To assist businesses on their transformation journey, the Productivity Solutions Grant (PSG) provides support for the adoption of IT solutions and equipment. Each solution is prescoped by the industries’ lead agencies and aligned to the Industry Transformation Maps. Up to 70% of qualifying costs can be funded to assist businesses.
Grant caps have been raised and customised to each industry to support businesses in their next phase of transformation, where large investments spanning over a longer time commitment may be required.
To help businesses navigate the grants landscape more easily, the PSG has a simplified grant application process that streamlines existing grants. For a start, three grants have been streamlined under the PSG: SPRING Singapore’s Innovation and Capability Voucher (ICV), NPark’s Landscape Productivity Grant (LPG) and IMDA’s support for pre-approved IT solutions under the SMEs Go Digital Programme. More grants will be on-boarded gradually.
Businesses can begin to apply for the PSG on the Business Grants Portal when it comes into effect from 1 April 2018 onwards. For more information, please refer to the SME Portal.
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