Government Grant Available for Singapore SMEs: 2023
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InvoiceNow Grant
InvoiceNow is one of the e-invoicing method that facilitates the direct transmission of invoices in a structured digital format across accounting software. Operating on the open standard Peppol network, this new standard of invoicing will help both SMEs and Large Enterprises enjoy smoother Invoicing, faster digital payments, and greener environment. To accelerate registration and transaction thru InvoiceNow network, IMDA has introduced new grants for companies to apply.
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Productivity Solutions Grant (PSG) for MYOB / ABSS Accounting Software
The Productivity Solutions Grant (PSG) helps Singapore companies improve their productivity and automate existing processes through IT solutions and equipment. e.g. accounting, payroll, inventory software to enhance productivity. Eligible companies will receive a support level of up to 50%.
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Productivity Solutions Grant (PSG) for SQL Accounting Software
The Productivity Solutions Grant (PSG) helps Singapore companies improve their productivity and automate existing processes through IT solutions and equipment. e.g. accounting, payroll, inventory software to enhance productivity. Eligible companies will receive a support level of up to 50%.
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SkillsFuture Enterprise Credit (SFEC)
The SkillsFuture Enterprise Credit (SFEC) encourages employers to invest in enterprise transformation and capabilities of their employees. Eligible employers will receive a one-off S$10,000 credit to cover up to 90% of out-of-pocket expenses on qualifying costs for supportable initiatives, over and above the support levels of existing schemes.
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Chief Technology Officer as-a-Service (CTOaaS)
CTOaaS provides quick access to resources and expertise needed on your digitisation journey, whether you are looking for a specific solution, need help in digitalise, or not sure if you are ready to digitalise. Companies can also enjoy 1st Digital Consultancy Service and Project Management support at no cost.
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Digital Resilience Bonus (DRB) - Ended 30th June 2021
DRB is targeted or exclusive to F&B and Retail enterprises to receive up to S$10,000 bonus for adopting pre-defined digital solutions to digitalise and quickly adapt to the new post-COVID-19 norms. To qualify for DRB, companies must be incorporated on or before 26th May 2020 and meet the mandatory criteria to be eligible for the bonus.
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Productivity Solutions Grant (PSG) for Laptop - Ended 31st December 2020
Laptop-bundled remote working solutions has been added to help enterprises implement COVID-19 businesses continuity and social distancing measures.
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E-Invoicing Registration Grant (ERG) - Ended 31st December 2020
The ERG is a new scheme to help businesses in Singapore to digitalise. As businesses look for digital solutions to enable their staff to work remotely, the Grant will directly assist businesses enable e-invoicing features on their existing or new solutions, allowing their finance staff to work remotely.