What is Productivity Solutions Grant (PSG)?
PSG is a local grant set up by IMDA’s SMEs Go Digital Program. It aims to provide funding for SMEs in Singapore seeking to adopt IT solutions to enhance their productivity and digitalise their business processes. By offering 70% funding, SMEs can gain major cost-savings on technology investments.
Invest in future-proof technology that boosts productivity
V3’s Fleet Management System (FMS) and Dash Cams with AI capabilities are available for the PSG Grant. Our solutions falls under the Fleet Safety and Fleet Management System on the SME Portal web’s list of pre-approved solution category. With V3’s FMS and Dash Cams, you can optimise your fleet’s performance and increase safety on the road.
About V3's Fleet Management System
V3’s Fleet Management Solution offers a comprehensive view of your fleet’s location, allowing you to track all vehicles at a glance. It also provides actionable insights to optimise fuel costs and route planning, helping you save money and improve efficiency. Combined with V3’s Dash Cams, fleet businesses can gain full visibility on their fleet to minimise accidents, reduce costs and enforce safety.
SMEs can apply for PSG if they meet the following criteria:
- Business is 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)
Grant Application Process
1. Check your eligibility
2. Get a quote from V3 Smart Technologies
3. Submit an application on the Business Grants Portal (BGP) using a CorpPass* account
Our solution experts will guide you through the required documents, quote and application process.
*Singpass is needed to register for CorpPass. There are 2 types of CorpPass IDs. Only director CorpPass can apply for grants.
Frequently Asked Questions
Businesses must apply for PSG before making payment to the pre-approved vendor and signing any contract, else the PSG application will be rejected.
There is a grant cap of S$30,000 for each business entity between 1 April to 31 March of every year.
The PSG grant is available for our Fleet Management System (FMS), or our FMS combined with live streaming dash camera solution.
FMS is suitable for small to large fleet businesses seeking to increase their fleet efficiency, to understand and reduce fleet operating costs, and to monitor their drivers and trip progress. Dash cams are an additional, powerful tool for businesses to protect their fleet from accident risks, insurance claim frauds, and to ensure that safety regulations are being followed by drivers.
If you are uncertain about what you need, talk to our solution experts to know more.
All submissions are required by government to be submitted by the business entity itself. However, our experienced solutions experts would be happy to guide you through the process.
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