Do you have a clear insight into what the PSG digital marketing grant entails? If not, then you’ve definitely come to the right place. This annual grant supports businesses by subsidizing the cost of pre-approved digital solutions by close to 70%. If pre-approved for this grant, you can enjoy funding support for your digital marketing solutions at a significant discount.
It is important to keep in mind that the key intention of this digital marketing grant in Singapore is to encourage digitalization among SMEs. But before leveraging its offerings, you need to know what you’re signing up for. Below are some of the things you should know about the PSG grant in Singapore.
You might not know this, but the Productivity Solutions Grant offers funding support of up to 70%. This funding aims to support the adoption of IT solutions and equipment that have been pre-scoped by the industries’ lead agencies. Of course, you can use it to enhance your customer experience.
Despite being a government grant supporting local SMEs looking to utilize IT solutions to bolster their business operations, you should meet the eligibility criteria before leveraging what it offers. In a nutshell, the SME must be registered and operating in Singapore.
If this is not enough, the company must have at least 30% local shareholding, and should be planning to hire a Singapore-based IT solutions provider. SMEs that don’t meet any of the set eligibility criteria might miss out on what this grant offer.
Remember, there are a couple of documents needed before applying for this digital marketing grant. Among the most notable documents you need to have with you before signing up for a PSG digital marketing grant include an invoice, certificate of incorporation as proof of local shareholding and your company’s bank statement for the past six months. You also need with you identification numbers such as ID, NRIC, or passport.
Wrap Up
The PSG grant in Singapore is most widely sought after by most SMEs as it helps them improve productivity. After all, it is the avenue for Singapore-based companies. If you are looking forward to improving your business processes, then it is in your best interest that you leverage what it offers. We hope this simple guide can serve as a good starting point before you finally give this digital marketing grant in Singapore a try.
