As an entrepreneur in Singapore, you need to keep pace with everything transpiring for everything to turn out how you expect. And one of the best ways to go about this is by incorporating IT solutions in your business. Even though it might seem like a costly undertaking, this should never give you sleepless nights.
Now more than ever, you can take advantage of the productivity solutions grant PSG and get the financing you need to adopt digital solutions in Singapore. As is with any other grant you decide to take, it pays off to determine what you’re dealing with in the first place. Here are some of the questions you need to ask before applying for the PSG enterprise Singapore grant.
What is Productivity Solutions Grant (PSG)?
The productivity solutions grant programme is a joint initiative by the Infocomm Media development Authority (IMDA) and Enterprise Singapore. This programme is aimed at supporting companies in adopting IT solutions and equipment to enhance business processes. All you have to do is choose from a list of pre-scoped solutions and receive up to 80% funding support for eligible costs.
What Does the Productivity Solutions Grant (PSG) Cover?
The ESG PSG grant covers solutions in specific industries including wholesale trade, retail, logistics, manufacturing, food, and many more. Furthermore, it supports broader solutions that impact a wide range of industries, including telephony tools, online collaboration tools and financial management. That’s not to say you should rush into completing the application form just because you are in dire need of the PSG funding.
Before doing anything else, you need to be sure your business is eligible for the Productivity Solutions Grant (PSG). Keep in mind your business must be registered and operating in Singapore. It must also have 30% local shareholding, for selected solutions only.
The Bottom Line
With the PSG solution grant, always ensure you know what it entails before giving it a try. After all, you may end up missing out on the financial assistance you desperately need despite putting in your all. The good news is you can clear some of the doubts in mind by working with a reputable digital marketing agency in Singapore.
One such agency is the famous MediaOne Marketing. With years of experience in the field, they will certainly help you apply for the productivity solutions grant in Singapore without going through all the hassle.