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.
To help enterprises implement COVID-19 business continuity measures, the scope of generic solutions has expanded to include:
The support for COVID-19 business continuity measures will end on 31 Dec 2020.
The list of readily adoptable solutions can be found on GoBusiness Gov Assist. Applicants should consider their business needs to select the relevant and right-sized PSG support packages.
SMEs can apply for PSG if they meet the following criteria:
Eligible employers who fulfil the following criteria can also qualify for additional subsidies under the SkillsFuture Enterprise Credits (SFEC) scheme:
Here are the steps you can take when applying for PSG:
Click here for a step-by-step guide, covering:
For assistance, kindly contact us at +65 6898 1800, email us here or visit the SME centres.
Click here for frequently asked questions on PSG.
If you’d like to become a pre-qualified vendor for PSG IT Solutions, click here to find out more.
For more information about Enterprise Singapore’s suite of assistance tools, visit here.