Productivity Solutions Grant (PSG)

Productivity Solutions Grant

Do you own a local SME in Singapore? Do you wish to offset the cost of installing a fleet management system?

Good news! The Productivity Solutions Grant (PSG) is a government grant designed for local  SMEs to use for their businesses.

What is the PSG grant?

The Productivity Solutions Grant (PSG) is a new initiative, coordinated by MTI’s Grants Management Office (GMO) and administered by the relevant agencies, to assist businesses in its transformation journey. Aligned to the Industry Transformation Maps (ITMs), PSG provides support for the adoption of IT solutions and equipment that have been pre-scoped by the industries’ lead agencies.

Source: IMDA



The PSG supports 70% funding to businesses which are capped at $30,000. The PSG grant also serves as an avenue for companies to make long-term technology investments.

Which areas can I improve with the PSG grant?

  • Innovation
  • Productivity
  • Human Resources
  • Financial Management
  • Customer management
  • Financial management


Can I apply for Skyfy's Fleet Management System with the PSG grant?

Yes. Fleet Management System is a pre-scoped integrated solution under the PSG grant and Skyfy Technology is one of the pre-approved PSG vendors under the PSG grant! With over 1600+ SMEs subscribing to our services, you can rest assured that Skyfy Technology possesses the capability to assist you with the PSG grant application flawlessly!


What's the difference between ICV and PSG?

The Innovation & Capability Voucher (ICV) is a simple to apply, easy-to-use voucher valued at $5,000, to encourage SMEs to develop their business capabilities. Whereas, the PSG provides a funding of up to 70% with a max cap of $30,000.



Is my company eligible for the PSG grant?

Interested to apply for the PSG grant but you're unsure of your eligibility status? Here are 3 criteria to be met to deem eligible:

  • 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)

Rather than being unsure of your eligibility status, why not have Skyfy Technology to check it out for you? It will only take you less than 3 minutes! Contact us and we will get back to you once we received your details!




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