If you are reading this post, there's a good chance you already know about the PSG grant. On the other hand, maybe you're looking forward to reaping the numerous benefits it offers businesses in Singapore. Either way, there is no need to panic, as applying for the PSG grant is undeniably one of the best decisions you can ever make.

In a nutshell, the Productivity Solution Grant (PSG) subsidizes the costs of pre-approved digital solutions by up to 80%. As one of the pre-approved vendors of this grant, you will get a government grant for digital marketing. The PSG aims to support companies that want to scale up or improve their business processes through the adoption of IT solutions.

Before you dive into how to apply for PSG Digital Marketing grant, it is in your best interest to know the eligibility criteria for PSG. To give you the tip of the iceberg, you need to have a Singapore incorporated entity (GST or company registration number). Furthermore, it would help if you were an active business still operational with a Singapore office at the point of application.

You must also be a Singapore citizen, Singapore permanent resident, or Singapore employment/work permit holder. Finally, the company must at least have 30% local shareholding. If you meet these criteria, it pays off to start thinking about the application process.

Now that you already know the PSG grant is a Singapore incentive to help SMEs market, it also pays off to figure out how it is calculated. Each applying company is subjected to an annual grant of S$30,000, supported by the ESG. To calculate how much Singapore grant funding you'll receive, you need to take the service charge quoted and multiply it by 80%.

The PSG grant is just but among the many digital marketing incentive schemes by the Singapore government to businesses. It is highly recommended that you go out of your way and find out more about this grant before giving it a try. Use this as the ideal time to examine the  list of PSG Digital Marketing vendors you can count on at all times. Through this action, you will never be left behind when other organizations take advantage of the PSG grant in Singapore.