Leverage on the Singapore Productivity Solutions Grant (PSG) For Your Business! Effective 1st April 2018.
Leverage the Singapore Productivity Solutions Grant (PSG) For Your Business!
Singapore’s Productivity Solutions Grant (PSG), is a new and powerful scheme designed to empower and boost the productivity of Small and Medium Enterprises (SMEs) by assisting them to upgrade and strengthen different areas of their business operations. The new grant streamlines existing productivity schemes – the Innovation & Capability Voucher (ICV) by SPRING, Landscape Productivity Grant (LPG) by National Parks Board, and the SME Go Digital Programme by Info-communications Media Development Authority.
Productivity Solutions Grant (PSG) is Singapore government’s restructured initiative to help SMEs in their digital transformation journey and provide support for adoption of IT solutions and equipment. The Productivity Solutions Grant (PSG) encourages SMEs to take the next step towards future capability development.
RapidCloud’s SalesMAP is a flexible, modular system designed for easy integration for SMEs which helps provide customer support, records management, knowledge base and other data required to keep track of customer related data.
In A Nutshell: Productivity Solutions Grant (PSG)
Productivity Solutions Grant (PSG) is a simple to access, convenient and straightforward grants. To better support businesses in the next phase of transformation, which may require more substantial investments and longer term commitments, PSG have the following features:
- Funding of up to 70% of cost;
- Increase in grant caps;
- Pre-scoping of IT solutions and equipment with prequalified vendors (for IT solutions); and
- Simplified grant processes.
SMEs can use Productivity Solutions Grant (PSG) grant in upgrading and strengthening their basic business processes in core areas such as Integrated Solutions, which, in turn, can be providers of Customer Relations Management System (CRM).
PSG Singapore: Who Are Eligible?
Technically, all local SMEs in Singapore can apply for a PSG grant if those SMEs meet the criteria set by Singapore Productivity Solutions Grant (PSG):
- Those SMEs applying should be registered and currently operating in Singapore;
- The minimum local shareholding of those SMEs is 30%;
- The annual turnover of the SME does not exceed $100 million OR has an employment size not exceeding 200 employees
How Can You Start Your PSG Application For Integrated Solutions?
Interested companies can apply for the PSG through the Business Grant Portal (BGP) from 1 April 2018.
Here 5 very simple steps SMEs should do to avail of the PSG Grant:
Step 1. Register with CorpPass – You’ll need a CorpPass account to log in securely to Business Grants Portal.
Step 2. Complete your company profile – Your ACRA details will be filled in automatically. Check the information and complete additional fields.
Step 3. Apply for grant – Simply answer 3 easy questions to get to the right grant.
Step 4. Get updates – As your application is processed, you will receive updates through the Portal.
Step 5. Accept your offer – If your application is successful, simply log in to accept your Letter Of Offer.
All online applications for an PSG grant will be processed by Singapore Productivity Solutions upon submission of all required documentations.
For more information on Singapore PSG grant, you can contact us at RapidCloud Singapore via email@example.com or 3100 0111.
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