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

Get 50% or more 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.

Frequently asked questions

PSG

What is PSG grant?


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%.




Is my business eligible for PSG?


If your company fulfill follow criteria you are eligible for PSG.

  1. Registered and operating in Singapore
  2. Purchase/lease/subscription of the IT solutions or equipment must be used in Singapore
  3. (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




How can my business apply for PSG?


Here are the steps you can take when applying for PSG:

  1. Access the list of supportable solutions from below and identify relevant solutions that best suit your business needs.
  2. For IT solutions : Get a quotation from the pre-approved vendor.
  3. For equipment : Source for the equipment and get a quotation from the vendor.
  4. Submit an application on the Business Grant Portal (BGP). You will need to register for a CorpPass account to transact on the portal.





e2i (IGP)

Who can apply for IGP support?


All businesses/societies/associations registered in Singapore and carrying out businesses/activities in Singapore may apply for IGP support.




What projects are eligible for IGP?


All productivity improvement projects that will share gains with local low-wage workers may apply for IGP funding support. Fundable projects include: Automation & equipment costs, process re-engineering and training costs directly associated with the productivity improvement projects.




How to apply?


  1. You should start by contacting e2i Industry Specialist
  2. Get ready for following documents,
    1. Company ACRA
    2. Background: Nature of business + Current challenges & Productivity solutions
    3. 3 Quotations with selected equipment + Vendor
    4. Worker's details - Name, Position, NRIC/DOB, Current basic + Fixed incentives & proposed higher basic salaries
    5. Sample payslips
* No need to fill up lengthy applications form.





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