The Productivity Solutions Grant (PSG), as announced at Supplementary Budget 2020, will be augmented to encourage enterprises to digitalise and improve work productivity. The maximum funding will be raised from 70% to 80% until 31 December 2020 for businesses that adopt digital productivity solutions.

The range of generic solutions for digital productivity has also been expanded to help businesses to continue running their business in the midst of the COVID-19 pandemic. Added generic solutions that will be supported include:

What criteria must I meet to apply for PSG?

SMEs that fulfil all the following criteria can apply for PSG:

Why was my application rejected?

If your company has done any of the following:

Your application will not be accepted. This is because the application for the IT solution or equipment under PSG has to go through the Business Grants Portal, and not through personal agreements. Companies will also only be supported on pre-scoped packages by pre-approved vendors. For equipment, there are no pre-approved vendors, but the equipment must minimally meet the specifications required.

If your company is any of the following:

You are not eligible for grant support.

 

How do I apply for PSG?

STEP 1

Visit Tech Depot on the SME Portal to access the list of supportable solutions and select the relevant solutions that best suit your business needs (e.g.  customer management, project management, data analytics, quality assurance etc.)

STEP 2

(a) For IT solutions: Get a quotation from the pre-approved vendor (unsigned)

(b) For equipment: Source for the equipment and get a quotation from the vendor (unsigned)

 

STEP 3

Submit an application on the Business Grants Portal (BGP)*. Register for a CorpPass account to transact on the portal.

* Company should not have signed any contract or made payment before submitting the PSG application. 

There is a step-by-step guide regarding application submission, acceptance of the letter of offer, and claim submission at this link

It takes 4-6 weeks for applications to be processed, from the time that all required information is submitted.

 

EzyProcure is a Pre-Approved Solution

EzyProcure is an e-procurement tool that is able to simplify your procurement process. By automating your workflows, manual labour and errors that come with it will be greatly reduced. EzyProcure’s advanced technology also ensures seamless integration to backend systems, meaning that business owners need not worry about transferring information from their current systems to the EzyProcure platform.

In addition, EzyProcure provides detailed analytics of procurement data for business owners to make well-informed and cost-effective decisions. The platform also includes AI-driven Optical Character Recognition, which reads invoices and identifies any discrepancies that otherwise may have been missed if invoices were manually handled. Procurement, business inventory, budget, payment can all be managed on the EzyProcure platform.

You may contact us for information about other products pre-approved for PSG or to know more about EzyProcure at +65 6200 8021 or info@sgebiz.com.