Thinking of upgrading your business with new tech or tools but worried about the cost? The Productivity Solutions Grant (PSG) could give your company the boost it needs, if you meet the eligibility rules. In this blog, we’ll walk you through exactly who can apply, what’s expected, and how the process works in 2025.
Whether you’re running a small shop or a growing team, this guide makes it easy to understand your chances with PSG and how to make your application count.
What Is the PSG Grant?
The Productivity Solutions Grant (PSG) by Enterprise Singapore helps small and medium enterprises adopt off‑the‑shelf tech tools and equipment, like cybersecurity software, e‑commerce systems, digital marketing tools, and more, by co‑funding up to 50% of the cost, within a cap of about S$30,000.
Who Can Apply? (Eligibility Criteria)
Here’s how to check if your business qualifies:
| Requirement | Minimum Condition |
|---|---|
| Business registration | Must be registered and operating in Singapore |
| Local shareholding | At least 30% owned by Singaporeans or PRs |
| Business size | Either annual turnover ≤ S$100 million or workforce ≤ 200 employees |
| Use of solution | Must be used in Singapore |
| No payments made | No deposits or purchases before application |
| Excluded sectors | Not open to charities, IPCs, religious groups, VWOs, government bodies or societies |
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How to Apply for PSG (Step by Step)
- Explore pre‑approved IT tools or equipment- these might include sector‑aware or all‑purpose solutions.
- Request a quotation from a vendor listed as “PSG‑approved”.
- Set up a CorpPass account to log in to the Business Grants Portal (BGP).
- Submit the application on BGP, attach required documents (quotations, financials, etc.).
- Expect a response in about 4-6 weeks.
- If approved, you’ll receive a Letter of Offer (LOF)- review it and accept it via BGP.
- Buy and deploy the solution, let it run for 30 days, then apply for reimbursement on BGP with payment proof, invoice, usage summary, etc.
- Once claim is approved, funding usually arrives via PayNow Corporate within a couple of weeks- or via GIRO in up to eight weeks.
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Useful Pro Tips
- You can apply more than once for different solutions, but certain IT ones are limited to one per UEN (Unique Entity Number).
- Your business must still meet the eligibility rules when the grant is paid out- if shareholding or size changes, your claim may be rejected.
FAQs
Q: Can a sole proprietorship apply for PSG?
A: Yes, as long as the eligibility checks out.
Q: What if I’ve already paid or signed a contract before applying?
A: That counts as retroactive application and won’t qualify.
Q: How long must the business be in use before claiming?
A: At least 30 days, then submit your claim through BGP.
Q: What comes first-approval or purchasing?
A: Approval must come first. If you go ahead and buy before approval, you won’t be reimbursed.
Most of the steps are pretty smooth if your paperwork is ready to go. If you’re just exploring what tools your business needs, browsing the GoBusiness portal for PSG‑approved solutions is a great starting point.
