In the early days of PIC (Productivity & Innovation Credit), laptops were one of the items that could be supported by government subsidies. However this support was ceased after PIC ended. To our delight again today, the subsidy is now back with PSG! However, it is only valid till 31 December 2020.
The Productivity Solutions Grant (PSG) supports companies in the adoption of pre-scoped IT solutions and equipment that helps enhance productivity.
Some of the different types of software that PSG support include Accounting, Human Resource Management (HR), Customer Relationship Management (CRM), Cyber Security, Document Management & many more. For more information about which software that is supported under PSG.
Due to the current COVID-19 pandemic and the Circuit Breaker measures put in place, a new scope has been included to further encourage businesses to continue their digitalization and productivity upgrading efforts.
Four expanded scopes have been added,
- Online collaboration tools
- Virtual meeting and telephony tools
- Queue management systems
- Temperature screening solutions
You probably wanted to focus at items 1 & 2 because it support,
- Laptops (limited to 3 per company)
- Zoom or Google Suite (Online meeting tool)
- 14.0 FHD IPS AG 250Nits
- Intel® Core™ i7-10210U Processor (6M Cache, up to 4.2 GHz)
- Graphic: Intel UHD Graphics
- 8GB DDR4 2666 SoDIMM / 512G M.2 2280 NVMe SSD
- 720p HD Camera / Fingerprint Reader
- 3 Cell 45Wh
- Intel AX201 2×2 AX + BT 5.0 / KYB English
- Windows 10 Professional 64 / NO Recovery Media
Businesses can enquire at both M1 and Singtel to find out more about their eligibility for the remote working laptop suite.
With the laptop & zoom virtual meeting tools, it will make remote working possible! You may also apply for the Enhanced WorkLife Grant to defray the cost of implementing flexible work arrangements. Each business may tap up to $105,000 through this grant.
Local 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 that must be used in Singapore
- Have a minimum of 30% local shareholding (for selected solutions only)
- Company’s Group Annual sales Turnover of not more than S$100 million, or Company’s Group Employment Size of not more than 200 workers
You may also further tap on SkillsFuture Enterprise Credit (SFEC) to defray the unfunded portion of PSG. SFEC provides a once-off $10,000 credit to encourage companies to further develop their capabilities and boost their workers’ skill sets.
This credit can also be used to defray up to 90% of such-out of pocket expenses. For more examples and details on how to use SFEC, visit here for information.
Feeling confused about all the different grants? Do check with our friendly colleagues to find out more about how you can adopt the latest digital solutions by tapping on different government grants to defray the cost.
Core Capabilities
Projects under Core Capabilities help businesses to prepare for growth and transformation by strengthening their business foundations. These go beyond basic functions such as sales and accounting.
Innovation and Productivity
Projects under Innovation and Productivity support companies that are exploring new areas of growth, or looking for ways to enhance efficiency. These include reviewing and redesigning of workflow and processes. Companies can also tap into automation and technology to enhance the efficiency of routine tasks.
Market Access
Projects under Market Access support businesses that are exploring to venture overseas. The EDG can help to defray some of the cost incurred when expanding into overseas markets.
*Note: As of 1 April 2020, all applications for EDG should include commitment to worker outcomes as part of the qualifying requirements. This will include wage increment, job creation, job redesigns or training for existing staff.
Qualifying project cost that is related to software and equipment, third party consultancy and internal manpower can be supported. As announced during the Supplementary Budget 2020, for the period 1 April 2020 to 31 December 2020, the maximum level of support will be enhanced to 80%. For businesses that have been very badly affected by the COVID-19 pandemic, the maximum level of support may even be raised to 90%, depending on a case-by-case review.
To qualify for EDG, companies must fulfil the following conditions: -Be registered and operating in Singapore -Have a minimum 30% local shareholding with Company’s Group annual sales turnover less than S$100 million, OR less than 200 employees -Be in a financially viable position to start and complete a project Should you require more information on the application process for the Enterprise Development Grant, please contact Woon at 9824 1643 or email woon@361dc.com.
