Things to Do before Applying for the PSG Grant

Posted by Nick on April 6th, 2022

SME owners in Singapore no longer have to go through a lot before adopting digital solutions. 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.

One of the biggest mistakes you can ever make while applying for this grant is to lie on your application letter or omit some essential facts. Even though you might not find it a big deal, this decision will undoubtedly work against you. Keep in mind that the state authorities distribute the grant. For this reason, they have records and can make follow-ups if they suspect a foul play.

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. 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 for the people of Singapore. That\'s why your company\'s goal should align with the agency\'s mission.

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 PSG grant is, it is not to say you should rush over the application process. Instead, spend some time doing your homework and determining what makes this grant worth opting for.

You can then make up your mind to file the PSG claim. That\'s precisely what you need to get the funding to help propel your small business to greater heights without the hassle.