PSG E-Commerce Grant: Helping SMEs Digitalize in Singapore

The Productivity Solutions Grant (PSG) is a vital initiative by the Singapore government aimed at helping small and medium enterprises (SMEs) adopt digital solutions to enhance efficiency and growth. One of the key areas supported by the PSG grant is e-commerce, enabling businesses to build and expand their online presence with financial assistance.

What is the PSG E-Commerce Grant?

The psg e commerce grant provides funding support of up to 50% for SMEs looking to implement pre-approved digital solutions. This initiative helps businesses streamline operations, enhance customer engagement, and drive online sales through optimized e-commerce platforms.

Why Leverage the PSG E-Commerce Grant?

With the rapid rise of digital commerce, having a well-structured, mobile-friendly e-commerce platform is essential. The PSG grant enables SMEs to develop online stores equipped with key features, such as:

• Secure payment gateways

• Automated inventory management

• User-friendly design and navigation

• Digital marketing tools

• Customer relationship management (CRM) integration

Eligibility Criteria for the PSG Grant

To qualify for the PSG e-commerce grant, businesses must:

• Be registered and operating in Singapore.

• Have at least 30% local shareholding.

• Purchase a pre-approved e-commerce solution from an authorized vendor.

• Implement the solution within Singapore.

Key Benefits of the PSG E-Commerce Grant

1. Cost Savings – Enjoy up to 50% funding support for e-commerce development.

2. Stronger Digital Presence – Build a professional and responsive e-commerce website.

3. Higher Sales Potential – Reach a broader audience and boost online sales.

4. Operational Efficiency – Automate sales, inventory, and customer management.

5. Government-backed Assurance – Use vetted and approved e-commerce solutions.

Steps to Apply for the PSG E-Commerce Grant

1. Identify a suitable pre-approved e-commerce solution.

2. Obtain a quotation from an authorized vendor.

3. Submit an application through the Business Grants Portal.

4. Await approval before making any purchase.

5. Implement the solution and submit claims for reimbursement.

Conclusion

The PSG e-commerce grant is a valuable opportunity for SMEs in Singapore to embrace digital transformation and strengthen their online business operations. By leveraging this grant, businesses can enhance their digital presence, optimize operations, and increase revenue, ensuring long-term success in the competitive e-commerce landscape.