PSG Grant: helping small businesses go through the digital transformationby Radhika Pawar creative content writer
It is easy for one to be convinced that technology is all about complexities and high-end solutions. That’s far from the truth since you can employ easy and straightforward strategies whenever you want to digitize your small business and improve productivity. Fortunately, numerous service providers are currently helping small businesses go through the digital transformation without encountering any issues whatsoever.
The public authority of Singapore has not been left behind in this regard as they support digital transformation through the Productivity Solutions Grant (PSG). This grant helps SMEs in Singapore overcome common challenges like inadequate funding and lack of time. Here are some of the things you need to think about the PSG grant for SME.
The PSG, as it is popularly known, focuses on adopting internet technology options in specific industry solutions. Some of the chosen industries include logistics, finance, engineering, food, and landscaping industries. To offer the needed help, the PSG has brought together three kinds of existing grants, i.e., the national stops board's landscape grant, spring Singapore innovation grant, and the Media Development Authority SMEs Digital program.
Through the grant, SMEs receive the financial assistance they need to make progress. By offering near 70% funding support to organizations, they can focus more on long-term investment technology. To get the most from this grant, you need to apply to get a more significant grant scheme.
SMEs organizations are qualified to apply for the grant provided they're registered and based in Singapore. Furthermore, the information technology solutions, lease, and purchase should be in Singapore. If this is not enough, the organization's employees ought not to surpass 200 employees. Be sure to go through the eligibility standards before applying, especially if you happen to be experienced in digital marketing.
The Productivity Solutions Grant plays a vital role in helping SMEs in Singapore emerge their innovative lifestyle concepts. In case you are yet to apply, there is no other time to do so than now. Either way, you ought to understand what goes into the PSG grant before deciding on anything. Hopefully, this post can serve as a good starting point before you finally fill the application form. Continue reading about the PSG grant here and find solutions to all your questions without necessarily having to move a muscle.
Created on Apr 26th 2021 01:26. Viewed 52 times.