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Top 7 Government Grants for Singapore Businesses

dev_admin — Tue, 21 Dec 2021 07:54:57 +0000

A lot of businesses are struggling because of the current situation. Some have even opted to close down and as a result, this has been discouraging business aspirants from starting their own businesses during this time.

In this article, we’ll be discussing the 7 best government grants available at the moment.

1. Market Readiness Assistance (MRA) Grant

The first on our list is the grant for small and medium enterprises (SMEs). The Market Readiness Assistance (MRA) grant helps small and medium scale businesses take their business overseas.

The grant covers:

An overseas market promotion coverage at a cap of S$20,000
An overseas business development coverage at a cap of S$50,000
An Overseas market set-up coverage at a cap of S$30,000

However, each application will be limited to one activity in a single overseas market (market entry, or participation in a trade fair)

Criteria for eligibility:

Business must be registered/incorporated in Singapore;
Newmarket entry criteria, i.e. target overseas country whereby the applicant has not exceeded S$100,000 in overseas sales in each of the last three preceding years;
At least 30% of local shareholding;
Group Annual Sales Turnover of not more than S$100 million; OR Company’s Group Employment Size of not more than 200 employees.

Visit here to learn more about this grant.

2. Enterprise Development Grant (EDG)

The overseas venture is definitely important for a business to flourish and this grant does just that. The Enterprise Development Grant (EDG) aims to support projects that help upgrade your business, innovate, or venture overseas under three pillars:

Core Capabilities

Projects under core capabilities help them prepare for growth and improvement by strengthening the business’ foundations.

Market Access

Criteria for eligibility:

Business must be registered/incorporated in Singapore
Be in a financially viable position to start and complete the project
At least 30% of local shareholding

The applications will be assessed by Enterprise Singapore based on project scope, project outcomes, and competency of the service provider.

Check this website out for more details and assistance.

3. Productivity Solutions Grant (PSG)

The first technology favored grant on our list is the Productivity Solutions Grant. Technology isn’t just about high-end and expensive solutions and this grant aims to support companies that need a kick-start, especially those keen on adopting IT solutions and equipment that enhance business processes.

The Productivity Solutions Grant also covers sector-specific solutions like food, retail, logistics, construction and landscaping, and even precision engineering. Cross-industry solutions like customer management, data analytics, financial management, and inventory tracking.

Criteria for eligibility:

Business must be registered/incorporated in Singapore
Purchase/lease/subscription of the IT solutions or equipment must be used in Singapore
Company’s Group annual sales turnover less than S$100 million, OR less than 200 employees
At least 30% of local shareholding

Learn more about PSG here.

4. Land Productivity Grant (LPG)

The Land Productivity Grant is for companies that plan to optimize land use either for domestic or overseas relocation. The grant defrays part of the initial relocation cost and is one-time contribution support.

The funding support for approved projects will vary from 10% to 70%, depending on the amount of land freed up and the remaining lease term.

Qualifying costs:

Relocation costs (i.e. moving existing plant and machinery to the new site)
Third-party consultancy fees for market and location feasibility studies
Manpower cost of the project manager or Singapore-based staff.

Activities supported:

Domestic Relocation
Production model restructuring
Relocation of existing operations
Immediate region relocation

To find out more, visit the website here.

5. Germany-Singapore SME Funding Programme (GSFP)

The GSFP is for Singaporean companies that aim to embark on joint-innovations projects with German companies. These companies will be receiving support by joining the call for proposals for Germany-Singapore technological R&D projects.

The Germany-Singapore SME Funding Programme is a joint effort by Enterprise Singapore and the Federal Ministry for Economic Affairs and Energy (BMWi). They aim to provide access to public funding for selected joint projects.

Also, it aims to encourage the development of ready-to-market solutions for products and technology-based services or processes with strong market potential for Singapore, Germany, and even the international market.

Qualification:

Project consortium must involve at least one Singapore SME and one German SME that are independent of each other;
Each project partner must contribute no more than 70% of the total project contribution;
Business must be registered/incorporated in Singapore;
Be in a financially viable position to start and complete the project;
At least 30% of local shareholding.

The applications will be assessed by Enterprise Singapore based on project scope, project outcomes, and competency of the service provider.

Find out more about this grant here.

6. Singapore-France Joint Innovation Call (SFJIC)

For Singapore companies that plan on embarking on joint innovation projects with French companies, the Singapore-France Join Innovation Call supports participants in a joint call for proposals for Singapore-France technological R&D projects.

Enterprise Singapore and Bpifrance will be providing access to public funding for jointly selected projects. Like the GSFP, It aims to encourage the development of ready-to-market solutions for products and technology-based services or processes with strong market potential for Singapore, France, and the international market.

Qualification:

Project consortium must involve at least one Singapore SME and one French SME that are independent of each other.
Each project partner must contribute no more than 70% of the total project contribution
Business must be registered/incorporated in Singapore
Be in a financially viable position to start and complete the project
At least 30% of local shareholding

The applications will be assessed by Enterprise Singapore based on project scope, project outcomes, and competency of the service provider.Check the official page here.

7. Specialised Cleaning Programme

The last on this list is very timely. The Specialised Cleaning Programme supports small and medium enterprises (SMEs) that have a confirmed COVID-19 case on their premises.

Applying will help defray part of the disinfections costs under the Specialised Cleaning Programme.

The eligible SMEs will be receiving 50% of eligible third-party professional cleaning and disinfection costs, capped at $3,000 per company

Criteria for eligibility:

Business must be registered/incorporated in Singapore
Group Annual Sales Turnover of not more than S$100 million; OR Company’s Group Employment Size of not more than 200 employees
At least 30% of local shareholding

Do you still need help in finding the right grant for your business? We’re here to help!

The post Top 7 Government Grants for Singapore Businesses appeared first on Corsiva Lab Malaysia.

7 Factors for a Successful eCommerce Business

dev_admin — Tue, 21 Dec 2021 07:48:06 +0000

The current market can be a scary place. For the past few years, especially months, we’ve witnessed several companies and businesses we thought were here for the long run. The list includes Dunkin Donuts, Toys “R” Us, and Chuck E. Cheese to name several.

If brick-and-mortar businesses like these are having problems with retaining their success, then how do we, the upcoming online businesses do it?

It might be hard to think about it. However, if your market strategy and your strive for greatness are consistent as a brand and as a business, finding success and growing as a company won’t be impossible.

Remember, hard work will always be outmatched by working smarter and more efficiently. It’s not always the constant hard work that matters, it’s knowing where to work hard in.

In this article, we’ll be discussing 7 factors for a successful eCommerce business.

1. Branding

eCommerce is inherently more competitive than brick-and-mortar stores because you compete against local businesses and international brands. This situation can be your enemy or your foe, depending on how you take advantage of it.

With so many to compete against, establishing your branding is both simple yet complicated. It’s simple because you can choose your branding elements freely. However, entry into the market, even with the best branding, can be difficult.

Remember that your brand is the identity and the heart of your business. It embodies the set of values of your business operation, and most of the time, it indirectly, yet very gravely, influences your sales.

Play your cards right in both the visual and text elements of your brand. Always put your target audience first. Build a brand that’s easy to recognize and is recognizable in a positive light.

Always remember that branding is not limited to visual content. Reputation, relationship, and trust with the customer are also important.

2. SEO

Search engine optimization is part of any eCommerce business. SEO is even more important for local businesses that have transitioned to eCommerce.

It is very important to follow SEO best practices and ensure that you optimize your content. Optimization should include meta tags, meta descriptions, image tags, and other optimizable contents as these are very valuable for your website.

These are the backend of your content which means that only the management can optimize these aspects of your website. However, these are the factors that search engines use in order to find your website. Specifically, once you properly and effectively optimize your website, the easier it is to get more visitors and potentially more sales.

3. Transparency

Transparency is one of the challenges that some eCommerce businesses face. Now that there’s no longer a physical store and there are no longer visible employees, it makes it harder for customers to build a relationship and trust the business.

In hindsight, it’s highly suggested that several steps are taken to ensure that your business feels legitimate and credible, offering quality service or products.

The easiest way to do this is to make sure your contact details are visible all throughout your website or your platform. Another way is to communicate with your customers. Create social media accounts that help you interact with customers more personally and occasionally post updates.

4. Site Navigation for eCommerce Malaysia

Think of site navigation as your physical store. If your store’s entrance looks shady and isn’t welcoming, most people won’t enter. Even if they do enter your store, if they see that you have an unorganized storefront, they’ll most likely leave to look for better places.

Even if you have great products or services, people get discouraged to visit and even make a purchase if your website is cluttered, wonky, or difficult to navigate. Avoid this pitfall and make sure to work with a digital marketing company for eCommerce Malaysia that understands your brand.

Another way is to reinforce your branding and to make sure that processes like carts and checkouts are as straightforward as can be. List your products and provide an option for reviews. Most successful websites also have a real-time chatbox, so add one to your website, too!

5. Corporate Social Responsibility

Businesses that care are sustainable businesses. Businesses that make an effort to make the community better are sustainable enterprises. These are the ones that customers love, especially now that social awareness has become part of the norm.

According to experts, 87% of customers prefer purchasing products or services from brands that care for the community. Therefore, a purpose-driven brand is more accessible to a lot of customers and will most likely get more sales.

Teaming up with organizations or groups that support causes, such as equality campaigns, mental health awareness, and especially environmental advocacies tend to get noticed more. As a result, this helps them build a reputation as a business that cares.

6. Engagement

Boosting engagement amplifies everything else you do as an eCommerce Malaysia business. If you take care of all of the factors above but it isn’t getting noticed, then it’s all for nothing.

Even if you team up with organizations or groups that support causes, even if you’re transparent and responsible, if people don’t hear your message, then you must be doing something wrong.

One of the best ways to get your message through is to engage with your audience. You can do this through self-promotion on social media, paid advertisements, or just engaging with influencers in your industry using your business’s own account.

Instagram, YouTube, Facebook, and even Pinterest are great platforms for boosting engagement. Boosting your engagement through content marketing is very important and drastically affects your sales and even your business’ survival.

7. Voice Search Optimization

Last and quite possibly the most important of all on the list is voice search optimization. Almost every great eCommerce platform now has voice searches, especially when opened in voice search supported platforms such as Google.

According to Webfx.com, voice search generates more than $2 billion in sales. Therefore this very handy addition creates a convenient experience for the customers. The more convenient and user-friendly your platform is, the more likely customers will order.

Although it’s not as popular as the common SEO or Meta Tags, voice search engine optimization has grown quite popular in recent years and has driven over $2 billion in sales, clearly showing promise. In light of this, there’s clearly nowhere to go but up and what better choice is it than to get started early and optimize your site for voice search.

If you’re ready to build and succeed with your eCommerce Malaysia, work with an eCommerce team today and be on top!

The post 7 Factors for a Successful eCommerce Business appeared first on Corsiva Lab Malaysia.

8 Tell-Signs You Need to Your Change eCommerce Platform Now

dev_admin — Tue, 21 Dec 2021 07:36:17 +0000

If you’ve been in the e-commerce business for a while now, you know that re-platforming is a common occurrence that cannot be stopped. All companies start with a website that suits their needs for the time being. However, as technology and trends begin to evolve, so should your website.

Re-platforming doesn’t have to end in a bitter goodbye! It’s just a necessary step to becoming better and is a sign that your business is getting more and more successful. But, do you know when it is time to wave farewell to your current website?

Re-platforming can be an expensive endeavor, so make sure that your money doesn’t go to waste. Here are some telltale signs that you should upgrade your e-commerce website!

Don’t Rely On Age & Sunk Cost!

Using the website’s age as a factor when they should replace it is a mistake that we see many businesses doing. Sometimes, a website could be running with only minor adjustments done to it and still be doing well with a high conversion rate. Simultaneously, a website that has been up for two years could be up for replacement because of a multitude of ease of access issues and low conversion rates.

Businesses also tend to fixate a lot on sunk costs. Clutching on to a website that has fallen into obscurity just because they’ve invested heavily on the platform. Trying to milk out as much money as possible on a website that has already long passed its due will only hurt your business even more in the long run.

Try to avoid these common mistakes, and think progressively!

Weak Website Optimization

This is a sign that you should definitely keep an eye on. Take a second to visit your website and count how much time passes before it can fully load each page. Does it take seconds? Or do you have to sit through a blank white screen for a solid minute before you can even get to the site’s home page?

Research made at Google found out that more than 50% of shoppers and potential customers will leave a site if it doesn’t fully load up within the first 3-5 seconds! If your site is one of the unlucky snails that get left behind, you’re going to want to make the switch immediately!

Keep an eye out on any unnecessary junk code, JavaScript issues, overuse of images, or bad hosting when building your next site, and save yourself the hassle of having to wait for ages before you can load up!

Severe Lack of Features

A lot of merchants and businesses that are just starting will opt to use inexpensive platforms when it comes to building their first website. Although this could work in some instances, it’s mostly going to be a burden when your business slowly grows larger and larger.

Most free and or cheap platforms that offer you basic features to run a store just aren’t enough. Having too few features for you and your customers to have access to is a disaster waiting to happen!

Outdated Software or Features

The only thing worse than having limited features is having outdated features and software on your website. Your store’s functionality depends on the software and features that you add in, and since we aren’t living in the early 90s anymore, make sure that your software is updated and useful by today’s standards!

Use of accessibility features such as live chat or even a search bar functionality can bump up your business website by a lot, and if you don’t already have that, then you should probably get an upgrade!

Over-Maintenance

Is your dev team having trouble with fixing the many bugs that are on your website? You should probably abandon the ship and begin developing a new website for your business if they are. The money and time you waste on fixing bugs on your software structure will not get you anywhere.

Having bugs on your website is normal, but if you’re spending hours upon hours of your time each day just to fix bugs that result in more bugs is unacceptable and a waste of resources. If bug fixing replaces innovation for your development team, that’s a big red flag that you should definitely not ignore!

Limited Site Capacity

A lot of platforms out there offer unlimited products, variations, and even orders. So if you’re getting ticked off because you have to bump up your store’s limits every few months, note that there are e-commerce platforms that offer loads of different features for no additional costs!

Some even offer product configurators that can help your users design and customize their own products.

Integration Issues

Businesses have different platforms and sales channels that they work with all the time. Any delay between the integration of data back and forth each track will have a massive impact on how your business functions and operates.

Unfortunately, each e-commerce platform has a different way of dealing with integration across multiple channels. The difference includes everything speed of data transfer, data security and storage, down to the functionality. Another important difference to consider are the cost and inclusions of the various platforms.

If you’re having trouble with data integration on the website and platform that you currently have, consider re-platforming.

Poor Customer Experience—Horrible Ease of Access

Put yourself in the shoes of your customers, zoom out for a sec, and see it from their perspective. If your website can satisfy you and allow you to look for what you want without a hitch, your site is still good to go.

However, if you’re having issues with ease of access, it’s time to start brainstorming on your website revamp. The customer’s experience is the driving force when it comes to the success of an e-commerce website. If you can’t give your customers a smooth and enjoyable experience when browsing your site, it’s time for you to get an update and find a platform that can provide your customers the treatment that they deserve!

The post 8 Tell-Signs You Need to Your Change eCommerce Platform Now appeared first on Corsiva Lab Malaysia.

Finding The Perfect Web Design Agency: What Works for You?

dev_admin — Tue, 21 Dec 2021 07:24:00 +0000

Web design agencies Singapore and in all other places have been the norm for quite a lot of businesses that have taken their market online. These teams and agencies are helping businesses make their own websites for online transactions, advertisements, announcements, and other things they want to accomplish have grown quite a lot.

The number of websites owned by businesses looking for people who can build, workaround, and essentially design their interface and how their websites look has grown. This high rate of demand has resulted in a lot of Web Design Agencies surfacing.

Obviously, as a business, we’d want the best for our business and most especially our websites. We know how important quality is and that includes maintaining a very attractive website without compromise.

To ensure that you pick the right web design agency Singapore that will be able to provide you with all of those and what your specific requirements are, we wrote this article.

Understanding Your Needs

Aside from the general needs like a user-friendly and accessible website, each business has different specific requirements for websites. Not everyone needs an interface where they can place orders online, and some websites are merely just for getting the word out there.

You need to set out all your different requirements. If you need a Web Design Agency that specializes in intensive customer/visitor interaction, make sure that your agency knows it.

If you need an agency with solid graphic designers who can work with a lot of images and shuffle them throughout your website’s gallery, there are a lot that specializes on that especially Web Design Agencies in Singapore.

Make sure that you are being specific enough when looking for a Web Design Agency online, or even locally. Tell them what you need and make sure they can do it for you.

Allotting a Budget for Web Design Agency Singapore

Allotting a budget before negotiating and entertaining proposals from Web Design Agencies is very important. It’s highly suggested that you set a limit and a range of how much you’re willing to stretch your budget.

Before you set out your budget, it’s important that you check out several options beforehand, so you know what the rate of Web Design Agencies and designers are in your local area. To see what the ranges are, we suggest that you visit several agencies online or locally.

Setting Your Standards

Not everyone has the same standards when it comes to their websites. Not everyone needs their websites to be as interactive and flashy as others. Considering the fact that a flashier and more intricate website with more interactions cost more, you may need to stick to what your budget can get you.

Don’t worry, though, not every website needs very many buttons and interactive spaces. In fact, research has pointed out that the more complicated and intricate webpages are for Restaurants, Cafe’s, and other product selling businesses, the fewer interactions they get.

In short, simplicity is the key. Unless of course, you need a website with a lot of interactions, a simple and minimalistic looking website design and layout will do the trick for you. Not only will it save you money, but it will also be easier for your customers, and your website will be bound to get more visits.

Checking their Portfolios

Every agency that is professional and competent is bound to have a portfolio of their previous works and even current works. These will surely show you what you’re signing up for.

Before deciding on working with a team, looking at their previous works is one of the most optimum to do, if you see works that are very convincing and fit the aesthetic and goals you have in mind, then you can start talking about the details and intricacies of your project.

Never forget to check their Portfolios. Make sure to look at them objectively and don’t shrug off works just because you aren’t in agreement with the designs. Check out a few of their works to see if they’re versatile enough to handle your website.

Weighing Out Your Options

When weighing out your options, keep in mind things like your budget constraints, how professional the agency is, the portfolio, previous work, and feedback from previous customers if you can get their comments.

Always think of what you want to prioritize. Are you willing to sacrifice more money and stretch your budget to get your desired quality? Are you willing to sacrifice some of the quality (the graphic design or interaction interface) so you can stick to your budget? Bear that in mind when making the decision.

In some cases, you get confused because two agencies are offering you very convincing proposals, but you have to pick one. This is where the deal-breaker comes in. Try to settle for a lower price, or a faster and more well-made website and see who accepts the deal.

However, always remember, these agencies are also businesses that need to thrive. Don’t take them for granted, and if they’re offering good quality work, try to respect their price as much as you can.

Interacting with your Agency

The last and final step to deciding what Web Design Agency you’ll be trusting to handle your website is interacting with them. An agency’s work ethic can often be seen in how they handle their customers. If they’re very accommodating and understanding, especially with your demands, chances are, they will get you good results.

Observe how quickly they reply to your emails, or how they deal with your requests for the proposal, if you like how they accommodate you, this can be one of the factors you take into consideration. Remember, a good work relationship with your web design agency allows your website designing and building to be smooth sailing. This means that you’ll have more time to deal with other important aspects of your business.

With all of that being said, if you like a certain Web Design Agency aside from how they approach designing and developing or how they cater to your business’ needs, it’s completely up to you to decide if you want to pick them over others. Always be open-minded and objective when choosing an option. Remember, this isn’t just for you, but it’s also for your business.

The post Finding The Perfect Web Design Agency: What Works for You? appeared first on Corsiva Lab Malaysia.

5 Productivity Solutions Grant for eCommerce Business

dev_admin — Sat, 18 Dec 2021 05:37:18 +0000

Being technologically ahead is not about having the most expensive equipment and the fanciest setups. It’s not all about the aesthetics and high prices when it comes to technology. Starting off your technological journey can be as simple as automating existing processes in your company to improve your overall productivity!

Improving business productivity is the goal of the Productivity Solutions Grant (PSG). The PSG aims to support companies keen on adopting IT solutions and equipment to optimize business processes!

Think you fit the criteria? Learn more about the Productivity Solutions Grant below!

Productivity Solutions Grant Coverage

Businesses that include provide support to various industries. These industries include construction, food, landscaping, logistics, precision engineering, and retail industry are covered by the Productivity Solutions Grant. Nonetheless, for different sectors and for non-sector-specific industries, PSF can also provide various support such as data and inventory analytics and tracking and customer management. Adopting solutions that cut across most industries is also something that PSG supports!

Innovating from both the micro-level and macro-level not only ensures that your processes become more efficient—but they also ensure that your clients won’t have to face any delays when asking for your services. As long as your IT solution increases the efficiency of a process, the productivity solutions grant will cover it!

Supporting Innovation

The productivity solutions grant isn’t just supporting companies that can think of a means to boost productivity, but they also encourage innovation. Providing resources to those who can improve the way multiple industries function is the goal of the PSG.

Various government agencies have pre-scoped these IT solutions—some examples are Enterprise Singapore, the National Environmental Agency (NEA), and even the Singapore Tourism Board (STB)!

Encouraging Going Digital

The recent enhancement of the productivity solutions grant is the stepping stone towards getting most, if not all, enterprises to go digital. Encouraging enterprises to continue their pursuit towards digitalization will do wonders towards the progression of business efficiency in the future!

Through the continued upgrading efforts of companies to further optimize their workplace productivity using technology, more and more methods to boost efficiency will be developed. With the maximum funding support of PSG being raised to 80% the realm of opportunities has only become wider and easier to explore.

The merit of digitizing aspects of what keeps a company going is incredible. Keeping data has suddenly become more relaxed while also being safer. Managing appointments and managing client information has become seamless. Even getting access to company analytics on sales, productivity, or efficiency has become smooth and hassle-free!

Productivity Solutions Grant Eligibility

Gaining eligibility to apply for the productivity and solutions grant is quick and hassle-free. As long as your SME can meet the criteria listed below, they can apply for PSG:

Your SME must be registered and operating in Singapore
The SME must have a minimum of 30% of the local shareholding
The company’s group annual sales turnover must be less than S$100 million
Must have less than 200 employees (for specific solutions only)
The purchase, subscription, or lease of IT solutions or equipment can only be put to use in Singapore

Eligible employers who also fit the criteria listed below have the opportunity to qualify for additional subsidies under the Skills Future Enterprise Credits (SFEC) scheme:

Must not have been able to qualify for SFEC at any earlier periods in their career
Contributed S$750 minimum for Skills Development Levy over the period in which they qualified
Employed three Singapore Citizens (SCs) minimum or Permanent Residents monthly over the qualifying period

If you fit any of the criteria mentioned above, you will be eligible to apply for the productivity solutions grant!

Applying for the Productivity Solutions Grant

Once you verify that your company is eligible to apply for the productivity solutions grant, all that’s left to do is go ahead and sign up. Here are the steps that you might need to take when applying for the productivity solutions grant:

Visit the GoBusiness Gov Assist website
Browse the list of supportable solutions and find out which relevant solutions suit your business needs
If you’re in need of IT solutions, get a quotation from a pre-approved vendor
If you’re in need of tech and equipment, you have to source for the equipment and get a quotation from the vendor
Submit your application for the PSG on the Business Grants Portal (BGP)

Be sure to register for a CorpPass account for full access to the transaction processes on the portal!

Step by Step Guide to Applying for a Productivity Solutions Grant

Using your CorpPass account, log in to the BGP.
Go to the “My Grants” tab and select “Get a new grant.”
Afterward, select your business sector and the grant type you want to apply for (make sure to choose a sector that best describes your business!)
Check if your business is eligible and hit “yes” if you meet the criteria
Fill in the details for the primary contact person and the letter of offer addressee details.
Fill up your proposal by indicating whether you need equipment or an IT solution, select the vendor and details of the solution, and fill in the deployment location (don’t forget to upload the quotation from the vendor by clicking “select files”).
Indicate the cost of the project.
Explain the business impact that the proposal will have. Elaborate on the overall positive results that this will have on your company and the productivity gains.
Review your application.
Read through the consent & acknowledgment.
Accept the terms of consent and click “submit.”

Companies can request more than one Productivity Solutions Grant application based on what their business needs. However, companies are limited to one package per solution category for one deployment location. If a requested IT solution is attempted for deployment at the same location more than once—the application will be subject to rejection.

Productivity Solutions Grant—Helping Businesses Evolve

The Productivity Solutions Grant is a step in the right direction for businesses around the world. Incentivizing companies to keep their processes digitized and efficient will improve their overall productivity by a large margin!

At a time like this, when technology is everything, keeping up with the trend and adapting is what will keep your business thriving.

The post 5 Productivity Solutions Grant for eCommerce Business appeared first on Corsiva Lab Malaysia.

4 Productivity Solutions Grant for eCommerce Business

dev_admin — Sat, 18 Dec 2021 05:37:09 +0000

Improving business productivity is the goal of the Productivity Solutions Grant (PSG). The PSG aims to support companies keen on adopting IT solutions and equipment to optimize business processes!

Think you fit the criteria? Learn more about the Productivity Solutions Grant below!

Productivity Solutions Grant Coverage

Supporting Innovation

Various government agencies have pre-scoped these IT solutions—some examples are Enterprise Singapore, the National Environmental Agency (NEA), and even the Singapore Tourism Board (STB)!

Encouraging Going Digital

Productivity Solutions Grant Eligibility

Gaining eligibility to apply for the productivity and solutions grant is quick and hassle-free. As long as your SME can meet the criteria listed below, they can apply for PSG:

Your SME must be registered and operating in Singapore
The SME must have a minimum of 30% of the local shareholding
The company’s group annual sales turnover must be less than S$100 million
Must have less than 200 employees (for specific solutions only)
The purchase, subscription, or lease of IT solutions or equipment can only be put to use in Singapore

Eligible employers who also fit the criteria listed below have the opportunity to qualify for additional subsidies under the Skills Future Enterprise Credits (SFEC) scheme:

Must not have been able to qualify for SFEC at any earlier periods in their career
Contributed S$750 minimum for Skills Development Levy over the period in which they qualified
Employed three Singapore Citizens (SCs) minimum or Permanent Residents monthly over the qualifying period

If you fit any of the criteria mentioned above, you will be eligible to apply for the productivity solutions grant!

Applying for the Productivity Solutions Grant

Visit the GoBusiness Gov Assist website
Browse the list of supportable solutions and find out which relevant solutions suit your business needs
If you’re in need of IT solutions, get a quotation from a pre-approved vendor
If you’re in need of tech and equipment, you have to source for the equipment and get a quotation from the vendor
Submit your application for the PSG on the Business Grants Portal (BGP)

Be sure to register for a CorpPass account for full access to the transaction processes on the portal!

Step by Step Guide to Applying for a Productivity Solutions Grant

Using your CorpPass account, log in to the BGP.
Go to the “My Grants” tab and select “Get a new grant.”
Afterward, select your business sector and the grant type you want to apply for (make sure to choose a sector that best describes your business!)
Check if your business is eligible and hit “yes” if you meet the criteria
Fill in the details for the primary contact person and the letter of offer addressee details.
Fill up your proposal by indicating whether you need equipment or an IT solution, select the vendor and details of the solution, and fill in the deployment location (don’t forget to upload the quotation from the vendor by clicking “select files”).
Indicate the cost of the project.
Explain the business impact that the proposal will have. Elaborate on the overall positive results that this will have on your company and the productivity gains.
Review your application.
Read through the consent & acknowledgment.
Accept the terms of consent and click “submit.”

Productivity Solutions Grant—Helping Businesses Evolve

At a time like this, when technology is everything, keeping up with the trend and adapting is what will keep your business thriving.

The post 4 Productivity Solutions Grant for eCommerce Business appeared first on Corsiva Lab Malaysia.

3 Productivity Solutions Grant for eCommerce Business

dev_admin — Sat, 18 Dec 2021 05:36:59 +0000

Improving business productivity is the goal of the Productivity Solutions Grant (PSG). The PSG aims to support companies keen on adopting IT solutions and equipment to optimize business processes!

Think you fit the criteria? Learn more about the Productivity Solutions Grant below!

Productivity Solutions Grant Coverage

Supporting Innovation

Various government agencies have pre-scoped these IT solutions—some examples are Enterprise Singapore, the National Environmental Agency (NEA), and even the Singapore Tourism Board (STB)!

Encouraging Going Digital

Productivity Solutions Grant Eligibility

Gaining eligibility to apply for the productivity and solutions grant is quick and hassle-free. As long as your SME can meet the criteria listed below, they can apply for PSG:

Your SME must be registered and operating in Singapore
The SME must have a minimum of 30% of the local shareholding
The company’s group annual sales turnover must be less than S$100 million
Must have less than 200 employees (for specific solutions only)
The purchase, subscription, or lease of IT solutions or equipment can only be put to use in Singapore

Eligible employers who also fit the criteria listed below have the opportunity to qualify for additional subsidies under the Skills Future Enterprise Credits (SFEC) scheme:

Must not have been able to qualify for SFEC at any earlier periods in their career
Contributed S$750 minimum for Skills Development Levy over the period in which they qualified
Employed three Singapore Citizens (SCs) minimum or Permanent Residents monthly over the qualifying period

If you fit any of the criteria mentioned above, you will be eligible to apply for the productivity solutions grant!

Applying for the Productivity Solutions Grant

Visit the GoBusiness Gov Assist website
Browse the list of supportable solutions and find out which relevant solutions suit your business needs
If you’re in need of IT solutions, get a quotation from a pre-approved vendor
If you’re in need of tech and equipment, you have to source for the equipment and get a quotation from the vendor
Submit your application for the PSG on the Business Grants Portal (BGP)

Be sure to register for a CorpPass account for full access to the transaction processes on the portal!

Step by Step Guide to Applying for a Productivity Solutions Grant

Using your CorpPass account, log in to the BGP.
Go to the “My Grants” tab and select “Get a new grant.”
Afterward, select your business sector and the grant type you want to apply for (make sure to choose a sector that best describes your business!)
Check if your business is eligible and hit “yes” if you meet the criteria
Fill in the details for the primary contact person and the letter of offer addressee details.
Fill up your proposal by indicating whether you need equipment or an IT solution, select the vendor and details of the solution, and fill in the deployment location (don’t forget to upload the quotation from the vendor by clicking “select files”).
Indicate the cost of the project.
Explain the business impact that the proposal will have. Elaborate on the overall positive results that this will have on your company and the productivity gains.
Review your application.
Read through the consent & acknowledgment.
Accept the terms of consent and click “submit.”

Productivity Solutions Grant—Helping Businesses Evolve

At a time like this, when technology is everything, keeping up with the trend and adapting is what will keep your business thriving.

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