Grants for Singapore SMEs

The Productivity Solutions Grant (PSG) supports Singapore SMEs in adopting pre-approved IT solutions including CRM, ERP, HRMS, and e-invoicing. It provides up to 50% PSG support, capped at $30,000 per company annually. Businesses must have at least 30% local shareholding to qualify.

To be eligible for PSG, your company must be registered and operating in Singapore, have at least 30% local shareholding, and purchase from a pre-approved PSG vendor. The project must not have commenced before approval.

The Enterprise Development Grant (EDG) supports companies in upgrading, innovating, and growing. It provides up to 50% support for SMEs (up to 70% for sustainability projects) and covers capability development, innovation, and market access projects.

Most Singapore government grants are applied through the Business Grants Portal (BGP) at businessgrants.gov.sg. You'll need your CorpPass to login, prepare necessary documents including ACRA Bizfile and project quotations, and submit before starting your project.

Singapore offers several AI-focused grants including the Enterprise Compute Initiative (ECI) providing up to $555k for GenAI pilots, AI Trailblazers programme by IMDA and Google Cloud, IMDA GenAI Sandbox for SMEs, AI Singapore 100E for AI MVP development, and the Digital Leaders Programme (DLP) for building in-house AI capabilities.

Yes, some grants can be stacked. The SkillsFuture Enterprise Credit (SFEC) provides a one-off $10,000 credit that can be combined with other grants. However, you cannot claim funding for the same cost item from multiple grants. Always check specific grant terms for stacking eligibility.