SME grants Singapore, are not only for the enterprises in financial distress or finding it difficult to survive due to financial crunch. SME grants Singapore are also equally open for the enterprises which are on the verge of exploding into a phenomenal growth. The Capability Development Grant (CDG) is a scheme for providing financial assistance to startups for building capabilities.
SPRING supports with financial grant of up to 70% of costs i.e. for costs of equipment and training; new product design, development and manufacturing processes. The Inland Revenue Authority under SME grants Singapore offers Productivity and Innovation Credit (PIC) grant for investments in innovation and productivity improvements. The enterprises can enjoy Cash Payout and/or Tax Deduction and receive a PIC Bonus.