Looking for a trusted PSG vendor in Singapore?

Staying competitive in today’s fast-moving business landscape often means adopting digital solutions—but for many SMEs, budget limitations are a real challenge. That’s where the Productivity Solutions Grant (PSG) makes a difference.

The PSG is a government-backed initiative that offers up to 50% funding support to help eligible businesses adopt pre-approved digital solutions—ranging from digital marketing services to CRM systems and e-commerce tools.

In this guide, we’ll walk you through what the PSG Grant is, how it works, and how to find the right PSG vendor to support your business transformation.

What is the Productivity Solutions Grant (PSG)?

The Productivity Solutions Grant (PSG) is a key initiative under Singapore’s economic transformation plan, aimed at positioning the nation as a hub for technology, innovation, and entrepreneurship.

PSG offers up to 50% funding support for eligible small and medium-sized enterprises (SMEs) to adopt pre-approved digital and productivity solutions. These include a wide range of tools—from digital marketing services to customer relationship management (CRM) systems—that are tailored to industry-specific needs and designed to drive measurable improvements in efficiency and performance.

To be eligible for PSG support, businesses must engage only pre-approved vendors and solutions listed under the grant. This ensures that all funded solutions meet established standards for quality, effectiveness, and reliability.

You can browse the full list of pre-approved solutions and vendors on the official GoBusiness PSG Solutions webpage.

Who is Eligible for the Productivity Solutions Grant (PSG)?

To be eligible for the PSG grant, the company must meet these criteria:

Business entity is registered and operating in Singapore
Company has at least 30% local equity held directly or indirectly by Singaporean(s) and/or Singapore PR(s), determined by the ultimate individual ownership
Group annual sales turnover not exceeding S$100 million OR group employment size not exceeding 200 employees
IT solutions or equipment that are purchased, leased, or subscribed to must be used in Singapore. You may refer to the FAQ page for more details on supportability.
Grant applicant must not have made payment, and/or any form of deposits to a supplier, vendor or third party in relation to the purchase/lease/subscription of the IT solution or equipment prior to application submission
Company does not fall under these categories:
- Charities, Institutions of Public Characters (IPCs), Religious Entities, Voluntary Welfare Organisation (VWO), Government agencies and subsidiaries, and societies are not eligible for this grant.

The full list of eligibility criteria is available on the Enterprise Singapore website.

How to Apply for PSG

1. Visit the Official Website

Start by visiting GoBusiness Gov Assist, the official government website. Under the “Government Assistance” section, click on “Productivity Solutions Grant (PSG)” — this will lead you straight to the PSG overview page.

2. Choose a Solution for Your Business

Click on “All PSG Solutions” located on the left side of the screen to view the full list of available solutions. From there, identify and select the options that best match your business needs and areas for improvement.

3. Request a Quotation

Before submitting your grant application, you’ll need to obtain a quotation from a PSG pre-approved vendor or consultant. Reach out to us and request a quote for the specific solution you’re interested in.

4. Submit Your Application

Once you’ve completed the steps above and received a quotation, you can submit your application through the Business Grants Portal. Make sure you have a registered Corppass account before applying.

Fill in the required information on the application form, then track your application status through the Business Grants Portal. Once your application is approved, you’ll receive a Letter of Offer and an Official Appointment.

You may refer to the FAQ page on how to resubmit clarifications for your ongoing applications.

The applicant company must directly apply for and manage the grant. Third-party applications or management are not permitted to do so.

Note: Each complete application usually takes 6 weeks to process. You can log in to BGP and view the status of your grant application under the “My Grants” section. We may contact you via the BGP for clarifications.

5. Receive your Letter of Offer

Once your grant is awarded, your company will receive a Letter of Offer with the following details:

Conditions of support
Amount of grant awarded
Project qualifying period
Name of Equipment/ IT solution

You will need to accept the Letter of Offer within the specified timeline.

Please ensure that you continue to meet eligibility criteria and have not made payment to the new vendor prior to submitting the new application. The request will be subject to approval. You may refer to the step-by-step guide here. You may refer to the FAQ page for more information (e.g. changes to claims due date).

6. Complete your project

Please ensure that your IT solution equipment:

is purchased or subscribed as approved in the application
has been deployed and installed for at least 30 days
has been paid in full

7. Submit your claims

Please submit your claims via the BGP with the following documents by the claim due date specified in your Letter of Offer:

Documents required for claims

Step 8: Receive your disbursements

You will be notified via email when your claim has been approved. The approved claim amount will be disbursed via Corporate PayNow or GIRO to your designated bank account.

Note: Disbursement takes approximately 14 working days (via PayNow Corporate) following the approval of claims.

Frequently Asked Questions

What industries can apply for PSG?

PSG covers sector-specific solutions including the retail, food, logistics, precision engineering, and construction industries. PSG also supports the adoption of generic solutions such as in areas of customer management, digital marketing, sales management and inventory tracking. Thus, all industries can apply.

Can I apply for PSG if my business is registered overseas but I would like to expand to Singapore?

No, applicants must be registered as a business entity in Singapore to apply for PSG.

What documents do I need for a PSG application?

Company Registration Certificate
Company Financial Statements for the past three years
ACRA BizFile
Our Quotation
Tenancy Agreement (if applicable)

Conclusion

The Productivity Solutions Grant (PSG) offers a significant opportunity for businesses in Singapore to access funding that supports the adoption of digital tools and improved operational workflows. Whether you’re enhancing your digital marketing capabilities or integrating new systems, the PSG helps ease the financial burden of innovation and business growth.

Take advantage of this government support to accelerate your digital transformation. Reach out to us to discover how FY Ad’s PSG-supported Digital Marketing Solutions can benefit your business and to check if you qualify. Let’s work together to unlock new growth opportunities for your company.

About FY Ads

Founded in 2019, FY Ads Singapore emerges as a leading force in the digital marketing landscape, specializing in driving exceptional results through strategic expertise and innovative approaches. As the exclusive partner of Xiaohongshu, and recognized as its Premier Overseas Partner, FY Ads Singapore pioneers groundbreaking campaigns that resonate across borders. Drawing from a rich legacy of success, our team is dedicated to elevating brands through a comprehensive suite of services, including Social Media Management (SMM), Influencers Marketing, Video Production, Content Creation and Web Design & Development.

Our commitment to data-driven insights has fueled our expansion into the China, Malaysia and Thailand, meeting the burgeoning demands of local and regional markets. At FY Ads Singapore, we don’t just navigate the digital landscape – we redefine it.”

Looking to elevate your brand’s online visibility and drive more revenue? Schedule a free digital marketing strategy consultation with us today. Our specialists will analyze your business, identify untapped growth potential, and provide personalized recommendations to help you scale effectively.