The Productivity Solutions Grant (PSG) is a new initiative, offered by Info-communications Media Development Authority (IMDA) to boost the productivity of SMEs in Singapore. PSG also aims to better support businesses in the next phase of transformation by adopting eCommerce solutions.

The funding support level will be raised up to 80% and the submission deadline of PSG application is  on 31st December 2020. 

Level up your business with Shopify

The IMDA has pre-approved Shopify as a digital solutions platform. It is listed as funding support of eligible costs under the Productivity Solutions Grant (PSG), as a part of SMEs Go Digital Program. This program is designed to help SMEs in Singapore make the most of digital technologies to improve operations and generate new revenue.

Businesses that are eligible can sign up for Shopify and save up to 80% on their annual plans such as Basic, Shopify, or Advanced plan. You can also save up to $6,400 USD on an annual Shopify Plus plan before 31st December 2020.

SMEs to apply for PSG with the following steps:

STEP 1- Get a quote from Shopify

Go to Shopify’s webpage and provide your business details. Shopify will send a quote for a Basic, Shopify, Advanced, or a Plus plan. The following information will be needed to apply:

• Shopify subscribers of Basic, Shopify, Advanced or Plus plan
• Registered and operating in Singapore
• Using their subscription in Singapore
• At least 30% locally owned

STEP 2 – Apply for PSG

The Shopify Productivity Solutions Grant Application can be completed using the Business Grants Portal. Businesses must be listed as ‘retail’ to apply. 

STEP 3 – Purchase your annual Shopify plan

The billing for a Shopify PSG is annual compared to Shopify’s usual monthly billing. For more information, you can visit Shopify’s guide here

STEP 4 – Submit your final claim

Use the Business Grants Portal to get reimbursed.

For more information, you can check out Shopify’s  website and FAQ’s here