PSG Grant E-Commerce Singapore: Helping SMEs Thrive Online

In Singapore’s rapidly evolving digital economy, businesses must have a strong online presence to remain competitive. Many small and medium-sized enterprises (SMEs) struggle with the cost and complexity of setting up e-commerce platforms. To support them, the PSG Grant for E-Commerce provides funding assistance, enabling local businesses to sell online efficiently and affordably.

What Is the PSG Grant for E-Commerce?

The Productivity Solutions Grant (PSG) is a government initiative by Enterprise Singapore aimed at helping SMEs adopt technology and digital solutions to improve productivity and growth. Under the e-commerce category, the PSG grant offers up to 50% funding support for pre-approved solutions that enable businesses to establish or enhance online sales channels.

This grant allows SMEs to invest in professional e-commerce platforms and digital marketing tools while reducing financial strain.

Services Covered by the PSG E-Commerce Grant

The PSG Grant for E-Commerce supports a wide range of solutions designed to help businesses succeed online, including:

• E-commerce website development with secure payment integration

• Online store setup on platforms like Shopify, WooCommerce, or Magento

• Inventory and product catalog management

• Customer Relationship Management (CRM) systems

• Digital marketing services such as SEO, social media advertising, and email campaigns

• Analytics and reporting tools to track sales and customer behavior

With these solutions, businesses can create a seamless online shopping experience, improve operational efficiency, and reach a wider audience.

Who Is Eligible for the PSG E-Commerce Grant?

To apply for the PSG Grant E-Commerce, businesses must meet the following criteria:

1. Registered and operating in Singapore

2. At least 30% local shareholding

3. Annual sales turnover of less than S$100 million or fewer than 200 employees

4. E-commerce solutions must be implemented in Singapore

Approved applicants can work with PSG pre-approved vendors to implement their online sales solutions effectively.

Benefits of the PSG E-Commerce Grant

The PSG Grant provides more than just financial support. Some key benefits include:

• Reduced costs: Up to 50% funding for e-commerce solutions

• Professional guidance: Work with certified vendors experienced in digital business solutions

• Expanded reach: Attract customers through online platforms and social media

• Improved efficiency: Automate sales, inventory, and customer management

• Business growth: Increase online sales and revenue streams

How to Apply for the PSG E-Commerce Grant

Applying for the PSG Grant is straightforward:

1. Identify your business needs and select the e-commerce solutions required

2. Choose a PSG-approved vendor from the official list

3. Submit your application through the Business Grants Portal (BGP)

4. Await approval, then implement the chosen e-commerce solution

5. Claim the grant reimbursement after project completion

Why SMEs Should Take Advantage of the PSG E-Commerce Grant

With online shopping becoming the norm, businesses without a digital presence risk losing potential customers. The PSG Grant for E-Commerce helps SMEs overcome financial and technical barriers, enabling them to compete effectively and grow sustainably in Singapore’s digital marketplace.

Conclusion

The PSG Grant E-Commerce Singapore is an excellent initiative for SMEs aiming to expand online. By providing funding support and access to experienced vendors, the grant allows businesses to develop professional online stores, streamline operations, and increase sales.