HomeBusinessWhat You Need to Know before Applying for the PSG Grant

What You Need to Know before Applying for the PSG Grant

More and more business owners in Singapore are now taking advantage of what the PSG Singapore grant has to offer. Well, there is nothing wrong with that since it ensures they get the financial assistance they need to incorporate digital solutions. After all, this is the only way your small business will stand out in this competitive environment.

For those who might not know, the Productivity Solutions Grant (PSG) subsidizes the costs of pre-approved digital solutions by up to 70%. As a pre approved vendor for PSG, it simply means you can enjoy your digital marketing solutions at a significant discount. You ought to keep in mind that this grant supports companies that want to scale up or improve their business processes by adopting IT solutions.

But to qualify for the PSG enterprise Singapore grant, your company will first have to meet the set eligibility criteria. In a nutshell, you need to be a Singapore citizen, Singapore permanent resident, or Singapore employment/work permit holder. Furthermore, your company must at least have 30% local shareholding.

If your business meets the set eligibility requirements, you can go through the PSG grant approved vendor list and find one who will help you out. To make your quest easier, it is in your best interest to work with MediaOne Marketing. It is then that you can get the financial assistance you need to incorporate digital solutions in your small business.

You might already be wondering about how the PSG grant is calculated. Well, each applying company is subjected to an annual grant cap of $30,000, supported by the ESG PSG. To calculate how much Singapore grant funding you’ll end up getting without the hassle, be sure to take the service charge quoted by MediaOne and multiply it by 70%. Of course, you have to visit their official website to access this information.

The Bottom Line

There is more you need to know about the PSG grant before you finally give it a try. Even though the above information can serve as a good starting point, it is highly recommended that you do your homework and find out more about the PSG solution in Singapore. No matter how long it might take you, this is where better than filling the application form blindly. Get in touch with MediaOne representatives today to find out more.

The Crunchy Media
The Crunchy Media
"The Crunchy Media is a freelance writer and journalist with over 10 years of experience in the industry. He has written for various publications. He is passionate about covering social and political issues and has a keen interest in technology and innovation. When he's not writing, Thecrunchymedia can be found hiking in the mountains or practicing yoga.
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