Are you an SME in Singapore struggling to thrive in the digital age? In the tech-driven era of today, having a business website is crucial for success. However, hiring a professional website developer in Singapore and creating a new website is an expensive affair. Therefore, not all small businesses can afford this cost. That is exactly where the productivity solutions grant (PSG) comes into the picture.
In this blog, you will learn everything about PSG. Let’s dive in!
Table of Contents
- A Quick Overview of PSG
- Eligibility for the PSG Program
- Step-by-Step Guide to Apply for the PSG Program
A Quick Overview of PSG
Leveraging IT solutions and improving their business operations is often challenging for local SMEs. The productivity grants solution makes it easy for companies. It can provide them with up to 50% support and enable them to embrace digitalisation. (https://www.imda.gov.sg/disg/Programmes/2019/04/productivity-solutions-grant) It helps businesses to enhance their business processes and improve productivity.
PSG offers the necessary support to industries like construction and landscaping, logistics, food, retail, and precision engineering. With such assistance, hiring a website development company in Singapore and boosting your online presence becomes easy.
Eligibility for the PSG Program
If you satisfy the requirements listed below, you can apply for the PSG program.
- Having a business operated and registered in Singapore is mandatory.
- The company must have local shareholders with a minimum of 30% shareholding.
- The annual sales turnover of the business shouldn’t be over SGD 100 million.
- The leased or purchased IT software, hardware, and consulting services must be used by the business in Singapore.
- The company must be willing to hire at least 3 or more local employees during the deployment of the solution.
Step-by-Step Guide to Apply for the PSG Program
Applying for the PSG grant is simple and easy. Just follow the steps mentioned below.
- Go to the Business Grants Portal
Before you start the process, you need to work with a PSG vendor. Get quotes from potential vendors and select the right one. Then create a CorpPass account and submit the grant application.
- Head to “My Grants”
Under the “My Grants” page, click on the “Applications” option. Go to the “Get New Grant” option. Choose the sector that describes your business the best. In case your business falls beyond the sectors available in the list, click on “others”.
- Check the Eligibility Criteria
You will be taken to a new page where you need to complete the application form. Carefully go through the criteria and finally click on “Yes”.
- Provide the Details
In the next step, you need to give the contact details of the primary contact person. From physical address to email address, you need to provide everything.
- Click on IT Solution or Equipment
The next page will require you to mention the solution you want to purchase. It can be either IT solutions or equipment. Provide other necessary information and complete the cost details.
- Complete the Declaration
The final step is to read the declaration and tick the boxes. Next, submit the PSG application via the Business Grants Portal.
The PSG grant is indeed beneficial for small and medium-sized businesses in Singapore. Are you looking for website development in Singapore? WebSoars can help. Get the PSG grant and start developing your website to boost sales.