Who is Eligible for the Productivity Solutions Grant (PSG)?

The Singaporean government is constantly supportingSMEs in their quest to attain growth and stand out from the crowd. And a remarkable way to make this possible lies in offering subsidies through the Productivity Solutions Grant program, helping businesses develop the technology. Byimplementing this grant, the Singapore government helps SME subsidize most of IT solutions and equipment costs.

 

The selection of IT solutions and equipment vendors is possibly one of the important things to join the PSG programs. A good vendor should aid a company as per its needs by increasing productivity and profits. That aside, today we take you through who can successfully apply for the PSG marketing funding in Singapore.

 

PSG Equipment and IT Solutions

You need to verify your company’s eligibility before selecting an IT vendor. It is then that you can proceed to choosing a vendor who can supply IT solutions and equipment focusing on your organization’s needs.

 

Keep in mind the IT solutions recommended by the Singaporean government tends to vary immensely based on the type of industry. Customer relationship management, HRM, inventory, digital marketing and sales management are the commonly used IT solutions to assist businesses work.

 

Considering IT solutions vary by business, companies that want to register must carefully select and sort out IT vendors that can suit their needs and also fit the budget provided by the government. You also need to choose highly reputable equipment vendors according to your company’s needs.

 

PSG Grant Requirements

If your SME qualifies for the PSG digital marketing government funding, the company must meet PSG standards. These standards include operating IT systems or equipment in Singapore. In other words, your company should never sign a contract with a third-party IT provider or do business with them.

 

Among the important documents your SME should prepare include a copy of the most recent financial statements, and also a vendor quotation for a pre-approved solution. Before commencing your registration process for the PSG Digital Marketing grant program, it’s essential you first find vendors that fulfill your company’s needs.

 

Bottom Line

PSG grant digital marketing program is one of Singapore’s fundamental programs to help small entrepreneurs in their growth. This program focuses on developing technology in SMEs so that the company can increase its revenue. However, companies that can participate in this program are those that have only met Productivity Solutions Grant requirements.