How to Successfully Apply for Website Funding Grants
In today’s time, business owners should know how to adapt when the current changes in the industry. For instance, marketing campaigns are not effective when you use strategies from five years ago. The world is evolving. Before, pamphlets and brochures are a way to promote a business. However, now, you can increase your brand recognition online, which is– designing a website.
Designing a website may seem unnecessary for some business owners. But listen to the industry experts. A website is a way to build credibility in the online world. Plus, it can increase your sales and marketability. Now, if you are a small business owner, you are probably thinking about how you can design a website.
Well, first, you need to partner with an eCommerce website design company in Singapore. Sure, you’re also thinking about how you can get money to pay for their services. At this point, this article should introduce you to grants for website development. To clear your confusion, allow this article to help you understand why a website is essential and why you should get website funding grants.
Why Web Designing is Important
As you enter the business world, you should know the importance of web designing for your company. It must be on your priority list when building your start-up business. Of course, you have to ensure the quality of your products and services, customer satisfaction and marketing strategy. Well, you can use web designing as your online marketing strategy. If you are worried about your budget, you can apply for grants for website design in Singapore.
Reasons Why Web Designing is Important
Your website will set the first impression on your company. A well-designed website will promote a sense of credibility in the online community. This way, it will help increase your customer base and thus your sales! It is a reason why you should partner with an eCommerce website design company because they know the tips and techniques to create an effective website.
The next thing is you can maximise the usage of Search Engine Optimisation (SEO). An effective website will positively impact your SEO statistics in Google. This way, you can increase your clicks or organic traffic. See, grants for web development can help your business grow and reach more audiences, which can be your loyal customers.
At this point, you have now reached many audiences because of the well-designed website. But, how can you make them your customers? Well, think of your website as a customer service representative. Your website will stand as your advocate to promote your business more. So, make sure you know how to apply for grants for website design in Singapore. This way, you can create a successful website.
Most importantly, your website should create consistency. In doing so, the online community will recognise your brand easily. You have to practice consistency with the style, layouts, and fonts of your website pages. By having constancy, your business will look more professional and make your online presence more familiar.
Now that you are knowledgeable about the importance of web design. You should also know where to get website funding grants in Singapore. In the next section, you will learn more about grants for website development.
Website Funding Grants: What It Is And What Are The Types
Website funding grants are assistance from the government. As you can see, the eCommerce industry is rapidly growing in the middle of a pandemic. Everyone wants to stay at home for the safety of their health. The government provides grants for web development to encourage people to do business. As a result, the grants will stabilise and contribute to the growth of the economy. If you want to have this opportunity, read further to know the different types of website funding grants.
Different Types of Grants for Website Design
Enterprise Development Grant (EDG)
Enterprise Singapore manages the Enterprise Development Grant (EDG) to provide holistic support to Small and Medium Enterprises(SME) to build their businesses and achieve brand recognition locally and internationally. The grants for website development will help your business to optimise its capability to serve people.
To add, Enterprise Development Grant (EDG) is a combination of the Capability Development Grant (CDG) and Global Company Partnership (GCP) grant. Fortunately, your business can get up to 90% of funding. Remember to know more about this program before you send your application.
Productivity Solutions Grant (PSG)
Productivity Solutions Grant (PSG) is a grant for website development that also includes IT services. If you avail of this grant, they will help you in your company’s transformation journey. You can expect that they will improve your website development and IT infrastructure for more effective business solutions.
To further help you, you can partner with an eCommerce website design company in Singapore that will help you apply for this program. With this, you can expect that Productivity Solutions Grant will help your business to know the latest IT trends.
SkillFuture Enterprise Credit (SFEC)
SkillFuture Enterprise Credit (SFEC) is applicable for small businesses that need funding. The grants for website development can give 98% of financial support to the business owners. It is an opportunity to help your business advance in the industry. However, there are requirements before you submit your application.
You should at least contribute S$750 Skills Development Levy over the period. Also, you have to employ three Singapore Citizens (SCs) or Permanent Residents (PRs) every month. If you are eligible, you should prepare your documents to apply.
Digital Resilience Bonus (DRB)
Digital Resilience Bonus (DRB) is a grant for web development that focuses on food and retail. When you apply for this grant, you can get a $10,000 bonus payout to your PayNow account. Since everyone needs food every day, this grant also helps the food and retail industry to adapt to the COVID-19 situation.
So, if you have a food business, you should focus on this grant instead. However, remember that you have to qualify for their requirements before applying for this website funding grants in Singapore.
Tech-and-GO! Grant is a grant for website development that focuses on social service agencies (SSAs) in Singapore. SSA is a non-profit organisation that benefits the welfare services of a community. These grants for web development are similar to PSG and SME. Also, you can get up to 80% of funding.
Just like with any grants, you have to be eligible for the requirements. In this grant, you have to be a member of the National Council of Social Service (NCSS) or the Ministry of Social and Family Development (MSF) to fund your business.
Market Readiness Assistance (MRA) Grant
Lastly, Market Readiness Assistance (MRA) Grant is a grant for website development that gives 80% of financial assistance. If you want your business to achieve international recognition, you should apply for this grant. After this, the grant will help you set up an overseas market. The grants for web development will also help you find business partners that can formulate overseas market promotions.
Also, remember that you have limited options with this grant. You can only participate in one activity, such as a trade fair or market entry. So, make the most out of it if you get one.
You should now know how to prepare before you apply for grants for website development. However, it can be confusing to choose which grants are applicable for your business. So read in the next section, you will learn what steps you must take to qualify for website funding grants.
Tips for Applying in a Website Funding Grants
Grants help small businesses to flourish. In return, it can help the economy to grow and prosper as well. Hence, the government is making an initiative to contribute to the success of its citizens. If you want to apply for website funding grants, you should follow these tips to secure your government grant application.
Set a Plan
Applying for grants for website development is a process. If you don’t know where you will be going, it will be hard to track your progress. To solve this, you should set a plan. Allot a time for your preparation and research. Perhaps, you also need a plan for the proper documentation. So, when the time comes, you will not rush everything. This way, you will avoid forgetting essential requirements for website funding grants.
A plan will help you to have a clearer mind. You can use it to your advantage. In a way, you’ll have a better understanding of the process you need to take.
Know Your Goal
As mentioned above, grants for web development have different goals and purposes. So, know your objectives to achieve the things you want for your business. If you find applicable website funding grants for your business, it will target and solve your problems. Consequently, it will contribute to the success of your business. For instance, you want to market your business in the international market.
With your interest, you should apply for Market Readiness Assistance (MRA) Grant. They will help you set up overseas marketing promotions. For other grants for website design, visit their website to know more about other grants.
Talk with Your Funder
Of course, you have to talk with your funder to know more about the website funding grants. In this step, you will clarify the questions you have in your mind. So, before you sign-up with the government grant, you will avoid confusion and misunderstanding. This way, it will also help you understand their goals. After this, you can evaluate if they can support you to achieve your business goals.
It is also essential to build a rapport with your funder because you will work with them throughout your business transformation. In doing so, you’ll have a helping hand along your business journey.
Identify Your Strengths and Weaknesses
As a business owner, you should know the strengths and weaknesses of your business. Does your business need to outsource accounting responsibilities? Or Is your communication department your business strength? Well, identifying your qualities will help you find the right website funding grants. There are many grants for web development in Singapore, and you should pattern it to your business characteristics. With this, it can help your business by supporting your weaknesses and strengthening your best qualities.
Besides, funders are looking for a clear and concise applicant because they want to ensure that they will fund the deserving business. Hence, make sure you are well-aware of your business qualities.
Prepare Proper Documentation
As you apply for website funding grants, you should prepare for proper documentation. It will help you look more professional and ready with the funder. Remember that the government funder looks for deserving applicants. They are giving money for your business, so make sure that you will appreciate their help for your business. To help you, you should prepare tax documents, government IDs, proof of payment, financial statements.
As a result, it will be faster for you to get the grants you need. In the section above, you will see the different types of grants for web development. As you notice, they require various documents. Therefore, make sure that you have researched the deliverables of a government grant.
Designing Website: A Business Success Story
In this modern society, running a business is a responsibility. You have to ensure that your products and services are of high quality. Plus, you have to be a responsible leader to your employees. With this, you also need to formulate effective marketing strategies. Nonetheless, it could stress you for handling many responsibilities. Hence, a helping hand can help you with the usage of — website funding grants.
If you have a goal in mind, you should allow eFusion in Singapore to help you achieve your business dreams. Allow them to help you create a well-designed website that will contribute to your success story. They will also help you apply for grants for website development. See, you have many helping hands to support your business.
All you have is to prepare your heart and mind to transition your business. If you are ready, visit the website of eFusion, an eCommerce website design company and look for website funding grants for your business needs.