Are you a small business owner in Singapore looking to take your ecommerce game to the next level? The Productivity Solutions Grant (PSG) could be the boost you need. With up to 50% funding support, the PSG grant helps local SMEs adopt pre-approved digital solutions—including psg grant ecommerce—to improve productivity and drive online sales.
What is the PSG Grant?
The Productivity Solutions Grant (PSG) is an initiative by the Singapore government to support businesses in adopting IT solutions and equipment to enhance daily operations. For ecommerce, this means you can get subsidised rates for website development, digital storefronts, and other online retail tools.
How the PSG Grant Supports Ecommerce
The PSG grant can be used to subsidise services and solutions such as:
Ecommerce website development
Online payment gateway integration
Inventory and order management systems
CRM and marketing automation tools
Digital marketing solutions
With approved vendors offering packages tailored for ecommerce, the grant reduces the upfront investment for businesses looking to go digital.
Who is Eligible?
To qualify for the PSG grant for ecommerce, your business must:
Be registered and operating in Singapore
Have at least 30% local shareholding
Be a SME with less than S$100 million in annual sales or fewer than 200 employees
Be using the purchased solution in Singapore
Step-by-Step Guide to Apply for PSG Ecommerce Grant
Identify a pre-approved ecommerce solution on the GoBusiness Gov Assist portal.
Contact the vendor and request a quotation.
Submit your application through the Business Grants Portal (BGP).
Wait for approval before starting the project.
Implement the solution and submit claims after completion.
Why Ecommerce is Crucial for SMEs Today
The pandemic accelerated the shift to online shopping. Today, having an ecommerce presence is no longer optional—it's essential. With tools funded by the PSG grant, businesses can:
Reach more customers
Operate 24/7
Improve customer service
Track performance with real-time analytics
Final Thoughts
If you’re running a small or medium enterprise in Singapore, tapping into the PSG grant for ecommerce is a smart move. Not only does it ease the cost burden, but it also empowers your business with the tools needed to compete in the digital age.