Government Grants

PSG (Productivity Solutions Grant)

“The Productivity Solutions Grant (PSG) is a new initiative, coordinated by MTI’s Grants Management Office (GMO) and administered by the relevant agencies, to assist businesses in its transformation journey. Aligned to the Industry Transformation Maps (ITMs), PSG provides support for the adoption of IT solutions and equipment that have been pre-scoped by the industries’ lead agencies.” (Source: IMDA website)

eFusion Technology is offering an eCommerce or eCatalogue web design and development package (under E-Commerce – Online Shop (B2C) category) which will be up to 80% claimable from Business Grant Portal as pre-approved package. Visit our PSG landing site for more details about the package: https://www.efusiontech.com/ecommerce-grants/

eFusion’s Producivity Solution Grant (PSG) ecommerce website package will be more comprehensive than others in these areas:

– 18 year track record
– 100% local and dedicated team
– Custom and strategized design (no template)
– Opensource and extremely stable and user-friendly system
– Value-added features and services like CRM, SEO, Security and advisory
– Scalability to integrate with other platforms

For further information, please refer to https://www.gobusiness.gov.sg/productivity-solutions-grant/all-psg-solutions/

eFusion 2022 SMEs Go Digital Logo

EDG (Enterprise Development Grant)

Spring Singapore’s Capability Development Grant (CDG) and International Enterprise Singapore’s Global Company Partnership (GCP) grant have been combined into the Enterprise Development Grant (EDG).

Enterprise Development Grants are administered by Enterprise Singapore (which is a merged entity of SPRING and IE Singapore). The objective is to provide holistic and cusomised support to local enterprises seeking to build deep capabilities, scale up, and internationalise.

Similar to CDG, you can get funding up to 80% if your project is approved.

For more information, please visit: https://www.enterprisesg.gov.sg/financial-assistance/grants/for-local-companies/enterprise-development-grant/apply/pre-application

Enterprise Development Grant

SkillFuture Enterprise Credit (SFEC)

With a combination of PSG and SFEC, local SMEs might be able to get more than just 80% funding for your eCommerce Website.  PSG covers 80% of the cost and SFEC can cover 90% the remaining out-of-pocket amount. This can work out to a maximum of 80% + 18% of the total PSG cost.

The SkillsFuture Enterprise Credit (SFEC) is created for businesses to advance in enterprise transformation and proficiencies of their employees. Eligible businesses will receive a one-off S$10,000 credit to cover up to 90% of out-of-pocket expenses on qualifying costs for supportable initiatives, over and above the support levels of existing schemes.

Qualifying Periods where you need to meet your eligibility:

  • 1 April 2019 – 31 March 2020
  • 1 July 2019 – 30 June 2020
  • 1 October 2019 – 30 September 2020
  • 1 January 2020 – 31 December 2020

To:

  • Have contributed at least S$750 Skills Development Levy over the period
  • Have employed at least three Singapore Citizens (SCs) or Permanent Residents (PRs) every month over the same period
  • Have not been qualified at any of the earlier periods

SFEC Expansion (2022), Qualifying Periods where you need to meet your eligibility:

  • 1 January 2021 – 31 December 2021

To:

  • Have employed at least three Singapore Citizens (SCs) or Permanent Residents (PRs) every month over the qualifying period; and
  • Have not been previously qualified for SFEC; and
  • Are not in default of their SDL contributions during the qualifying period and do not have an inactive ACRA status during the qualification process.

Eligible businesses or employer who meet the following conditions will be notified in writing.

For more information about SFEC, please visit https://sfec-microsite.enterprisejobskills.gov.sg/home/

Tech-and-GO! Grant

Targeted at social service agencies (SSAs) in Singapore, this grant works similarly to the PSG grant for SMEs. Eligible SSAs can get funding up to 80%, capped at $30,000 for pre-scoped IT solutions under this grant.

To be eligible, your agency has to:

  • Be a National Council of Social Service (NCSS) member or funded by the Ministry of Social and Family Development (MSF)

Applications have to be made directly to NCSS. You can find our NCSS supported ecommerce website solution here.

For more information, please visit https://www.ncss.gov.sg/our-initiatives/tech-and-go

Tech and Go Logo
Eligible for Tech-and-GO! Funding (terms apply)

Market Readiness Assistance (MRA) Grant

Get up to 80% of eligible third-party costs supported under the Market Readiness Assistance (MRA) grant. This cover activities such as:

  • Overseas market set-up
  • Identification of business partners
  • Overseas market promotion

For more information, visit https://www.enterprisesg.gov.sg/financial-assistance/grants/for-local-companies/market-readiness-assistance-grant/

Market Readiness Assistance Grant

Ceased

CDG (Capability Development Grant) from SPRING Singapore

The Capability Development Grant (CDG) is a financial assistance programme that helps SMEs develop capabilities across 10 development areas, ranging from raising service standards, adopting technology to staff training and overseas expansion. The grant supports a wide-ranging of capability upgrading initiatives to help them grow the businesses locally and globally.

The grant defrays up to 80% of qualifying project costs such as consultancy, training, certification and equipment costs. You can take on large scale upgrading projects in areas like increasing productivity, process improvement, product development and market access.

To encourage more SMEs to build business capabilities, the application process for grant support of $30,000 or less has been simplified. You can look forward to simpler application forms and reduced documentation requirements for such projects.

This grant has ended. Read more about EDG above.

iSPRINT Grant from IMDA

iSPRINT (Increase SME Productivity with Infocomm Adoption & Transformation) scheme addresses the different areas of infocomm adoption for the SMEs, making it easy and convenient for these enterprises to seek assistance to help them along their infocomm adoption journey for 1st time adopters.

This grant has ended. The grant has been streamlined into the Productivity Solutions Grant (PSG), which went live on 1st April 2018. Read more here.

ICV Grant from SPRING Singapore

ICV is a $5000 grant offered by SPRING for each specific area of Innovation, Productivity, Human Resource, Financial Management.

This grant has ended. The grant has been streamlined into the Productivity Solutions Grant (PSG), which went live on 1st April 2018. Read more here.

SMEs Go Digital

SMEs Go Digital was announced at Budget 2017 to help SMEs build stronger digital capabilities to seize the opportunities for growth in the digital economy. Building on the foundation of Enhanced iSPRINT, SMEs Go Digital takes on a more structured and inclusive approach towards the adoption of digital technologies by SMEs.

The grant support for pre-approved solutions under the SMEs Go Digital programme will be streamlined into the Productivity Solutions Grant (PSG), which will go live on 1st April 2018. Read more here.

Digital Resilience Bonus (DRB)

The Digital Resilience Bonus (DRB) was targeting two sectors – food services and retail – as they are the most affected by COVID-19. There was a greater urgency for these sectors to digitalise and adapt quickly due to the consumer-facing nature of their businesses. Eligible enterprises can receive payouts of up to $10,000, if they: a. Adopt PayNow Corporate and PEPPOL e-invoicing; and b. Adopt the digital solutions (e.g. PSG) in the required categories.

This grant has ended.

Government Grant FAQ

Will I get into a situation where i cannot claim my money from the government?

The government grants have evolved over the years. There are lesser red tapes now and the processes are much more clearer. You will usually be able to claim your money back by working closely with trustworthy vendors.

How to be eligible for Productivity Solutions Grant (PSG)?

A Singapore registered business with 30% local ownership (citizen or PR). Sales turnover not more than S$100m, OR company size no more than 200 employees.

Can I use Productivity Solutions Grant (PSG) for website design?

There is no category for general website design or building. Instead, you can explore the [E-Commerce – Online Shop (B2C)] category with eFusion where we design and build an e-commerce capable website together with your corporate information.

Can I use Productivity Solutions Grant (PSG) for my current website's maintenance or enhancement?

No, you can’t. PSG solutions are pre-approved packaged-solutions vetted by government through stringent assessment. It is not suitable for customized work or ad-hoc enhancements. Talk to us first, a revamp of your current website might be a better option.

Can I get Productivity Solutions Grant (PSG) with eFusion but I am using an offshore/other developer?

No, you can’t. Our ecommerce solutions are tested and proven systems proposed by eFusion to IMDA. IMDA conducted heavy assessment to make sure that it is secured and priced fairly for the SMEs. The solution is also inclusive of Omni-channel, marketing, security, PDPA, CRM features with proper training and support.

My company is only registered recently. Am I eligible for Productivity Solutions Grant (PSG)?

The eligibility criteria did not include in the age of the registered business. We have SMEs clients that are 2 days old or 20 years old using the grant.

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