Step by step guide to apply PSG (Grant) for POS System (2020)
Updated: Nov 6, 2020
#businessgrantportal #psggrant #smegodigital #imda #vend #possystem
What is productivity solution grant (PSG)
Last update. Feb 24, 2020
For Eats365 PSG, please refer to Ultimate guide to apply PSG for digital food ordering and POS system
More than 500 retailers in Singapore have chosen Vend as their preferred POS system solution to manage and grow their business. Vend is one of the leading retail management and inventory management solutions globally and in Singapore trusted by all sizes of retailers selling from the stores or omnichannel. As the pioneer in revolutionizing retail business with cloud technology, Vend point-of-sale has empowered retailers to overcome many constraints that conventional POS systems unable to do. Find out about the comparison between cloud-based POS and conventional POS in this article.
EISOL has been appointed as a pre-approved ICT vendor (until 16 Jun 2020) to offer a total solution for Vend solution including consultancy, Vend license, POS hardware and training, and support for Vend. We have seen some retailers grow significantly in revenue and able to expand to more outlets and an increase in SKU profiles to their customers. Check out how Singapore retailer did it from the case study for successful retailers.
With the partnership with IMDA and support from Enterprise Singapore, EISOL is offering the following package to SME clients in the retail business.
This article is to help retail SME clients to evaluate the available financing option while adopting proven productivity solutions to grow their business.
Let's get started!
An overview of PSG (Grant) application process
Detail walkthrough for submitting PSG (Grant) application at business grant portal
Detail walkthrough for submitting PSG (Grant) claim at business grant portal (To be available)
Frequently Ask Questions (To be available)
1) An overview of PSG application process
Now you have a good understanding about the PSG (Grant) application process and let's have a look at the important things you should take note while applying for PSG (Grant).
i. Check your eligibility
If you have started a new business or trying to apply PSG (Grant) for your existing stores. Before you start to apply, let's check your eligibility,
Must be a SME
Must be registered in Singapore
Must have 30% local shareholding ownership criteria
Purchase/lease of the equipment must be used in Singapore
ii. Don't do before applying for PSG. Don't!
Made any payment to a supplier, vendor or third party in relation to the purchase/lease of the equipment
Signed any contract with a supplier, vendor or third party in relation to the purchase/lease of the equipment (before the application)