How Do You Become Eligible for Productivity Solutions Grant?
SMEs companies are eligible to apply for the PSG grant if they are registered and based in Singapore. Additionally, the information technology solutions or equipment’s, lease and purchase will be in Singapore. The SME applying for the grant should possess a minimum local shareholding of thirty percent. Another condition for the SEMs applying for the grant is that their annual turnover should not be exceeding $ 100 million. More so, the company’s employee should not exceed two hundred employees.
How Do You Apply for Productivity Solutions Grant?
To apply, you will go through the list of supportable solutions featured on Tech Depot. Select the relevant solutions that are useful in your business. You will then obtain a quotation from a pre-approved vendor who will supply you with the IT solution and equipment. Finally, you will submit your grant application through the business grant portal. You should ensure that you register to get a CorpPass account. Below are the steps on how to apply the PSG.
#1. Login into The Business Grants Portal
The portal has clear details requesting you to register with CorpPass. Click on the register tab to immediately register with CorpPass.
#2. Use the CorpPass To Login to The Portal.
Click the login tab at the bottom right hand and fill in the CorpPass logins. These include an entity ID, CorpPass ID, and password.
#3. Click on Get New Tab
After your login into PSG account, there three options depending on what you want to do. You can either edit company profile, get a new grant or learn to apply. Click on get new tab middle tab.
#4. Choosing on The Industry Sector
The new window that opens requests you to choose the industry sector that fits best in your business. The options include landscape, services, building and construction, logistics, tourism, food and beverages, retail, manufacturing and engineering, information technology, media, and others.
#5. Click on Select Grant After Choosing Your Business Industry Sector.
Cricking on select grant brings two options on the display. You should choose the second option that features upgrading the critical business areas, adoption of technology, improvement of business processes and raising of service standards. Do not select the option stating that you want to make your business international and establish its overseas presence.
#6. Choosing of The Grant Type
The next window brings options about the best description of the area of your company you will develop using the grant. Among them include service excellence, human capital development, financial management, branding and marketing, standards adoption, pre-scoped productivity solutions, and business excellence. You should choose the pre-scoped productivity solutions option.
#7. Proceed Tab
This section has some vital information for you. It makes you aware of the requirements for completing the grant application. You will need your vendor’s quotations and the product brochures. The grant application attachments and company profile should not be more than fifty MBs in size. You should scroll down the page and click the on proceed tab.
#8. Verification of Your Eligibility Status
The page has a list of the things you must meet to qualify for the grant. Below is the query on whether the applicant meets the eligibility criteria. You should tick the yes option to verify that you are eligible for the grant and click next.
#9. Completion of Business Information
It is mandatory for you to fill in the contact details including your name, job title, and contact number.
#10. Proposal Details
You should search for the IT solution option and select the IT solution. Fill in the required questions. Infusionsoft CRM is ideal in filling in with the customer relationship management.
#11. Uploading of Vendor Quotation
Fill in scale-up marketing Pte. Ltd at the vendor details additionally, upload the supporting documents and selected vendors quotations. Each document should not contain more than ten MBs.
#12. The Purchasing Cost
The purchase price should include all the delivery, installation and training charges. Enter the purchasing cost and click on ‘next.’
#13. Answering Questions on Potential Business Impact.
You need to answer questions including how the solution will change how you do things. More so, you will answer questions about productivity gains on how your task will be more efficient after the grant. Answer the questions and click next.
#14. Review of Declarations and Acknowledgement
You are supposed to go through the contents of consent and acknowledgment. If you agree with the acknowledgment, tick the consent tab and click ‘review.’
#15. The Final Declaration
You should check and review all the items to confirm that they are correct. If everything is as you would like it to be, make the final declaration and click the bottom ‘submit’ icon. You have successfully applied for the Productivity Solutions Grant.
In conclusion, productivity solutions grant promotes the Singapore SMEs in various sectors in their journey towards improved competitiveness, higher productivity, and digitalisation. The grant will in future have an option to incorporate more IT solutions and equipment. The introduction of PSG will see Singapore rise to become a global city through digital productivity, innovation, and skills.