Productivity Solutions Grant
The Productivity Solutions Grant (PSG) is a cornerstone of government efforts to boost SMEs in adopting IT solutions and equipment that enhance productivity. Launched on April 2018, PSG provides financial support for business owners to adopt pre-scoped IT solutions, equipment and consultancy services. Here's a list of all solutions covered under PSG for all business sectors.
IT Solution
Equipment
Equipment
Equipment
IT Solution
Equipment
Equipment
IT Solution
Equipment
IT Solution
IT Solutions
Cyber Essentials Ready
These are the refreshed solutions launched in Oct 2024 to help enterprises be Cyber Essentials Ready. Enterprises are encouraged to adopt the integrated package for a more comprehensive coverage and to better meet the Cyber Essentials requirements.
Consultancy
FAQs
Business entities can apply for PSG if they meet the following criteria:
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Registered and operating in Singapore
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Purchase/lease/subscription of the IT solutions/equipment/consultancy service must be used in Singapore
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(For selected solutions only) Have a minimum of 30% local shareholding
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(For consultancy service solutions only) Have at least three local employees at the point of application
4 steps:
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Access the list of supportable solutions eligible for your sector and identify relevant solutions that best suit your business needs.
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For IT solutions: Get a quotation from the pre-approved vendor
For Equipment: Source for the equipment and get a quotation from the vendor
For Consultancy Service: Get a quotation from the pre-approved consultant -
Submit an application on the Business Grants Portal (BGP).
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Submit your grant claim on the BGP before your claim due date.
From 1 April 2023 onwards, the maximum support level is up to 50% for all sectors. Up to 50% of costs in pre-scoped solutions will be supported with the PSG.
PSG covers sector-specific solutions including the retail, food, logistics, precision engineering, and construction industries. These solutions are aligned to the industry roadmaps such as the Industry Transformation Maps (ITMs) and Industry Digital Plans (IDPs). For industries not covered under specific industries' solutions, there are generic solutions that businesses from all other industries can apply for as well.
No, PSG is meant to support pre-scoped and pre-approved solutions identified and recommended by sector-lead agencies. New productivity solutions are constantly being reviewed and included into the list.
For Infocomm Media (ICM) vendors with ready digital solutions proven to deliver productivity gains to SMEs, you can submit your solution to be pre-approved under the SMEs Go Digital programme. Solutions can be sector-specific or cut across various sectors. For information on the application process, please click here
Equipment and IT solutions are refreshed regularly, depending on vendors’ contracts with PSG participating agencies.
There is a possibility that certain vendors' listings here might be removed in future due to end of contract, or other reasons at relevant authorities' sole discretion. New vendors who have suitable solutions might be added to the list as well.
For most updated list of current PSG solutions supported, refer to the official website at: gobusiness.gov.sg/productivity-solutions-grant
Benefits of implementing productivity solutions
- Capitalizing on Cost-Efficiency : PSG offers up to 50% funding support, reducing the upfront investment needed for productivity-enhancing solutions. For SMEs with tighter budgets, this reduction in capital outlay enables access to innovative tools and technologies. Businesses can also tap into business loans or SME loans if they require further financing support for their co-share of the 50% payment for solutions.
- Accelerating Digital Transformation : For many SMEs, embarking on digital transformation can feel overwhelming, especially when navigating myriad available solutions. PSG creates a structured pathway by curating pre-approved vendors. This saves time in researching options and ensures that solutions meet a baseline level of quality and relevance.
- Staying Competitive in a Rapidly Evolving Market : The ability to adapt quickly is crucial for SMEs. PSG gives SMEs access to technology that helps automate time-consuming tasks, freeing up resources to focus on innovation and business growth. Early adoption of advanced tools positions businesses ahead of competitors who might be slower to embrace change.
- Operational Efficiency and Scalability : Solutions funded by the PSG often include tools for automating repetitive tasks like bookkeeping, payroll, and inventory management. These enhancements enable SMEs to operate more efficiently with fewer errors and faster processing times. Automating certain functions allows businesses to scale their operations more easily without a proportionate increase in overhead.
- Increased Employee Satisfaction and Retention : Adopting productivity solutions often translates to less manual work and fewer repetitive tasks for employees. By removing the drudgery of day-to-day tasks, businesses can boost employee satisfaction and productivity. A more engaged workforce can focus more on strategic activities and improve employee retention rates.
How to filter and select appropriate vendors?
- Understand Your Specific Needs : Map out your business needs in detail. Identifying precise areas where productivity improvements are required in your business workflow will help you filter vendors that align with those needs.
- Evaluate Long-Term Compatibility : Consider future scalability. A solution might work well for your current business size but check if it will accommodate future growth. Does the software or solution have the ability to scale with your company's expansion? How robust is the support provided by the vendor? These questions help ensure the longevity of the solution and reduce the need for costly replacements down the line.
- Check for Flexibility and Integration : Not all solutions work well together. If your business already uses certain software, check if new solutions can integrate seamlessly with existing systems. Disjointed systems can result in data silos, which negate the benefits of digital transformation. Additionally, evaluate the flexibility of the solution. Can it be customized to fit your company’s unique workflows?
- Read Customer Testimonials : Customer testimonials, reviews and case studies can provide insights into a vendor’s reliability and the performance of their solutions. Seek out vendors with a track record of working with businesses similar to yours in size or industry.