A Productivity Solutions Grant (PSG) can be applied for to support a business' productivity and efficiency initiatives. PSG grant eligibility requires businesses to demonstrate measurable productivity and cost saving outcomes. Business outcomes are estimates of what benefits the business would experience, as measured by the amount of money saved or productivity gained.

Productivity Solutions Grant (PSG)
To apply for the Productivity Solutions Grant, you should have all of the necessary documents ready. It takes six weeks to evaluate the application. Once it has been approved, you will be notified via email. If your application has been approved, you must accept the grant amount within thirty days. You can apply for more than one PSG and apply for different categories of solutions. You can also apply for the same category of solution at different locations, but you cannot receive the same grant for the same solution at the same location.

The Productivity Solutions Grant is open to SMEs in Singapore that purchase, lease, or subscribe to an IT solution. To qualify, your company must be a Singaporean SME with a minimum 30% local shareholding and an annual turnover under S$100 million. You must also demonstrate that the IT solution or equipment you intend to purchase or lease will benefit your business in Singapore. You must also have a CorpPass account to complete your application.

Documents required
In order to qualify for a PSG grant, your business must meet certain standards. For instance, your company must not have signed a contract with a third-party IT provider. Rather, you must have obtained a quote from a vendor who is pre-approved by PSG. You will need to find a suitable vendor to provide your business with the POS solution you need in order to qualify for a PSG grant.

You must be aware of the guide to apply for the PSG grant. Ensure that you file your application at least two weeks before the deadline. You also have to allow sufficient time for processing. You should choose the grant that you wish to apply for and complete the necessary sections, including "Claims Information" and "Business Outcomes." Don't forget to include a declaration on the PSG grant application form.

In addition to submitting all required documents, you should be aware of the funding terms of the Productivity Solutions Grant. The application must be made online and the funding is guaranteed for up to 80% of the costs of the project.

Scope of support
When applying for the PSG grant, you must be clear about the scope of your project. The grant is not intended to fund non-approved IT solutions, equipment, or consultancy services. As such, you should ensure that all of the vendors you use are independent, and declare any relationship with them.

The PSG grant provides 80% funding support for IT solutions for small businesses. This government funding scheme is aimed at helping small enterprises scale up their digitalisation efforts. However, it is important to note that businesses must pay for the full solution upfront before they can claim 80% funding support. Additionally, the PSG grant can only be used for solutions listed on the Tech Depot. If your solution provider is not listed, you will not be able to apply for the grant.

The PSG application form also requires you to declare changes. You must answer the questions in the application declaration form correctly. If you do not want to submit changes or if you do not wish to submit any further updates, you can withdraw your application at any time.

Qualifications
If you are interested in applying for the PSG grant, you must know the requirements and qualifications. This grant is intended to promote the rapid adoption of proven productivity solutions. It is not for consultancy services or non-approved IT solutions. To qualify for the PSG, you must be an enterprise, not a government agency, Voluntary Welfare Organization (VWO), or religious entity. Before applying for the PSG, you must first complete the qualification checklist by visiting one of the Business Grants Portals.

Once you have logged into the Business Grants Portal, you should submit the required documents. After the application form has been submitted, you should provide your contact details. You should also fill the declaration section. If you are approved, you will receive a notification via email. The deadline to accept the PSG grant is 31 days after submitting the application.

The PSG grant is available to help businesses implement new technology and upgrade existing systems. The grants cover software, hardware, and services that will help businesses grow. For instance, PSG grant funds can be used to purchase IT solutions for businesses in the healthcare industry. These solutions are crucial for the delivery of quality patient care.