Build Website PSG Ecommerce

Key Takeaways

  • PSG stands for Productivity Solutions Grant.
  • It is a government grant by the Singaporean government to encourage local small businesses to invest in new technologies to increase productivity.
  • You can apply for the PSG Grant by contacting a PSG pre-approved vendor and sign a contract. You can then go to businessgrants.gov.sg to file your application.
  • You can only apply for the grant after signing a contract with a pre-approved vendor. However you must not have received the service yet.

Singapore is home to many different kinds of businesses. It has welcomed these businesses and in return, these companies have been the foundation of its strong economy. Companies of all sizes can be found in Singapore. That is why Singapore extends a helping hand (hint: via the PSG Grant), especially to small and medium enterprises.

Singapore helps these businesses by offering health through different kinds of grants. There can be monetary grants or those that involve helping them create website PSG commerce. One of the most in-demand grants is the productivity solutions grant as it covers IT solutions.

IMDA Logo For Singaporean SMEs (PSG Grant)

Please note that Singaporean companies that fall under the “Food Services and Retail” sectors will be supported for up to 80%. This will run from 1 Apr 2022 to 31 Ma 2023 for certain pre-approved solutions. Find out more here.

Note that Singaporean SMEs will also be provided a $10,000 SkillsFuture Enterprise Credit for business or workforce transformations[1]https://www.enterprisejobskills.gov.sg/content/upgrade-skills/sfec.html.

What is PSG?

As mentioned it this is a grant that is focused on technology-based solutions. It was launched back in April 2018 to help businesses such as SMEs in their business journey[2]https://www.straitstimes.com/singapore/singapore-budget-2018-productivity-solutions-grant-among-measures-to-foster-pervasive. It helps companies to adopt new technology-based solutions and strategies.

The productivity solutions grant offers technological solutions, equipment, and even consultancy to help businesses. It aims to improve productivity and align different industry roadmaps with the help of innovations. For example, it helps build website PSG eCommerce software.

The current funding scheme of the productivity solutions grant is up to 70%[3]https://www.enterprisesg.gov.sg/financial-assistance/grants/for-local-companies/productivity-solutions-grant. This current rate can continue until March 31, 2020, and can be used by small and medium enterprises to create website PSG commerce. However, the grant would depend on your company’s grant cap. This cap can be checked Through the business grants portal to verify your current status.

Apply For PSG Grant

Who is eligible to apply?

As the Productivity Solutions Grant is a very comprehensive and helpful grant, there are many businesses who want to apply and avail of this. Below are some of the qualifications that must be met to be eligible for the PSG. The first qualification is for the company to have a Singapore-registered company. The said company should also be operating within the country. The company should also be interested in purchasing IT solutions that will be used in Singapore. For example, if the company wants to build a website PSG eCommerce, it must be used within Singaporean territory.

The interested company must also have a 30% minimum local shareholding. The annual sales should also be less than 100 million or less than 200 employees. The last qualification ensures that grantees or small and medium enterprises are really in need of help. If you meet the qualifications listed above, the new may apply for the grant to help you create website PSG commerce.

How to apply?

#1 Access your account

The first thing that you have to do to apply for the PSG is to access your account in the Business Grants Portal[4]https://www.businessgrants.gov.sg/. This first step would help you acquire the grant and build website PSG eCommerce.

When you are already on the Business Grants Portal website, you have to access the ‘My Grants’ tab to get the process started. By clicking the get the new grant you can access the grant options.

#2 Select the correct business sector and grant type

During this process, it is important to disclose the sector that best fits your business. This way Singapore can properly assess and process your application.

You have to click on the upgrade key business areas such as technology. This can indicate that you need help to build website PSG eCommerce. After this, you have to select the ‘Pre-scope Productivity Solution’

#3 Meeting the eligibility criteria

This page contains the eligibility or qualifications when you want to apply for the productivity solutions grant. You can only choose ‘Yes’ if all given qualifications are met. These qualifications are the same as the ones given above.

#4 Fill in with your correct information

After this, it would ask for your contact details and other information. Inputting false information or contact details can lead to disqualification. It is also important to put the information of the main contact person of the application.

#5 Submitting the proposal

You have to submit a proposal to be eligible and build online store PSG grant. This page on the website would make it choose between equipment or IT solutions. You will have to indicate which of these choices is appropriate for you.

You would also have to fill up or fill in the details of the equipment or IT solution. Choosing the vendor who will help you build website PSG eCommerce is also done on this page. Documents such as quotations from the chosen vendors should also be submitted through the select files button. When all these are filled up in putting the right deployment location is also important.

#6 Costing

The application process would also require you to input the cost when you build online store PSG grant. This would help the Singaporean government determine the right kind of graph for you.

As you fill out this application form to build online store PSG grant. You must always remember that only correct and factual details should be written. Putting false information can jeopardize or compromise your business and grant application.

#7 Details of the project

More information about the project would have to be submitted to help agencies assess the application. Your project’s overall impact on the economy and other details of the project would have to be explained.

There are many businesses who want to build online store PSG grant, the competition when applying for this grant is tight. Through this section, the Singaporean government can ensure that all grantees are those that have a great impact on the economy.

#8 Review your application and submit

The last part of the application would be the declaration section. Complete this section and review your application. You will also be required to fill out the consent and acknowledgment form. Review your application thoroughly and click submit once you are done.

Apply and start building your eCommerce website today

You can have a reliable partner agency to help you through this application. Digital Solutions can guide you in applying for the Productivity Solutions Grant. Check out our services today and let us build online store PSG grant together. Call Digital Solutions at +65 6797 9149.

Thomas LimThomas Lim
04:54 29 Jan 22
I have to admit that working with WLP Digital Ecommerce team has been awesome. Information provided was accurate and responses are very fast. Direction of our F&B company digital marketing campaign are clear and highly result driven. Thank you for driving up our marketing and sales!
sheena tecksheena teck
06:48 09 Jan 22
WLP Digital has a great team that helped me develop my online website for my customers to purchase easily. I have also engage their social media marketing management which has tremendously increase my sales revenue. I like the professionalism of their digital consultant and my digital campaign manager has always provided me with quality data to allow me to plan my marketing strategy with them together. Keep up the great work!
Elizabeth LEEElizabeth LEE
03:14 09 Jan 22
We were novices in term of website design but we were really fortunate to dealt with a professional digital solutions team @ WLP Digital.The project team handheld us through the whole process. They were earnest and prompt in answering all our queries and concerns, and always on hand to offer practical solutions that led to the successful launch of our corporate website. Keep up the great work ! ^^
Khoo Beng hwaKhoo Beng hwa
03:03 09 Jan 22
We had a great time working with the digital solutions team from the WLP Digital. Bryan is well equipped with the professional knowledge needed to clarify all our doubts. Furthermore, we can always obtain prompt responses from him where he is always patient when explaining to us.
chai mok fatchai mok fat
09:45 17 Nov 21
Would love to thank the website developer for their professional service in revamping our website. Our project manager's product knowledge is excellent and is able to offer us good advice on how to enhance our corporate website design and website product listings. She is also very accommodating to some of our technical requests which are out of the norm. Web development stays on schedule and WLP digital ultimately launch our website in a timely manner. Impressive by the web design work and flow!
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