You can develop capabilities in engineering services, streamline processes through continuous improvement techniques, create new and innovative products, form strategic groupings to offer a more complete value-chain of services, and certify processes or products to international standards.
Industry-level Projects
Industry-level projects can be started by a group of companies to jointly improve their processes, skills and collective capabilities. For an industry-level project, the shipyard identifies areas in which their supporting local enterprises’ capabilities can be improved. This is a win-win situation for the shipyard and the enterprises as it ensures that the enterprises’ capabilities remain relevant to industry needs. This in turn enhances the shipyard’s competitiveness.
Enterprise-level Projects
The Marine CDP also supports individual Marine engineering SMEs to embark on capability development projects.
You can apply for the Marine Capability Development Programme if your company / project meets these criteria :
- at least 30% of your shareholding is local
- your company’s group fixed assets are worth below $15 million*
- you have not more than 200 employees (for companies in the services sector)*
- develops new capabilities that significantly improve productivity and/or value-added per worker
- leads to significant contributions to the sector
- has not commenced at the time of application
*
Computed on a group basis i.e. checking up to three levels for corporate shareholders holding 20% or more of the total shareholding in the company and one level down where the company holds more than 50% of the shareholding in a subsidiary company.
Funding support is available for companies embarking on eligible projects under the Marine CDP. Eligible costs include :
a) Manpower-related Costs
- Salary of project members (excludes bonuses)
- Airfare (economy) and cost of living allowances
- Training costs
b) Equipment & Materials
- Industrial equipment, materials & consumables
- Hardware and software
c) Professional Services
- Consultancy
- Subcontracting
d) Acquisition of Intellectual Property Rights
e) Other Project-related Costs (e.g. Testing and Certification)
Examples of projects :
(a)
Capability Upgrading Projects to enhance the quality of engineering services local enterprises provide to the major shipyards.
(b)
Process Improvement Projects which help local enterprises to increase productivity by streamlining their processes through the adoption of continuous improvement techniques such as Kaizen, Six Sigma, Statistical Quality Control, etc.
(c)
Product Development Projects to help local enterprises develop new and innovative marine products.
(d)
Strategic Grouping Projects which leverage on local enterprises’ complementary skills to provide a wider range of services.
(e)
Certification Projects to certify processes and/or products to International Organization for Standardization (ISO) standards.