Singapore is home to a wide variety of businesses. It has welcomed these businesses, which have in turn acted as the backbone of the country’s burgeoning economy. Singapore is home to a diverse range of companies including PSG grant online store services. As a consequence, Singapore places a strong emphasis on aiding small and medium-sized enterprises.
Singapore provides healthcare benefits in the form of a variety of incentives to these businesses. Government grant for online web might take the form of monetary grants or PSG provides online shop help. Because it incorporates IT solutions, the PSG grant online store is one of the most popular.
What precisely is PSG?
This is a government award for internet sites that concentrate on technological solutions, as previously stated. It was established in April 2018 with the purpose of aiding small and medium-sized businesses (SMEs) in their expansion efforts. It helps companies execute cutting-edge technology strategies and solutions.
Technical solutions, equipment, and even consultancy services are all included under the productivity solutions award. It uses technology to try to improve efficiency and align many industrial roadmaps. For example, it supports the creation of the PSG grant online store.
Up to 80% financing is available under the current funding approach for productivity solutions awards. Small and medium-sized firms may utilize the existing rate to develop a PSG grant online store until March 31, 2020.
The incentive, on the other hand, would be limited to the award maximum determined by your company. Check your current status on the business grants webpage to see whether you’ve hit the limit.
Who is qualified to apply for this position?
Because the internet is so vast and beneficial, many businesses want to apply for and get a government award for it. The following are some of the requirements that must be met in order to be eligible for the PSG grant online store.
- As a preliminary step, the company must be registered in Singapore. The aforementioned company should also be functioning in the nation.
- The company should be interested in purchasing IT solutions for use in Singapore as well. For example, if a company wants to open a PSG grant online store, it must do it inside Singaporean territory.
- The company that is interested must have at least 30% local ownership. If you have less than 200 employees, your annual sales should be less than $100 million.
The last criterion verifies that grantees or small and medium-sized businesses are indeed in need of help. You may be eligible for a government grant to help you create an eCommerce website if you meet the following criteria.
How should I go about submitting my application?
#1 Please enter your username and password to access your account.
Logging into your Business Grants Portal account is the initial step in applying for the government grant for online web. This first stage will assist you in obtaining funds and establishing a PSG grant online store.
To begin the process, go to the Business Grants Portal website and choose ‘My Grants’ from the drop-down menu. By choosing the Get a New Grant button, you may go through the grant options.
#2 Choose the right corporate sector and award type.
Identifying the industrial site that best matches your company’s demands is crucial throughout this process. As a consequence, Singapore will be able to thoroughly assess and process your application.
Technology, for example, is a critical component of your company that must be upgraded. This might indicate that you need a PSG grant online store for the creation of your business. You must then choose the ‘Pre-scope Productivity Solution.’
#3 Getting the necessary credentials
You must satisfy the requirements specified on this page to be considered for the productivity solutions award. Only if all of the prerequisites are met may you choose ‘Yes.’ These are the same credentials as the ones stated above.
#4 Fill up the fields with the necessary details.
It will then inquire for your contact information as well as other details. If the contact information given is fraudulent or incomplete, disqualification may be enforced. It’s also crucial to provide the contact information for the application’s main point of contact.
#5 Creating and submitting a proposal
You must first submit a proposal to be eligible for the PSG grant online store and to launch an online shop. It would be forced to choose between acquiring equipment and deploying IT solutions as a result of this website. You must choose which of these solutions best suits your needs.
You’ll also need to fill out or fill in the equipment or IT solution’s specifications. You may also pick the vendor who will help you develop your PSG grant online store from this page. Select files should also be utilized to send documents, such as quotations, from the designated sources. After you’ve gone through all of these steps, you’ll need to decide on the ideal location for your deployment.
#6 Expenses
When applying for a government grant to construct an internet website for eCommerce development, you must provide the cost. This will help the Singaporean government figure out which graph is ideal for you.
After completing this application for a government grant for online web development, you will be able to open an online shop. It’s crucial to remember that only accurate and complete information should be shared. False data may harm your company and jeopardize your grant application.
#7 Specifics of the project
In order for agencies to examine the proposal, further information about the project would be necessary. Your project’s entire economic impact, as well as other project details, would need to be mentioned.
Many businesses want to use the government grant for online web, but the competition is stiff. The government of Singapore can guarantee that any contributions made in this area have a major economic effect.
#8 Double-check your application before submitting it.
The last portion of the application is the declaration section. Complete this area and look through your application one more time. In addition, a consent and acknowledgment form must be filled out. Click the submit button after you’ve completed evaluating your application.
Apply now to get your eCommerce website up and running
You might enlist the help of a reputable partner agency to complete this application. Digital Solutions can help you in filing a Productivity Solutions Grant application. Check out our services immediately, and let’s collaborate to build an online shop with the help of a PSG eCommerce development grant.
