In terms of tech, it’s not about showy, expensive top-of-the-line solutions. You may get started on your digital transformation journey by taking small steps to automate and streamline your present processes. Financial help is available for firms interested in implementing information technology solutions and equipment in order to enhance company operations via the Productivity Solutions Grant (PSG).
Retailers and food manufacturers may benefit from PSG’s industry-specific solutions, as can companies in the fields of logistics, precision engineering, construction, and landscaping, to mention just a few. For example, The Productivity Solutions Grant (PSG) advocates the use of solutions that can be used across industries, such as customer management and data analytics, as well as those in the fields of financial management and inventory monitoring.
- Some government agencies, like Enterprise Singapore and the National Environmental Agency (NEA), pre-selected these implementation choices for use (STB).
- On Gov Assist, you may discover a variety of options that are easy to apply. When picking the most relevant PSG support packages, applicants should keep in mind their specific company needs.
- You may check out the PSG Application Checklist to learn more about what you need to do before applying to PSG.
Small and medium-sized businesses (SMEs) are rushing to improve their present practises while keeping their heads above water in the wake of the Covid-19 outbreak. Everyone is now on a separate boat, yet they’re all experiencing the same storm.
Fortunately, small and medium-sized businesses (SMEs) in Singapore are not left to fend for themselves at this trying period, as the Singapore government is providing them with the resources and help they need.
SMEs in Singapore are eligible for a wide range of government incentives to help them through tough times. Today’s article is about the Productivity Solutions Grant, which is part of the, the Innovation & Capability Voucher, Capability Development Grant and the Productivity-Max (P-Max) Program.
The goal of today’s session is to give answers to frequently asked questions about the PSG award, including who is eligible, how to apply, and what to expect throughout the application process. There are many benefits to receiving this award, and we invite you to read on if this seems like something you would be interested in.
How does the Productivity Solutions Grant (PSG) work?
The Efficiency Solutions Grant, or PSG, allows companies to make investments in IT equipment and software in order to boost efficiency and streamline corporate processes.
Your company may benefit from a wide range of solutions offered. These solutions are applicable to a wide range of industries and fields, including, but not limited to, customer relationship management, quality assurance, data analytics, financial management, and human resource management.
Are there any restrictions on who may apply for the Productivity Solutions Grant (PSG)?
For the most part, the requirements for applying for the Productivity Solutions Grant are logical and simple to meet. The initiative is open to any Singapore-registered or operating firm that is interested in purchasing, leasing, or subscribing to information technology solutions or equipment in Singapore.
The selected solutions program is only open to SMEs with at least 30% local ownership, a group annual sales turnover of S$100 million or less, and a total workforce of less than 200 employees.