SME Government Grant

Productivity Solutions Grant: Get 70% subsidies when you subscribe to Stendard Solution™

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What is the Singapore Productivity Solutions Grant (PSG)?

The Productivity Solutions Grant (PSG) is one of Singapore’s government grants to encourage small and medium-sized enterprises (SME) to adopt digital solutions. SMEs keen on implementing IT solutions to enhance business processes further and improve their productivity can check their eligibility at Enterprise Singapore Productivity Solutions Grant (PSG) for further details.

PSG covers sector-specific solutions in Food Services, Healthcare, Logistics and Precision Engineering industries. Some notable digital solutions include document management systems, customer management, financial management, data analytics, and digital marketing packages.

Pre-approved Vendor

Stendard is one of the pre-approved vendors to provide digital solutions qualified for PSG. Stendard Solution™ is a Document Management System aimed to organise your documents and business processes online on a cloud-based platform. Stendard has pre-scoped packages recognised by various government agencies such as Enterprise Singapore, National Environmental Agency (NEA), Singapore Tourism Board (STB) and National Council of Social Services (NCSS) as part of productivity upgrading efforts.

More detailed information on the plans can be found on GoBusiness Gov Assist under the Document Management and Mobile Access System category.

Business Grants Portal (BGP)

Suppose your organisation is eligible for PSG grant. In that case, we can work out the most suited package and provide an official quotation. After that, you can submit it at Business Grants Portal (BGP). Make sure you check for your company’s grant cap on BGP if you have any other concurrent PSG grants.

Suppose you like to apply for other grants such as Enterprise Development Grant, Market Readiness Assistance, or other grants for Singapore businesses. In that case, you can also do so at Business Grants Portal.

Price Plans (After PSG grant deduction)

STARTER

SGD 7,000 /year

SGD 2,100 /year

  • 5 users limit
  • Additional user @ SGD70/month
  • 30GB storage limit
  • Implementation Package Included
  • First-time Training Package Included

PROFESSIONAL

SGD 17,000 /year

SGD 5,100 /year

  • 10 users limit
  • Additional user @ SGD70/month
  • 100GB storage limit
  • Implementation Package Included
  • First-time Training Package Included

ENTERPRISE

SGD 34,000 /year

SGD 10,200 /year

  • 30 users limit
  • Additional user @ SGD70/month
  • 500GB storage limit
  • Implementation Package Included
  • First-time Training Package Included

Grant Coverage

The grant funds Document Management and Mobile Access System that helps companies track, manage and store documents and reduce paper. Stendard Solution™ supports this function with our document managing system, which can be accessed anywhere using Network Connected Mobile Devices.

Eligibility

  • Registered and operating in Singapore
  • Purchase/lease/subscription of the IT solutions or equipment must be used in Singapore
  • Have a minimum of 30% local shareholding; with Company’s Group annual sales turnover less than S$100 million, OR less than 200 employers (for selected solutions only)

Support

From 1 April 2022 onwards, the support level will be up to 70%.

Application Process:

Step 1

Start by filling in this form to obtain a quotation from us:

Start by speaking to our team of experts

Step 2

Follow the Enterprise Singapore PSG Grant Guide to apply for the grant.

Submit of Application on Business Grant Portal BGP

Step 3

Inform us about your application results.

Receive Letter of Offer (LOF)

Step 4

Submit claims to obtain the reimbursement.

Submit Claims

SkillsFuture Enterprise Credit

Eligible employers for SkillsFuture Enterprise Credit (SFEC) will receive a one-off $10,000 credit to cover up to 90% of the out of pocket expenses on qualifying costs. Please speak to us to find out more.

Frequently Asked Questions

  • A business entity that is registered in Singapore
  • Purchase/lease/subscription of the Equipment or IT Solution must be used in Singapore
  • At least 30% of local shareholding
  • Company’s Group Annual Sales Turnover of not more than S$100 million, or Company’s Group Employment Size of not more than 200 workers
  • Looking for technology solutions to improve business operations

Productivity Solution Grant has a maximum funding support level of up to 70% on the digital solutions package

  • Visit GoBusiness Gov Assist to access the list of supportable solutions and identify relevant solutions that best suit your business needs
  • Stendard Solution™ can be found on the ‘Others’ tab, under the ‘Document Management and Mobile Access System’ category.
  • Get in touch with us, and we will be happy to issue a quotation based on your requirements
  • Apply on the Business Grants Portal (BGP). You will require your company’s CorpPass account to transact on the portal. Your company’s contact person would have the company’s account details to submit the grant application
  • Follow the step-by-step guide by Enterprise Singapore PSG Grant Guide to applying for the grant
  • Wait for Enterprise Singapore to provide a Letter of Offer (LOF)
  • Inform us about your application results

You will require the following documents from us:

  • A Purchase Order or signed acceptance of Quotation/ Contract

PSG grant disbursement for any solution or adopted equipment will be through Business Grants Portal (BGP). You will require the following documents:

  1. An Invoice
  2. Bank statement showing the payment. 
  3. A Purchase Order or signed acceptance of Quotation/ Contract
  4. Receipt or cheque
  5. Pictures or screenshots showing the Stendard Solution™ platform
  6. Minimum of one-month Usage Report
  • Business payment terms such as cheques and bank transfers from the company’s bank are accepted for the Productivity Solutions Grant (PSG) claims.
  • The card’s owner has to be the sole proprietor for credit card payments. In the case of business entities, there has to be an official document stating that the expenses incurred were by the company and not of a personal nature. Reimbursements to the director/individual who has paid using their credit card will also have to be shown.
  • The claims must be submitted after the digital solutions are used, and expenses are fully paid; before the 13th-month mark after approval for purchases and the 7th-month mark after the approval for hire purchases, subscriptions, or leases.
  • You can apply for more than one solution under the Productivity Solutions Grant (PSG). Still, the deployment location of each solution must differ. 
  • For applications supported by Enterprise Singapore (ESG), there is also a grant cap of $30,000 for each business entity between 1 April to 31 March of every year. 
  • You can check for your company’s annual grant cap on Business Grants Portal (BGP).
  • No, the pre-approved vendor cannot assist businesses in submitting the Productivity Solutions Grant (PSG) application.
  • Speak with us, and we can provide further directions.

Submitted grant application status can be checked in Business Grants Portal (BSG) under the “My Application” section. You can view the status of their grant application by toggling between the tabs (Drafts/Processing/Actions Required/ Completed)

Processing time takes about 6 weeks after the submission of all required information.

  • Enterprise Singapore would encourage enterprises to submit their claims after they have fully deployed, providing documents to show the use of the solution for at least one month. Any incomplete submissions will result in delays.
  • If your company has submitted your GIRO form, funds will be disbursed in 7-10 working days from the date of claim approval. 

An email will be sent to the email address stated on the BGP to confirm the transaction.

Do you have any questions?

Drop us an inquiry now!

PSG Application