The Singaporean territory is home to a diverse range of enterprises. These companies range in size from large corporations to small and medium-sized businesses. They work in various fields, including engineering, mining, food and beverage production, and even healthcare. This is also why Singapore provides these enterprises with a government grant for online web development.
Singapore recognizes that many firms, tiny and medium-sized firms, require assistance to stay in business. As a result, they provide various initiatives and regulations to assist these enterprises in thriving in Singapore. For example, they give small and medium enterprises a government grant for online web to help them obtain money and assistance in various ways.
If you need assistance from the government, you may apply for a Firstcom eCommerce PSG grant for your online business. Many firms seek these types of awards because they offer several benefits to their operations.
There are many types of grants available in Singapore that are designed to solve various business issues. Startup enterprises, for example, are given financial assistance. There are also incentives available to assist small businesses in connecting with the worldwide market. There are also incentives available to assist companies in adopting new technology improvements.
The government grant for the online web is one of Singapore’s most sought-after brands. This is because a growing number of companies desire to implement technology marketing methods. This post is for you to learn how to apply for and obtain a Firstcom eCommerce PSG grant. First, we’ll go through the various grants available for online websites and how to use them.
Bonus for Digital Resilience
This intends to give further assistance to food and retail enterprises. These two industries have been singled out because they are the ones most affected by the Covid-19 outbreak. In addition, this government grant for online web intends to assist enterprises in various areas in improving their digital capabilities.
Businesses are not required to apply for this award because all qualified companies are eligible to receive a payment of up to $10,000. This payment is in addition to the digitization aid provided under a separate scheme. Depending on the type of solution received, this reward can be divided into three categories.
If your company was awarded a Firstcom eCommerce PSG grant, for example, you could apply for category two under digital solutions. Of course, this is assuming you fulfill the qualifying requirements.
You can apply for or be qualified for more than one category and receive a total bonus of $10,000 if you get all three. The following are the requirements for this type of government grant for online web:
- On or before May 26, 2020, the business entity must have been formed.
- The company has implemented PayNow Corporate and PEPPOL e-invoicing.
- Before June 30, 2021, the organization must have used at least one of the suitable solutions.
The corporate entity would not be required to apply for this instead. Your digital solutions supplier will assess your eligibility on your behalf. The solution provider will be responsible for submitting your organization to the appropriate agencies. A reward will be delivered to your account after your ability has been validated.
Start with the Digital Pack.
The Info-communications Media Development Authority in Singapore created this grant. It is carried out in collaboration with several commercial enterprises and the team to assist various enterprises in SingapoFor example, accounting, digital marketing, digital transactions, cybersecurity, and HR management system and payroll are areas where they may help.
This award isn’t just for starting an online store, but it does provide support for various digital solutions. For example, email and SMS automation and other forms of social media advertising are available to merchants.
Businesses can apply for a maximum of two solutions from the areas mentioned earlier. However, they must test it for at least six months and sign a contract for at least 18 months to be eligible. The following are the requirements for receiving this government grant:
- Only freshly formed small and medium businesses will be considered.
- SMEs who have never used digital solutions or technology before
- Each firm is eligible for one bundle, which includes two solutions.
On the IMDA website, there are pre-approved solutions. However, interested applicants should contact the above-mentioned private partner directly.
Booster bundle for eCommerce
Partnerships with numerous eCommerce platforms such as Shoppe, Amazon, Qoo10, and Lazada Singapore have also made this government award for the online web feasibility. Therefore, interested applicants may select one of these platforms to assist them with various elements.
Product listing fulfillment, advertising and marketing, workshops, product listing, channel management, and content creation are all covered by the grant. These kinds of digital marketing methods are crucial, especially if you’re a small business.
This link can assist you with establishing an online store and obtaining a Firstcom eCommerce PSG grant to help you kick-start your business. You may immediately start listing your products and services and telling your customers about thIn addition, partnering with the aforementioned private eCommerce platforms can assist you in establishing a brand.
This relationship is also advantageous, particularly in a highly competitive sector or economy like Singapore. The alliance can assist the startup in attracting more clients and increasing profits. These private businesses may help them outperform a market and client base that has already been developed.
If you wish to apply for this award, you must meet the following requirements:
- The company must be registered in Singapore and be in operation.
- Locals must own a minimum of 30% of the company’s shares.
- According to the most recent audited report, the company’s yearly turnover should not exceed $100 million.
- A business with more than 200 employees is ineligible.
- Additionally, the business organization should not have an existing account with the chosen eCommerce platform. Interested parties can only apply to one eCommerce platform.
Like the start digital pack, this award allows candidates to submit applications directly to the eCommerce platform of their choice.
Solutions that increase productivity are available.
Enterprise Singapore initiated this grant. Its goal is to assist various merchants in adapting to different IT solutions. These solutions are intended to improve business processes as well as other parts of the company. This help is also available to approved merchants who want to create an online store using the Firstcom eCommerce PSG grant.
This award was established in April 2018 to assist small and medium-sized businesses. Since the outbreak, the pandemic’s financial financing has escalated by much to 80% beyond the original budget. Approved merchants can use this award to establish a Firstcom eCommerce platform and other digital solutions.
IT solutions, consulting services, and IT equipment are among the services it provides. The following are the conditions to be considered if you wish to apply:
- The interested candidate must be a Singapore resident who is registered and functioning in the country.
- The business should be interested in leasing or subscribing to an ic solution or equipment for usage in Singapore.
- The enterprise must have a minimum of 30% local equity for selected solutions.
The application will be submitted through the Singaporean government’s Business Grants Portal. Before applying, keep in mind that they will want an estimate for the IT solution you wish to purchase.
Apply now
Digital Solutions is a pre-approved vendor that may assist you in acquiring various IT solutions and digital equipment for your company. Visit our website to learn more about the awards that are available to you.