SPRING Singapore has set aside S$8 million under this programme to increase the capabilities of marine enterprises over 5 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 small and medium enterprises (SMEs) in the marine sector to increase and improve their capabilities in order to move up the value chain.
  
  
• To encourage companies in the marine sector to come together and jointly improve their processes, skills and collective capabilities.

For who?

• All SMEs in the marine 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)*
    
    * Computed on a group basis, i.e. checking up to three levels for corporate shareholders holding 20% - 100% of the total shareholding in your company and one level down where your company owns 51% - 100% of shareholding in a subsidiary company.
    
    
• Non-SMEs can tap into Marine CDP via industry level projects by working with SMEs to improve processes, skills and collective capabilities.

For what?

• You can use Marine CDP for:
  
  
  • Enterprise-Level Projects – projects that improve your business’ capabilities
    
    
  • Industry-Level Projects– projects by a group of companies aimed at improving collective capabilities
    
    
• Your project must result in:
  
  
  • new capabilities that significantly improve productivity and/or value-added per worker; and
    
    
  • significant contributions to the sector (e.g. supply chain integration)
    
    
• Projects supported by Marine CDP include:
  
  
  • Capability Upgrading Projects
    E.g. Projects that improve the quality of engineering services that local enterprises provide to marine and offshore sectors.
    
    
  • Process Improvement Projects
    E.g. Projects to implement continuous improvement techniques such as Kaizen, Six Sigma, Enterprise Resource Planning, etc.
    
    
  • Product Development Projects
    E.g. Projects to develop new and innovative marine equipment products such as titanium welding or voyage data recorders.
    
    
  • Certification Projects
    E.g. Projects leading towards ISO certification for products/processes.

How much?

• Up to 70% of qualifying costs for industry-level projects and enterprise-level projects.
  
  
• Qualifying costs include:
  
  
  • manpower-related costs
  • equipment and materials
  • professional services
  • intellectual property rights
  • other project-related cost (e.g. testing and certification)

Things to note

• Do not start on your project until your application has been approved by SPRING. Funding will not be given for on-going projects.

Background

• Marine CDP is part of the Capability Development Programme (CDP) – a S$35 million fund to develop the capabilities of local enterprises.
  
  
• Marine CDP was the first CDP introduced. CDPs have also been launched for the F&B, semiconductor, medtech and logistics sectors.

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.

	Existing	Revised
Funding support for enterprise-level projects	Up to 50% of qualifying costs	Up to 70% of qualifying costs

For more info

Marine Capability Development Programme (Marine CDP)
SPRING Singapore

Officer-in-Charge

Ms Sherlyn Chen Siying
Senior Officer, Transport Engineering
SPRING Singapore
Tel:  (65) 6279 3649
Fax: (65) 6271 5429
Email: sherlyn_chen_sy@spring.gov.sg