Get 50% PSG funding to modernize your F&B business
Leverage on technology to lower cost, increase revenue and improve profile margin your your restaurant and get part of your cost funded by government grant. Talk to us today and make your F&b business more successful.
Cover up to 70% of your Vend costs with the PSG Grant
Thinking to start a retail business? Let Vend help you to manage your business and get part of your cost covered by the Productivity Solutions Grant (PSG). Find out how you can take advantage of the PSG and start applying
PSG covers sector-specific solutions including the retail, food, logistics, precision engineering, construction and landscaping industries. Other than sector-specific solutions, PSG also supports adoption of solutions that cut across industries, such as in areas of customer management, data analytics, financial management and inventory tracking.These solutions have been pre-scoped by various government agencies such as Enterprise Singapore (ESG), National Environment Agency (NEA) and Singapore Tourism Board (STB).
With up to 70% funding support, PSG serves as an avenue for companies to make long-term technology investments. The list of readily adoptable solutions can be found on Tech Depot.
In line with Budget 2019, with effect from 8 April 2019, solutions supported by ESG and that are able to help companies reduce reliance on manpower will be supported at 70%.
If your company fulfill follow criteria you are eligible for PSG.
Registered and operating in Singapore
Purchase/lease/subscription of the IT solutions or equipment must be used in Singapore
(Selected solutions only) An SME with minimum 30% local shareholding; AND Company's Group annual sales turnover less than S$100 million, OR less than 200 employees
Here are the steps you can take when applying for PSG:
Access the list of supportable solutions from below and identify relevant solutions that best suit your business needs.
For IT solutions : Get a quotation from the pre-approved vendor.
For equipment : Source for the equipment and get a quotation from the vendor.
Submit an application on the Business Grant Portal (BGP). You will need to register for a CorpPass account to transact on the portal.
3 PSG Pre-approved POS & Retail Management Systems
Vend Pro PSG Lean
Best POS package for micro Retail business
HDB Shop, Bazaar, Small Fashion Boutique, eCommerce Retailers