The Capability Development Grant is an initiative of the Singapore Workforce Development Agency to help companies put in place HR systems to facilitate practices in prepration for the re-employment of workers above 62 years old.
To be eligible, companies must:
a) be registered or incorporated in Singapore;
b) have at least 30% local shareholding;
c) have group fixed assets not exceeding SGD 15 million;
d) have a minimum of 5 employees with CPF contributions; and
e) have less than 200 employees.
Companies that have previously recieved any form of funding support under the ADVANTAGE! Scheme or have attended the PREPARE program before 1 April 2010 are not eligible.