Quotation for your project cost items.

5. Consultant proposal*

For projects where consultants are engaged, please provide the consultants’ proposal detailing the scope of work, man-day breakdown of the service, as well as the CVs and scanned copies of SPRING-recognised certification(s) of individual consultant.

*there is a lot of confusion concern consultant proposal please approach SME Centre for clarification.

6. CDG would be upgraded to EDG (4th quarter 2018)

According to MTI report on 1st of March 2018, the scheme would be upgraded to EDG by the 4th quarter of 2018. You could view the report from this link

SME Go Digital Basic

Go Digital scheme is announced by the Parliament by Finance Minister Heng Swee Keat in April and a budget of 80 million would be injected into the scheme for over 4 years to groom SME to develop their technology competencies. This scheme serves as a roadmap for the digital transformation of the country and it consists of several components which include, cyber security, data analytic, data protection and etc.

In this newsletter, I would be sharing about ‘Go Digital’ Solutions. Information released by the media states that the scheme would provide two forms for solutions. This includes Basic solutions provided by for off-the-shelf purchase. Solutions vendors are usually pre-approved by IMDA and they are the general business solutions.

SME Go Digital
SME Go Digital

Pre-approved Solutions

According to IMDA, 51 solutions are approved as of 29 of May 2017 and this includes industries of various sectors from business operation software and you could refer to the solutions from this link

To find out more about SME Go Digital

Email me at yaoming@smecentre-sccci.sg
Contact me at 91110936

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