As the world goes digital, you can never risk skimping on this if your business is to remain successful. Actually, incorporating digital solutions in your business not only helps increase revenue but it also goes a long way in making sure your business stands out from the crowd. But for things to turn out how you expect, you need to have adequate financing.
But what if your business is running on a tight budget? Well, there is nothing to worry about since you can now take advantage of digital marketing grants. For those who might not know, these grants are available for SMEs to help with their digital transformation. In this post, we’ve compiled some of the popular digital marketing grants available in Singapore.
Productivity Solutions Grant (PSG)
The productivity solutions grant PSG helps SMEs interested in implementing digital solutions and equipment to improve their business operations. Actually, this grant subsidizes the costs of pre-approved digital solutions by up to 70%. Provided you count on a reputable pre-approved vendor for this grant, you can enjoy digital marketing solutions at a significant discount.
You ought to keep in mind that the PSG enterprise Singapore grant supports companies that want to scale up or improve their business processes by adopting IT solutions. With up to 70% PSG funding support, the grant serves as the perfect avenue for Singapore-based companies to adopt more cost-efficient and productive business methods.
Enterprise Development Grant (EDG)
Aside from the PSG Singapore grant, you can also decide to take advantage of the Enterprise Development Grant (EDG) that helps Singaporean businesses in growing and modernizing core capabilities. This is mostly the case for firms under Business Strategy Development or Strategic Brand and Marketing Development. You ought to keep in mind that the ESG PSG grant supports project costs that meet certain criteria such as third-party consulting fees, software and equipment, and internal personnel costs.
The Bottom Line
Digital marketing grants in Singapore continue to attract the attention of most SMEs. And this doesn’t come as a surprise since they help them adopt IT solutions that drive business growth. Whether you decide to go with the PSG solution, Enterprise Development Grant (EDG) or the Start Digital Pack grant, it is in your best interest to do your homework before settling on one. That way, you can rest knowing you’re counting on the best digital marketing grant for your business.
