Internationalisation Capability Development Programme (iCDP)
To survive internationally, companies need to build long-term capabilities to develop a sustainable competitive advantage. Such capabilities include developing manpower talent who are savvy with the workings of an international business and markets, buildingyour brand equity and harnessing your intellectual property rights. You will find support for these areas and more under IE Singapore’s Internationalisation Capability Development Programme (iCDP).
The iCDP adopts a holistic view of the overall capabilities yourequire for overseas growth on a project basis. You can now apply to develop multiple capabilities per project as long these capabilities are intended for the purpose of new market entry or to expand presence in existing overseas markets.
The iCDP facilitates the development of a broad range of firm-level capabilities for the purpose of overseas expansion. Examples include branding, design, intellectual property (IP), manpower, franchising and licensing, joint venture (JV), market studies and e-commerce.
The iCDP will support capability development costs for the following eligible areas: manpower, hardware and software costs, engagement of third-party consultants, and acquisition of relevant IP. Support ranges from 30% to 50% depending on costs type. As part of the government’s business financing enhancements announced in December 2008 and February 2009, support quantum has been enhanced to 50% to 70% depending on costs type, valid from 1 February 2009 till 11 January 2011.
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