The Ultimate Guide To The Productivity Solutions Grant (PSG)
In our pursuit of technological solutions and improved productivity, we’re often faced with various obstacles to achieve this goal. These obstacles can include lack of expertise, funding or time, especially for smaller and medium-sized enterprises (SMEs). This was a major concern until the set-up of Productivity Solutions Grant (PSG Grant).
As part of the Singapore government’s efforts to support businesses in digital transformation, the Productivity Solutions Grant (PSG) was set-up on 1st April 2018. This was an effort to streamline existing schemes under a single platform.
So what does the Productivity Solutions Grant (PSG grant) covers?
PSG serves as an incentive to help companies implement technological solutions, with up to 70% of the project subsidised.
The PSG covers industry-specific solutions (i.e. retail, food, logistics, etc) and general solutions such as customer management, data analytics, financial management, inventory tracking and eCommerce.
You can find the detailed list of solutions covered by PSG here.
Am I eligible for the Productivity Solutions Grant (PSG)?
The PSG is available to all SMEs registered and operating in Singapore, with a minimum of 30% local shareholding. The solution developed must be used in Singapore as well.
The PSG is extremely helpful for local brands and SMEs looking for various IT solutions, such as eCommerce.
How do I apply for the Productivity Solutions Grant (PSG)?
Simply get a quotation from a pre-approved vendor (such as ourselves) and submit an application on the Business Grant Portal with the registered CorpPass account. All that’s left to do is for you to wait for the approval.
Alternatively, if you are looking for a pre-approved eCommerce agency or eCommerce solution developer, I Concept will be your great fit as we are a Pre-Approved@SMEsGoDigital Vendor under the category of Retail (E-Commerce – Online Shop and Marketplace). Click here for our digital solutions which are eligible for PSG Grant or approach our team who will guide you through the entire process!