SME owners in Singapore no longer have to go through a lot before they finally adopt digital solutions. And this is easy to see why since the Singapore government is right beside them equipping them with the tools and support they need to succeed. This is possible as they offer different grants to help SMEs navigate trying times.
Some of the most notable ones include the Capability Development Grant (CDG), the Innovation & Capability Voucher (IVC), the Productivity-Max (P-Max) Programme, and many more. Well, today we are going to talk about the productivity solutions grant (PSG). To increase your chances of landing the financing, you need to get things right from start to finish.
Below are some of the things you can do to increase your chances of getting the PSG grant in Singapore without going through a lot.
Don’t Lie or Omit Facts
One of the biggest mistakes you can ever make while applying for this grant is to lie on your application letter or simply omit some important facts. Even though you might not find it to be a big deal, this decision will certainly work against you. Keep in mind the state authorities distribute the grant. For this reason, they have records and can make follow-ups if they suspect a foul play.
Have the Perfect Idea
While you might meet the set PSG grant eligibility, this is not a guarantee that you will end up getting the financing you desperately need. For you to increase your chances of getting the funding, you need, ensure your idea contributes to the country’s economic growth and development. Remember, the end goal of this grant is to create job opportunities to the people of Singapore. That’s why you company’s goal should align with the agency’s mission.
The Bottom Line
There you have it, some of the things you can do to increase your chances of getting the PSG grant in Singapore. Just because you already know what is PSG grant, it is not to say you should rush over the application process. Be sure to spend some time doing your homework and determine what makes this grant worth opting for.
It is then that you can make up your mind to file the PSG claim. That’s precisely what you need to get the funding you need to help propel your small business to greater heights without the hassle.
Lina Mark is the Partner and Editor-In-Chief at Keulj.us. She loves technology and is always hooked on new technology in the market. You will often find her browsing the web for interesting content (mostly sci-fi and tech). She is addicted to movies (mainly action) and loves to read interesting books every once in a while.