SME Checklist for PSG
before applying, check against the following eligibility criteria
Your company is registered and operating in Singapore.
All IT solutions or equipment purchased, leased or subscribed to must be used in Singapore.
Your company has a minimum of 30% local shareholding.
Your company has EITHER an annual sales turnover of no more than S$100M OR employs fewer than 200 employees.
About the Productivity Solutions Grant
Technology is not about fancy and expensive high-end solutions. You can kick-start your technology journey by taking simple steps to automate existing processes and improve productivity. The Productivity Solutions Grant (PSG) supports companies keen on adopting IT solutions and equipment to enhance business processes.
For a start, PSG covers sector-specific solutions including the retail, food, logistics, precision engineering, construction and landscaping industries. Other than sector-specific solutions, PSG also supports adoption of solutions that cut across industries, such as in areas of customer management, data analytics, financial management and inventory tracking. These solutions have been pre-scoped by various government agencies such as Enterprise Singapore, National Environmental Agency (NEA) and Singapore Tourism Board (STB).
As announced at Supplementary Budget 2020, PSG will be enhanced to encourage enterprises to continue their digitalisation and productivity upgrading efforts.
The maximum funding support level will be raised to 80% from 1 April 2020 to 30 September 2021.
Source: Enterprise Singapore/Productivity Solutions Grant (PSG)
Receive a quote from ASL Advisory.
Submit your application via the Business Grants Portal. Contact us for our step-by-step guide.
Obtain your approval for the grant.
ASL Advisory provides the services as stated in the selected package and Company makes payment.
Company submits claims on the Business Grant Portal with supporting documents and receives the reimbursement amount from Enterprise Singapore once approved.
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How long does it take for my grant to be approved?Within 4-6 weeks.
Are Singapore PRs considered local shareholders?Yes, Singapore PRs are considered local shareholders.
Do I have to pay upfront or will Enterprise Singapore provide me with funding first?Claims are performed on a reimbursement basis, hence payment will need to be made to ASL Advisory with a screenshot of the bank statement before submission of the claim.
Which package should I choose?Please download our brochure here or email firstname.lastname@example.org for more information.