PSG Grant Singapore 2026 Eligibility and Application Guide

What Is the PSG Grant Singapore?

The Productivity Solutions Grant (PSG Grant) is a government funding scheme launched by Enterprise Singapore and supported by IMDA.

It supports SMEs in adopting pre-approved digital solutions and equipment that improve business productivity.

Instead of experimenting with unverified tools, businesses choose from a government-approved list of vendors and solutions via the Business Grants Portal (BGP).

Key Features of the PSG Grant Singapore

• Up to 50% funding support
• Applicable to pre-approved vendors only
• Application submitted through Business Grants Portal
• Covers multiple industries
• Typical approval timeline: 4–6 weeks

The PSG funding Singapore scheme reduces upfront costs and lowers financial risk for SMEs starting their digital transformation journey.

Why the PSG Grant Matters for Singapore SMEs?

Singapore’s business landscape is highly competitive and technology-driven. SMEs that fail to digitise risk:

• Losing customers to tech-enabled competitors
• Increased operational inefficiencies
• Poor data management
• Higher manpower costs

The PSG Grant Singapore for SMEs enables structured digital adoption without heavy capital strain

Businesses adopting PSG-supported tools often experience:

• 30–50% reduction in manual processes
• Improved operational efficiency
• Enhanced cybersecurity protection
• Stronger financial reporting accuracy
• Increased digital marketing performance

Who is Eligible for the PSG Grant Singapore?

To qualify for the PSG grant eligibility Singapore, your company must:

• Be registered and operating in Singapore
• Have at least 30% local shareholding
• Be financially viable
• Purchase/subscribe only after approval
• Use the solution within Singapore

Important: Making payment before approval will result in automatic rejection.

PSG Grant Singapore Application Process (Step-by-Step)

Here is the complete PSG grant application process simplified:

Step 1: Identify Your Business Needs

Evaluate which area needs improvement:

• Marketing
• Accounting
• HR & Payroll
• Retail operations
• Cybersecurity

Step 2: Browse Pre-Approved Solutions

Visit the GoBusiness PSG directory and filter by industry or solution type.

Step 3: Request an Official Quotation

Contact a pre-approved vendor for an official quotation.

Do NOT:

• Make deposits
• Sign contracts prematurely
• Begin implementation

Step 4: Apply via Business Grants Portal

Log in at www.businessgrants.gov.sg using CorpPass.

Select:

Productivity Solutions Grant → Fill application → Upload quotation

Step 5: Wait for Approval

Approval timeline: 4–6 weeks

Step 6: Purchase & Implement

Once approved:

• Proceed with payment
• Keep all invoices & receipts
• Capture before/after implementation screenshots

Step 7: Submit Your Claim

Upload:

• Invoice
• Payment proof
• Implementation evidence
• Bank details

Reimbursement is processed after verification.

Documents Required for PSG Grant Application

Prepare the following:

• ACRA BizFile
• Vendor quotation
• CorpPass access
• Bank account details
• Invoice & receipt (for claim stage)
• Screenshots of implemented solution

Keep both hard and soft copies for easier claim submission.

Common PSG Grant Application Mistakes to Avoid

Many SMEs face delays due to simple errors:

❌ Purchasing before approval

❌ Submitting incomplete documentation

❌ Choosing non-pre-approved vendors

❌ Entering incorrect company information

❌ Missing claim submission deadpnes

Avoiding these improves approval chances significantly.

Dos and Don’ts for PSG Grant Singapore

✅ Do:

• Apply before purchasing
• Use approved vendors only
• Double-check uploaded documents
• Track your claim timeline

❌ Don’t:

• Modify vendor quotations
• Delay claim submission
• Assume verbal confirmation equals approval

PSG Supported Solutions Categories (2026)

The PSG supported solutions Singapore include:

Digital Marketing

• Website development
• SEO tools
• Marketing automation
• E-commerce solutions

Finance

• Cloud accounting software
• Invoicing systems
• E-payment solutions

HR & Payroll

• HR management systems (HRMS)
• Leave & claims automation

Retail & F&B

• POS systems
• Inventory management
• CRM systems

IT & Cybersecurity

• Firewall solutions
• Endpoint protection
• Data backup systems

Solution lists are updated periodically on the GoBusiness portal.

How PSG Compares with Other Singapore Government Grants

If you are exploring multiple grants, here’s how PSG differs:

The PSG Grant Singapore is best suited for SMEs starting digital upgrades with lower complexity and faster approval timelines.

Work with a PSG Pre-Approved Vendor

Working with a pre-approved vendor simplifies your application.

For example, Verz Design is a PSG-approved vendor that assists SMEs with:

• Website development
• Digital marketing
• E-eCommerce implementation
• Grant documentation support

Professional guidance reduces rejection risk and speeds up implementation.

Final Thoughts: Should You Apply for PSG?

The PSG Grant Singapore for SMEs is one of the most accessible and practical digital funding schemes available.

It reduces financial barriers, encourages productivity growth, and prepares businesses for long-term scalability.

If you’re planning digital upgrades, applying for PSG funding could significantly reduce upfront costs while accelerating transformation.

Businesses that require guidance with documentation or vendor selection may seek assistance from a PSG pre-approved vendor. You can reach our team for further clarification.