SPRING Singapore has set aside S$12 million under this programme to enhance the capabilities of local F&B enterprises over the next 3 years.
| Higher funding support for enterprises to develop capabilities during the economic downturn is extended till 31 January 2011. Find out more about the changes. |
Aims
- To encourage the development of innovative F&B concepts, products and processes critical to Singapore’s quest to become a gastronomic capital in the region.
- To develop the capabilities of small and medium enterprises (SMEs) in the F&B sector which will raise efficiency and services levels.
For who?
- For all small and medium enterprises (SMEs) in the F&B sector. Your business qualifies as a SME if:
- 30% - 100% of your shareholding is local
- your group fixed assets are worth S$0 - S$15 million*
- you have 0 - 200 employees (for companies in the services sector)*
For what?
- You can use F&B CDP for:
- Enterprise-Level Projects - projects that improve your business' capabilities.
- Industry-Level Projects - projects with other businesses which improve collective capabilities.
- Projects supported by F&B CDP include:
- Innovation Projects which involve developing innovative food & beverage concepts, products and processes (e.g. innovative food packaging, one-of-a-kind nightclubs and world-class food concepts like molecular gastronomy).
- Process Improvement Projects which involve improving processes by adopting global best practices or by implementing IT systems (e.g. ERP, CRM and integrated POS systems).
- Service Projects which involve raising service levels at your outlets (e.g. conducting service audits, identifying areas of improvement and implementing measures to improve service).
- Certification Projects which involve implementing international food standards (e.g. Hazard Analysis and Critical Control Point (HACCP) for food safety management).
How much?
- F&B CDP funds up to 70% of the qualifying costs for industry-level projects and enterprise-level projects.
- Qualifying costs include:
- manpower-related costs
- equipment and materials
- professional services
Things to note
- F&B CDP gives priority to Innovation Projects and Process Improvement Projects.
- Businesses who wish to tap into CDP funds for Service Projects should participate in the Customer Centric Initiative (CCI) for F&B instead.
- Businesses who wish to tap into CDP funds for Certification Projects should participate in the Food Safety Programme instead.
Background
- The F&B CDP is the third CDP introduced. The two previous CDPs were for the Marine and Logistics industries.
- SPRING targets to generate S$250 million in value-add for the industry from projects supported.
- F&B CDP is part of a 10-year plan to transform Singapore into the gastronomic capital of the region.
Changes from 1 February 2009 - 31 January 2011
- CDP is part of BUILD (Business Upgrading Initiatives for Long-Term Development) which helps businesses to strengthen their capabilities during the downturn for future growth.
- BUILD provides higher funding support to SMEs for all existing SPRING Singapore's capability development programmes. This applies to applications received between 1 February 2009 and 31 January 2011.
For more info
F&B Capability Development Programme (CDP)
SPRING Singapore
Officer-in-Charge
Ms Tan Kaixin
Senior Officer
Food & Beverage, Industry Development Group
SPRING Singapore
Tel: (65) 6279 3679
Fax: (65) 6271 0363
Email: tan_kai_xin@spring.gov.sg
Ms Yvonne Ng
Administrative Executive
Food & Beverage, Industry Development Group
SPRING Singapore
Tel: (65) 6279 3994
Fax: (65) 6271 0363
Email: yvonne_ng@spring.gov.sg
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