If reading this, you might have heard about the Productivity Solutions Grant (PSG) at some point in your life. This common digital marketing subsidy scheme in Singapore caters for the costs of pre-approved digital solutions by close to 70%. Once pre-approved for this grant, you stand to enjoy the digital marketing solutions at a significant discount.

And this is no longer surprising considering the main intention of this subsidy scheme is to encourage digitalization in Singapore SMEs. By before you think about leveraging what it offers, you need to know what you’re signing up for.

Despite being a government grant aiming to support local SMEs that want to utilize IT solutions in Singapore to improve their business operations, you must be eligible before leveraging what it offers. As a good starting point, your SME must be registered and operating in Singapore.

Moreover, your company needs to have at least 30% local shareholding. It doesn’t end at that since the subsidy is available to SMEs looking to hire a Singapore-based IT solutions provider. SMEs that fail to meet any of the set eligibility criteria might miss out on what this grant offer.

In the event that you want to bring your business overseas and need some financial injection, there is nothing wrong with leveraging the PSG grant. But meeting the eligibility criteria isn’t to say everything will turn out how you expect. You should also have all the documents needed in place before filling up the application.

Among the most notable documents you must have with you before signing up for a PSG digital marketing subsidy scheme include an invoice, certificate of incorporation as proof of local shareholding and your company’s bank statement for the past six months. You should also have with you identification numbers such as ID, NRIC, or passport.

The Bottom Line

The PSG grant in Singapore is one of the most widely sought after subsidy scheme by most SMEs since it helps them improve productivity. If you have plans to improve your business processes, then it is in your best interest to leverage what this Singaporean government grant offers.

Hopefully, this quick guide can serve as a good starting point before you finally give it a try. The good news isyou can visit MediaOne Marketing website and get more information regarding the PSG digital marketing grant.