Government Grants for Digital Transformation for Local SMEs
Capability Development Grant (CDG)
The Capability Development Grant (CDG) aims to support SMEs to scale up business capabilities and ensure business sustainability . You can take on projects in areas like product development, human capital development, business processes enhancements for productivity and business model transformation. The grant defrays up to 70 percent* of qualifying project costs such as consultancy, training, certification and equipment costs.
The application requirements for smaller scale projects, for grant support of S$30,000 or less has also been simplified. You can look forward to more streamlined application forms and documentation requirements.
* SPRING’s enhanced funding support of up to 70% would be effective for three years until 31 March 2018.
iSPRINT is a comprehensive initiative that supports the adoption of ICT by SMEs, from simple solutions that improve business operations to innovative uses of technology that transform a business or sector. Previously, only SMEs who were first-time adopters of infocomm solutions were eligible for funding support of up to 70 per cent, with support for the rest capped at 50 per cent. The funding covers consultancy fees, training cost, manpower, hardware and software.