Productivity Solutions Grant (PSG) for Singaporean SMEs
Access our affordable and proven Pre-Approved Solutions under the IMDA’s SMEs Go Digital programme to empower your business!
Get up to 50% PSG grant subsidy
Great news for Singaporean SME’s! CADVision Systems is pleased to be part of the Singapore’s Infocomm Media Development Authority (IMDA)’s SMEs Go Digital initiative.
By adopting our CAD & CAM solutions that are listed as Pre-Approved Solutions, small and medium-sized enterprises (SMEs) can now access PSG Singapore to enjoy government incentive support for up to 50% grant subsidy!
About PSG Singapore
The Productivity Solutions Grant (PSG) is more than just financial aid for Singaporean SMEs; its primary aim is to enhance digital and automation capabilities, boosting overall productivity.
In alignment to the industry roadmaps such as the Industry Transformation Maps (ITMs) and Industry Digital Plans (IDPs), pre-scoped IT solutions such as CADVision Systems’s CAD & CAM offerings are helping SMEs to improve their process with advanced technology at a more affordable price.
- Up to 50% of eligible costs for local SMEs
Receive up to $30,000 financial support to boost your business
- Pre-approved solutions
Get support for sector-specific and generic solutions that are pre-approved by Enterprise Singapore (EnterpriseSG) and other participating agencies
Our PSG Care Packs
Package 1 [CADCAM] | Package 2 [CADCAM] | Package 1 [CAM] | Package 2 [CAM] |
|---|---|---|---|
$29,600.22 | $44,567.47 | $12,288.90 | $27,256.15 |
SOLIDWORKS Professional (Standalone) $17,311.32 | SOLIDWORKS Professional (Standalone) $17,311.32 | SolidCAM 2.5D $6,144.45 | SolidCAM 2.5D $6,144.45 |
SolidCAM 2.5D
$6,144.45 | SolidCAM 2.5D $6,144.45 | SolidCAM iMachining 2D $6,144.45 | SolidCAM 3D HSM $8,665.25 |
SolidCAM iMachining 2D $6,144.45 | SolidCAM 3D HSM $6,144.45 | SolidCAM 3D HSS $1,575.50 | |
SolidCAM iMachining 3D $10,870.95 | SolidCAM iMachining 3D $10,870.95 | ||
Our PSG Packages
Package 1 [CADCAM] | Package 2 [CADCAM] | Package 1 [CAM] | Package 2 [CAM] |
|---|---|---|---|
SOLIDWORKS Professional (Standalone) | SOLIDWORKS Professional (Standalone) | SolidCAM 2.5D | SolidCAM 2.5D |
SolidCAM 2.5D
| SolidCAM 2.5D | SolidCAM iMachining 2D | SolidCAM 3D HSM |
SolidCAM iMachining 2D | SolidCAM 3D HSM | SolidCAM 3D HSS | |
SolidCAM iMachining 3D | SolidCAM iMachining 3D | ||
Check Your Eligibility Today
To be eligible for the PSG Singapore, your company must meet the following criteria:
- Business Registration: The business entity must be registered or incorporated in Singapore.
- Local Shareholding: The company must have at least 30% local shareholding, directly or indirectly owned by Singaporean(s) or Singapore Permanent Residents (PRs), as determined by the ultimate individual ownership.
- Financial Criteria: The company’s group annual sales turnover must not exceed S$100 million, or the group’s total employment size must not exceed 200 workers. Refer to this Annex for more information.
- Usage of Solutions: The IT solutions or equipment purchased, leased, or subscribed to must be used in Singapore.
Exclusions: The following entities are NOT ELIGIBLE to apply:
- Charities
- Institutions of Public Character (IPCs)
- Religious entities
- Voluntary Welfare Organizations (VWOs)
- Government agencies and their subsidiaries
- Societies
How to Apply?
- Obtain a Quotation from Us
- Applicant companies must not have made any payment or deposits to CADVision Systems (PSG vendor) in relation to the IT solutions prior to submitting the grant application.
- Submit an Application via the Business Grants Portal (BGP):
- Log in to the Business Grants Portal (BGP) using your Corppass account to submit your application. If you do not have a Corppass account, sign up and refer to the following guides for assistance:
- Corppass User Guide
- BGP Step-by-Step Guide
- Refer to the PSG Application Checklist for the required documents and information.
- Log in to the Business Grants Portal (BGP) using your Corppass account to submit your application. If you do not have a Corppass account, sign up and refer to the following guides for assistance:
Why Choose Us?
CAD & CAM Experts
Our team of experts specializes in advanced CAD and CAM technologies, delivering innovative solutions for complex design and manufacturing challenges.
Training & Certification
We offer tailored training programs led by certified instructors. Gain hands-on experience and earn professional certifications to boost your skills and career prospects.
Industry Partnerships
We maintain strong partnerships with leading manufacturers and technology providers, giving you access to the latest tools and innovations.
Frequently Asked Questions (FAQs)
What is PSG
It is a financial assistance scheme provided by the Singaporean government to support businesses in adopting pre-approved productivity solutions and technologies that can enhance their business processes and productivity. The grant covers various sectors and aims to encourage companies to streamline operations and stay competitive through technological and process improvements.
Am I eligible for PSG?
To be eligible, your company needs to be registered and operating in Singapore with min. 30% local shareholding (Singapore Citizens / Permanent Residents) and have annual sales turnover <S$100 million OR <200 employees.
How can I submit my PSG application?
Kindly see Step-by-Step Guide by Enterprise Singapore.
How long will it take to process my PSG application?
4 – 6 weeks as indicated on Enterprise Singapore PSG FAQs site. You are highly encouraged to submit your application ahead of time to account for this processing duration.