Things to Know Before Leveraging the PSG Grant

Who said innovation and technology has to be out-of-reach and expensive! For SMEs looking forward to taking the jump, the Productivity Solutions Grant (PSG) in Singapore will certainly work to their advantage. This popular grant is known to help SMEs adopt technological solutions.

And there is nothing wrong with that considering innovative technological solutions are vital as they help drive capability and growth in a company. Either way, it pays off to find answers to a list of questions to quality for PSG grant. This action goes a long way in making sure SMEs stay relevant and become more competitive.

Keep in mind employee productivity is vital for any business to grow. With that said, here are some of the ways that leveraging the PSG grant for SME in Singapore will work to your advantage.

Boosts Productivity

You might wonder must I be profitable to be entitled to the PSG digital marketing grant? Well, this is among the things that should never give you sleepless nights since it allows you to incorporate more IT solutions and equipment. Things are no different when you decide to automate the management of essential HR services like payroll or leave. With increased efficiency and productivity, rest assured your small business will win over a huge share of the market.

Cost Benefits

Do you find yourself asking; must I be a small business in Singapore to qualify for the grant? The simple answer to this question is YES sincethe PSG grant helps technological-driven businesses in the country with cost benefits. SMEs that want to incorporate tech solutions and equipment don’t have to take a toll on their finances for this to happen. The same is to be said if you are promoting your business in the foreign land since the grant will come to your aid.

Keep in mind the Productivity Solutions Grant (PSG) offers funding support of up to 70%. This funding is aimed at supporting the adoption of IT solutions and equipment that have been pre-scoped by the industries’ lead agencies. No wonder it continues to attract the attention of most small business owners in Singapore. Either way, you need to understand what are the eligibility criteria for the grant.

There is more to leveraging the PSG grant than meets the eye. For this reason, you ought to know how to be qualified for marketing grant before deciding on anything. The good news is you can find out more here without the hassle.

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