Productivity Solutions Grant (PSG)

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Productivity Solutions Grant (PSG)

April 22, 2019

Good Day Online Entrepreneurs,

 

         We would like to share the good news for today's entrepreneurs.

 

Productivity Solutions Grant (PSG) supports Companies who are willing to adopt new technology solutions to improve productivity.

 

The grant covers sector specific solutions including retail, food, logistics, precision engineering, construction and landscaping industries. Other non sector specific solutions like customer management, data analytics, financial management and inventory tracking is also supported.

 

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.

 

Is my business eligible for PSG?

SMEs can apply for PSG if they meet the following criteria:

    - 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 (for selected solutions only)

 

Starting your New ecommerce store?

Or upgrade your existing store from Magento or Woo Commerce or PHP?

 

Great News for You!

 

Shopify has been pre-approved as a vendor of the IMDA’s SMEs Go Digital program to boost the productivity of SMEs in Singapore with the Productivity Solutions Grant (PSG).

 

Eligible businesses can save up to 70% on their annual Shopify Advanced plan, or up to $5,600 USD on their annual Shopify Plus plan.

 

Save up to 70% on select Shopify plans

Get a 70% discount on the leading platform to start, run, and grow your business when you apply for the Productivity Solutions Grant (PSG)

 

CREATE YOUR FREE TRIAL TODAY -> CREATE

 

Step 1 - Get a quote from Shopify


Submit your business details here and Ace will provide you with a quote for an Advanced or Plus plan. You will need this information to apply for the PSG. To be eligible, applicants must be:

    New Shopify subscribers to an Advanced or Plus plan
    Registered and operating in Singapore
    Using their subscription in Singapore
    At least 30% locally owned


Step 2 - Apply for PSG

Complete your PSG application using the Business Grants Portal. To apply you will need to gather the documentation listed here.

Step 3 - Purchase your annual Shopify plan

Shopify defaults to monthly billing but for the PSG, billing must be annual. Please consult this guide for more information.

Step 4 - Submit your final claim

Using the Business Grants Portal and get reimbursed

 


General questions

 

1, What documents do I need to apply for the PSG?

    Purchase Order or signed acceptance of Quotation/ Contract
    Invoice (Request quotation for Shopify Advanced Annual & Shopify Plus Annual here)
    Screenshots showing (i) company name and (ii) name of IT solution
    License number(s) of software (minimum one month usage report)
    Receipt or copy of cheque (if payment made by cheque)
    Bank Statement showing payment

2, Can companies apply for PSG after signing a contract with Shopify, or making payment?

No, please note that applicants must apply for PSG before they have: Made any payment to a supplier, vendor or third party in relation to the purchase/lease/subscription of the IT solution or equipment Signed any contract with a supplier, vendor or third party in relation to the purchase/lease/subscription of the IT solution or equipment

3, Where do I submit my PSG claim application?

Apply on the Business Solutions Grant Portal here

4, How do I purchase an Advanced annual plan in Shopify?

Shopify billing defaults to monthly, so before switching to a paid plan, please configure your settings to bill yearly with this guide.

5, When is the last day I should apply for the PSG?

Grant Approval Date + 12 months

6, Can someone else submit the PSG claim for me?

Please note that companies need to apply for the PSG on their own and no third party should be able to apply for the grant on the company’s behalf.

7, Is there a cap to the grants?

The grant is capped at SGD30,000 per entity per financial year (1 April to 31 March). SMEs are free to select the packages they need according to their requirements. For more details, check out our FAQ.

 

*All information is accurate as of 20th March 2019. Information displayed reflects the latest eligibility and process requirements for the PSG and should be verified with original sources.

Enquiries on PSG: enquiries@enterprisesg.gov.sg

Enquiries on BGP: bgp_helpdesk@enterpriseSG.gov.sg

Enquiries on IMDA’s Standing Call: info@imda.gov.sg

For LOA matters: SME_Pre_Approval@imda.gov.sg

 

Start your application today by contacting Shopify: Shopify Request for Quotation

Supported by:

 

 

 

Article Credits: Shopify

Link: Visit

 

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