The Productivity Solutions Grant Program is designed to support the start-up business companies that are willing to adopt information technology products and equipment to help their business processes become more efficient and productive.
If you are a start up entrepreneur that wishes to avail this government fund, there are several things that you have to keep in mind before you can apply for it. Read on to find out all that you ought to know about this Productivity Solutions Grant program.
Before you apply for the Productivity Solutions Grant, you have to prepare all the necessary documents and other requirements needed by the government authorities or the agency that is providing the grant. These requirements will include the documents and other information such as your business plan and business feasibility study report.
You have to prepare these documents before you start applying for the government grant. Once you prepare these documents, you will be able to speed up the evaluation of your application.
To apply for the Productivity Solutions Grant, you have to submit a project proposal and related requirements. The project proposal is your application to the Productivity Solutions Grant that shows how your business can bring good results to your areas of operation. The project proposal includes the scope of work that you intend to perform for implementing your productivity solutions grant program on your area of operation. You also have to include the detailed description of the services that you intend to provide to the government entities for furthering your economic growth and improving your productivity. Your projects should also follow the guidelines and standards that will be used by the agencies for evaluating and determining whether your projects can bring positive results for your areas of operation.
Your productivity solutions grant application must be supported by a sound business plan. The project proposal must provide a detailed business plan that will give an estimate of the estimated costs, an analysis on the existing business processes and the expected result of implementing the project, and the other information that will support the evaluation of your application. You have to submit this information along with the application forms so that the evaluation can run smoothly.
There are many kinds of businesses that can apply for the Productivity Solutions Grant, which includes companies involved in the information technology sectors. Information technology companies are those who use computer systems to create and store information. There are many companies who want to hire these IT professionals so they can implement their productivity solutions grant programs to help them improve their businesses.
Some of the companies who can apply for the grants are the Information technology support companies, engineering consulting companies, telecommunications companies, computer manufacturing companies, software development companies, health care research organizations, educational institutions, eCommerce and technology-related companies.
Most of the Productivity Solutions Grants are given to small and medium-sized enterprises (SMEs) so that they can utilize the funds to hire new employees or invest in projects that will boost their competitiveness. For example, many PSG eCommerce grants are being issued. In applying for a Productivity Solutions Grant you have to make sure that you are able to demonstrate the need for the funds and why you need the grant.
You have to also provide the evaluation reports and statistics that will support your claim for the grant. If you are able to show that your proposed activities will really help your company to improve productivity and then you might qualify for the grant. As long as you can convince the authorities that your business needs the grant money, then you should have no trouble getting approved for a long-term digital solutions grant.
Contact WLP Consultants (Digital Solutions) for more information today! We are one of the approved PSG grant vendors in Singapore.