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.
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 description on support areas
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
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.
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