Grants for Local SME in Singapore Support Schemes for Businesses Government Assistance Digitise My Business Productivity Solutions Grant Business Grants
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Grants for Local SME in Singapore Support Schemes for Businesses Government Assistance Digitise My Business Productivity Solutions Grant Business Grants
CHOICECYCLE CCTV offer the best solutions Grants for Local SME in Singapore Support Schemes for Businesses Government Assistance.
Digitise My Business Productivity Solutions Grant Business Grants
In Singapore, there are various grants and support schemes available for local SMEs and businesses to help them enhance productivity.
In Singapore, the most popular grants and support schemes for local SMEs (Small and Medium Enterprises) are designed to help businesses grow, innovate, and improve productivity. Here are some of the key grants and support schemes available:
Most Popular Grant for Local SMEs
- Productivity Solutions Grant (PSG):
- Overview: The PSG is one of the most popular grants in Singapore, aimed at helping SMEs adopt IT solutions and equipment to enhance business processes.
- Eligibility: Open to SMEs in various sectors, including retail, food, logistics, and more.
- Support: Provides funding for pre-approved productivity solutions, covering up to 80% of qualifying costs.
Other Key Grants and Support Schemes
- Enterprise Development Grant (EDG):
- Overview: The EDG supports projects that help businesses grow and transform in areas such as core capabilities, innovation, and market access.
- Eligibility: SMEs registered and operating in Singapore with at least 30% local shareholding.
- Support: Covers up to 80% of qualifying project costs.
- SMEs Go Digital Programme:
- Overview: This program supports SMEs in adopting digital technologies to improve their productivity and competitiveness.
- Eligibility: SMEs in various sectors looking to digitize their operations.
- Support: Provides funding for the adoption of digital solutions and access to industry digital plans.
- Startup SG:
- Overview: Startup SG provides various forms of support for startups, including equity financing, mentorship, and business grants.
- Eligibility: Early-stage startups in Singapore.
- Support: Various schemes under Startup SG cater to different needs, such as Startup SG Founder, Startup SG Tech, and more.
- Market Readiness Assistance (MRA) Grant:
- Overview: The MRA grant helps SMEs expand their businesses overseas by providing support for activities such as market research, business matching, and overseas marketing.
- Eligibility: SMEs with global expansion plans.
- Support: Covers up to 70% of qualifying costs, capped at S$100,000 per company per new market.
- SkillsFuture Enterprise Credit (SFEC):
- Overview: The SFEC aims to encourage employers to invest in enterprise transformation and capabilities of their employees.
- Eligibility: Employers who have contributed to Skills Development Levy (SDL) and have at least three local employees.
- Support: Provides a one-off credit of up to S$10,000 to cover up to 90% of out-of-pocket expenses on qualifying costs for supportable programs.
Government Assistance and Support Schemes
- Business Grants Portal:
- Overview: The Business Grants Portal simplifies the application process for various government grants, making it easier for businesses to access funding.
- Functionality: Provides a single platform for businesses to apply for grants from different government agencies.
- Digital Resilience Bonus (DRB):
- Overview: The DRB supports F&B and retail businesses in adopting digital solutions to strengthen their digital capabilities.
- Eligibility: F&B and retail businesses registered and operating in Singapore.
- Support: Provides cash bonuses for the adoption of pre-defined digital solutions.
Digitise My Business
- Digitise My Business: This is part of broader digitalization efforts by various agencies, such as the Infocomm Media Development Authority (IMDA), to help businesses adopt digital technologies. It includes various initiatives like the PSG, SMEs Go Digital, and other digital transformation support programs.
These grants and support schemes collectively help Singaporean SMEs enhance productivity, innovate, and expand both locally and globally. The Productivity Solutions Grant (PSG) stands out as particularly popular due to its broad applicability and significant funding support.
Adopt technology, and expand their operations. Here are some notable ones:
- Productivity Solutions Grant (PSG): PSG supports businesses in adopting IT solutions and equipment to enhance productivity.
It covers sectors like retail, food, logistics, precision engineering, construction, and landscaping. - Enterprise Development Grant (EDG): This grant helps businesses upgrade capabilities, innovate, or internationalize.
It supports projects that strengthen businesses’ core capabilities, innovation, productivity, and access to overseas markets. - Market Readiness Assistance (MRA) Grant:
The MRA Grant supports businesses in their overseas expansion efforts by providing funding for activities.
Like market assessment, market entry, and overseas market promotion. - SkillsFuture Enterprise Credit (SFEC): SFEC encourages employers to invest in the upskilling and training of their employees.
Eligible employers receive a one-off credit of S$10,000 to cover up to 90% of out-of-pocket expenses. - Enhanced iSPRINT (Integrated SME Payroll & HRMS Grant) by IMDA:
Aimed at helping businesses adopt digital solutions, this grant supports the implementation of HR Management Systems and Payroll software. - SMEs Go Digital Program:
Managed by IMDA, this program assists SMEs in the adoption of digital solutions for specific sectors.
Like retail, food services, logistics, precision engineering, and construction. - Startup SG Founder:
Specifically for startups, this grant provides support for entrepreneurs in areas.
Such as mentorship, startup capital grant, and business networks.
These grants and schemes might have specific eligibility criteria, application processes, and funding limits. It’s advisable to check with the respective government agencies or visit their websites for the most updated information and details on how to apply.
To check eligibility of Business Grant, please let us know your 1. Company Name, 2. Email Address and 3. Whatsapp Mobile Number to Whatsapp 98534404
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Grants for Local SME in Singapore Support Schemes for Businesses Government Assistance Digitise My Business Productivity Solutions Grant Business Grants
Hiring a consultant for grant applications can be beneficial, but it’s not always necessary. Whether you need a consultant depends on various factors:
- Complexity of the Grant: Some grants have intricate application processes, extensive documentation requirements, or specific technical elements.
In such cases, a consultant with experience in grant applications can streamline the process and ensure compliance. - Expertise and Experience:
If you or your team lack experience in grant writing or navigating the grant application process a consultant’s expertise can be valuable.
They can help craft a strong proposal, identify suitable grants, and maximize your chances of success. - Time and Resources: Applying for grants can be time-consuming.
If your business lacks the resources or time to dedicate to the application process.
A consultant can take on this responsibility, allowing you to focus on running your business. - Networking and Insights: Consultants often have networks and insights into available grants and how to approach them.
They may have connections within funding organizations or insights into successful strategies.
However, it’s important to consider the cost-benefit aspect of hiring a consultant.
Their fees can vary, and it might not always be feasible for small businesses or startups with limited budgets.
If you decide not to hire a consultant, there are resources available to help you navigate the grant application process:
- Online Resources: Many grant portals and government websites offer guidance, FAQs, and resources to assist applicants through the process.
- Workshops and Training: Some organizations conduct workshops or provide training sessions on grant writing and application procedures. These can help you understand the process better.
- Networking and Collaboration: Engaging with other businesses or professionals who have successfully secured grants can provide insights and tips for the application process.
Grants for Local SME in Singapore Support Schemes for Businesses Government Assistance Digitise My Business Productivity Solutions Grant Business Grants
3. Productivity Solutions Grant (PSG)
The Productivity Solutions Grant (PSG) supports companies keen on adopting IT solutions and equipment to enhance business processes.
As announced in Supplementary Budget 2020, the PSG will provide subsidies of up to 80% for SMEs (from 1 April 2020 to 31 December 2020).
That adopt digital solutions pre-approved by the Infocomm Media Development Authority (IMDA).
SMEs can apply for PSG if they meet the following criteria:
- Registered and operating in Singapore
- Purchase/lease/subscription of the IT solutions or equipment must be used in Singapore
- Have a minimum of 30% local shareholding; with Company’s Group annual sales turnover less than S$100 million.
OR less than 200 employers (for selected solutions only)
4. Start digital
Start Digital was launched by the Infocomm Media Development Authority (IMDA) and Enterprise Singapore.
As part of the SMEs Go Digital programme, to enable new SMEs to get a head start in going digital.
New SMEs can select any two free foundational digital solutions from five categories of core business functions:
- Accounting
- Human Resource Management System & Payroll
- Digital Marketing
- Digital Transactions
- Cybersecurity.
These SMEs will need to commit to a minimum period of 18 months, with costs waived for the first six months.
Grants for Local SME in Singapore Support Schemes for Businesses Government Assistance Digitise My Business Productivity Solutions Grant Business Grants
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Introduction:
Are you looking for a reliable security system for your home or business?
Security cameras are one of the most important components of any security system.
With the right security camera, you can monitor your property and protect your family, employees, and customers.
In Singapore, there are many security camera brands to choose from, such as Hikvision, Dahua, and Intercom Door Access.
In this blog post, we’ll discuss the best price security camera Singapore Hikvision Dahua Intercom Door Access.
Hikvision
Hikvision is one of the leading security camera brands in Singapore.
They offer a range of high-quality cameras with features such as night vision, motion detection, and two-way audio.
The cameras are also easy to install and offer remote access.
Hikvision cameras are reliable and cost-effective, making them a great choice for any security system.
Dahua
Dahua is another popular security camera brand in Singapore.
Their cameras are known for their excellent image quality and features such as facial recognition, motion detection, and two-way audio.
Dahua cameras are also easy to install and offer remote access. They are a great choice for both home and business security systems.
Intercom Door Access
Intercom Door Access is a great option for those looking for a reliable and cost-effective security system.
Their cameras are easy to install and offer features such as two-way audio, motion detection, and facial recognition.
They also offer remote access and are compatible with most security systems.
Cost
When it comes to cost, Hikvision and Dahua cameras are generally more affordable than Intercom Door Access cameras.
However, they offer more features and are more reliable.
Intercom Door Access cameras are a great option for those on a budget, as they are more affordable and still offer good quality.
Conclusion
When it comes to choosing the best price security camera Singapore Hikvision Dahua Intercom Door Access.
It is important to consider your needs and budget.
All three brands offer reliable and cost-effective cameras. Hikvision and Dahua cameras offer more features and are more reliable.
Intercom Door Access cameras are a great option for those on a budget, as they are more affordable and still offer good quality.
Grants for Local SME in Singapore Support Schemes for Businesses Government Assistance Digitise My Business Productivity Solutions Grant Business Grants
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