Singapore offers several grant options for businesses. Two of the most popular are EDG and PSG. Here's how to choose the right one for your needs.
Enterprise Development Grant (EDG)
EDG supports businesses looking to upgrade capabilities, innovate, or expand overseas. It covers up to 50% of qualifying costs and is ideal for larger transformation projects.
Productivity Solutions Grant (PSG)
PSG helps businesses adopt pre-scoped IT solutions and equipment. It's designed for quick implementation of proven solutions with funding up to 50%.
Key Differences
The main difference lies in scope: EDG is for custom projects requiring consultancy, while PSG is for adopting pre-approved solutions. EDG typically involves larger budgets and longer timelines.
Which Should You Choose?
Choose EDG if you need customized solutions or strategic consultancy. Choose PSG if you want to quickly adopt standard IT solutions with minimal complexity.
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