Eligibility & Benefits of the PSG eCommerce Grant

Introduction

The PSG eCommerce Grant is a government-backed initiative designed to help businesses establish and expand their online presence. With the rapid growth of digital commerce, small and medium-sized enterprises (SMEs) can leverage this grant to adopt eCommerce solutions, improve efficiency, and increase revenue.

In this guide, we’ll cover who is eligible for the PSG eCommerce Grant, its key benefits, and how to apply for funding.

What is the PSG eCommerce Grant?

The Productivity Solutions Grant (PSG) supports businesses in adopting IT solutions and equipment that enhance productivity. Under this initiative, eligible companies can receive financial aid to implement pre-approved eCommerce solutions for online business expansion.

Key Objectives:

✔ Support SMEs in digital transformation ✔ Reduce business costs for adopting technology ✔ Enhance competitiveness in the eCommerce space

Eligibility Criteria for the PSG eCommerce Grant

To qualify for the PSG eCommerce Grant, businesses must meet specific criteria. Below are the general eligibility requirements:

Who Can Apply?

✅ Registered and operating in Singapore ✅ At least 30% local shareholding (for SMEs) ✅ Have an annual turnover of less than S$100 million or fewer than 200 employees ✅ The eCommerce solution must be used in Singapore

Who Cannot Apply?

❌ Non-profit organizations and charities ❌ Businesses already receiving other government funding for the same project ❌ Government agencies and subsidiaries

💡 Pro Tip: Before applying, check the official list of pre-approved eCommerce solutions to ensure your project qualifies.

Benefits of the PSG eCommerce Grant

1. Financial Support for Digital Transformation

The PSG eCommerce Grant covers up to 50% of eligible costs, significantly reducing the investment needed to implement eCommerce solutions.

2. Access to Pre-Approved eCommerce Solutions

SMEs can choose from pre-approved vendors offering solutions like: ✔ Online store development ✔ Payment gateway integration ✔ Digital marketing tools ✔ Inventory and order management systems

3. Increased Business Efficiency

Automating processes such as inventory management and order fulfillment allows businesses to streamline operations and reduce manual workload.

4. Expansion into Digital Sales Channels

With PSG support, SMEs can establish a professional eCommerce presence and expand their customer reach online.

5. Competitive Advantage

By leveraging PSG-funded solutions, businesses can stay ahead of competitors with a modern and efficient digital storefront.

How to Apply for the PSG eCommerce Grant

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

Step 1: Identify a Pre-Approved Solution

Visit the official PSG website and select an eCommerce solution from the list of pre-approved vendors.

Step 2: Get a Quotation

Request a quotation from the chosen vendor. Ensure it includes all necessary details for the grant application.

Step 3: Submit Your Application via Business Grants Portal

Log in to the Business Grants Portal (BGP)
Select Productivity Solutions Grant
Fill in the required details and attach your quotation

Step 4: Wait for Approval

Grant approval typically takes 4-6 weeks. Ensure all documents are correctly submitted to avoid delays.

Step 5: Implement the eCommerce Solution

Once approved, proceed with implementing the solution. Keep all invoices and receipts for reimbursement.

Step 6: Submit a Claim

After deployment, submit your claim for reimbursement through the Business Grants Portal.

FAQs About the PSG eCommerce Grant

1. What is the maximum funding amount for the PSG eCommerce Grant?

Eligible businesses can receive up to 50% funding support on approved eCommerce solutions.

2. Can I apply for the PSG eCommerce Grant if I already have an online store?

Yes, businesses looking to upgrade their eCommerce platform or integrate advanced solutions can still apply.

3. How long does it take to receive the PSG eCommerce Grant?

Approval takes 4-6 weeks, and claims can be reimbursed once implementation is complete.

4. Can startups apply for the PSG eCommerce Grant?

Yes, as long as the business is registered in Singapore and meets the eligibility criteria.

5. Where can I find the list of pre-approved vendors?

The official IMDA website provides the latest list of approved PSG vendors.

Conclusion

The PSG eCommerce Grant is a valuable opportunity for SMEs looking to grow their online presence. With funding support for eCommerce website development, payment integration, and digital marketing, businesses can improve efficiency and increase revenue in the digital space.

🚀 Take advantage of this grant today and scale your eCommerce business!

🔗 For more details, visit the official Business Grants Portal.