PSG eCommerce Grant: Boost Your Online Business Today

Coding Rhodes Follow Mar 15, 2025 · 3 mins read

PSG eCommerce Grant: Boost Your Online Business Today

Introduction

The Productivity Solutions Grant (PSG) eCommerce Grant is a government initiative designed to support businesses in adopting digital solutions for online growth. If you’re looking to enhance your eCommerce capabilities, this grant can help reduce costs and improve efficiency. In this guide, we’ll cover everything you need to know about the PSG eCommerce Grant and how to apply for it.

What is the PSG eCommerce Grant?

The PSG eCommerce Grant is an initiative aimed at helping small and medium-sized enterprises (SMEs) digitalize their businesses by covering up to 50% of the cost of pre-approved eCommerce solutions. This grant supports businesses in setting up online stores, improving digital marketing, and enhancing online payment solutions.

Key Benefits:

Covers up to 50% of qualifying costs
Supports eCommerce website development
Helps businesses improve digital marketing strategies
Enhances payment gateway integration

Who is Eligible for the PSG eCommerce Grant?

To qualify for the grant, businesses must meet the following criteria:

✔ Registered & operating in Singapore ✔ At least 30% local shareholding ✔ Annual sales turnover of less than S$100 million OR fewer than 200 employees ✔ Use the grant for pre-approved digital solutions

💡 Tip: Ensure that you meet these requirements before applying to avoid delays.

How to Apply for the PSG eCommerce Grant

Applying for the PSG eCommerce Grant is a simple process. Follow these steps:

Step 1: Identify a Pre-Approved Vendor

✅ Visit the IMDA website and choose a pre-approved eCommerce solution provider.

Step 2: Obtain a Quote

✅ Contact the selected vendor and request a quotation for their services.

Step 3: Submit an Application on the Business Grants Portal (BGP)

✅ Log in to the Business Grants Portal (BGP) using your CorpPass. ✅ Complete the application form and upload the vendor quotation.

Step 4: Wait for Approval

✅ The processing time may take 4-6 weeks. Check your application status regularly.

Step 5: Implement the Solution & Submit Claims

✅ Once approved, engage the vendor to implement the solution. ✅ Submit proof of payment & completion report to receive the reimbursement.

🚀 Pro Tip: Keep all receipts and invoices for smooth claims processing!

What Can You Use the PSG eCommerce Grant For?

The PSG Grant can be used for various digital transformation solutions, including:

💻 ECommerce Website Development – Set up a fully functional online store. 📊 Digital Marketing Tools – Improve your social media and SEO strategies. 💳 Payment Gateway Integration – Enable secure online transactions. 📦 Inventory & Order Management – Automate stock tracking and order fulfillment.

Common Mistakes to Avoid When Applying

⚠️ Choosing a Non-Approved Vendor – Only pre-approved vendors qualify for the grant. ⚠️ Incomplete Documentation – Missing receipts or invoices can delay claims. ⚠️ Applying for Multiple Grants for the Same Project – PSG cannot be combined with certain other grants.

✅ Solution: Double-check all documents and follow the step-by-step guide carefully.

FAQs About the PSG eCommerce Grant

1. Can startups apply for the PSG eCommerce Grant?

Yes, as long as they meet the eligibility criteria.

2. How long does it take to get approval?

It typically takes 4-6 weeks for processing.

3. Can I use the PSG Grant for an existing website?

No, the grant is meant for new eCommerce solutions.

4. Is the PSG Grant available for international businesses?

No, only Singapore-registered businesses qualify.

5. What happens if my application is rejected?

You can reapply after addressing the reasons for rejection.

Conclusion

The PSG eCommerce Grant is a fantastic opportunity for businesses looking to go digital. By following this guide, you can successfully apply for funding and grow your online business. Don’t miss out on this chance to boost your eCommerce operations—apply today!

🚀 Need help with your application? Contact a pre-approved vendor now!