If you’re planning to digitally transform your business, you’ll certainly need to start by digitizing your business process by implementing a software solution. To fund your first-time effort at a digital transformation, you ought to apply for government grants. After all, this is one of the ways the Singapore government help small business be self-sufficient.
Among the most popular grants you can probably come across to is undoubtedly going to be the PSG. Designed specifically to encourage businesses to adopt IT solutions and equipment. The PSG provides the financial support you need to execute software that will help you manage your business processes more effectively. Read on to find out more about what does the government grant for digital marketing entail.
Applying for a PSG grant is very straightforward. First, you’ll have to visit the Go Business GOV Assist page to find the list of supportable solutions for the PSG and then identify the solution that will best suit the needs of your business. After you’ve found the best solution, you’ll probably need to obtain a quotation from the pre-approved vendor for your preferred supportable solution.
You also ought to ensure that you haven’t signed any contract or made any payments to the vendor of your choice prior to submitting your PSG application. Your submission of the PSG application should be made on the Business Grants Portal with your CorpPass account. There is nothing wrong if I employ a consultant to help improve digital marketing for my team. In most cases, they offer fixed packages for online marketing.
Yes, it’s possible to apply for more than one solution under the PSG grant since it is also an avenue for a Singapore-based company to expand overseas. Yet, you might not submit applications for IT solutions that will be deployed at the same location. If maybe your business operates out of more than one location, you’ll probably have to submit applications for one IT solution for each location.
Your PSG grant will be credited directly to your business’s bank account via GIRO. But before your grant can be disbursed, your completed GIRO form must first be verified by your business’s bank and then submitted to ESG before your business’s claim request. In case you’ve made multiple claims, the GIRO form will only be required when you submit your first claim. It is then that you can use the funds to improve branding and online visibility.