Having a good functioning eCommerce website is essential to drawing in more customers. And to do that, you must have sufficient knowledge and budget to plan and execute a seamless shopping experience for your customers. Luckily, government grants for e-commerce are available in Singapore.
Here’s a list of SG grants that SMEs can enjoy for starting an eCommerce store.
Productivity Solutions Grant (PSG)
Grab the chance to get an 80% discount to start, run, and expand your business by applying through the Productivity Solutions Grant (PSG) before 31st March 2021.
Shopify is now on the list of the digital solutions pre-approved by IMDA for funding support under the PSG, as part of the SMEs Go Digital programme. Singaporean businesses are qualified for up to 80% discount on Annual Basic, Shopify, Advanced Plans (80% off ), and up to USD6,400 (~SGD8,733.76) abatement on the total cost of the Annual Plus Plan until 31 March 2021. The PSG support will return to 70% starting 1 April 2021.
How to apply?
- Get a quote from Shopify
- Apply for Productivity Solutions Grant
- Purchase the annual Shopify plan
- Submit the final claim
The Productivity Solutions Grant (PSG) assist Singaporean SMEs in adopting pre-scoped IT solutions and equipment that improves productivity.
SkillsFuture Enterprise Credit
Businesses can also opt to choose the SkillsFuture Enterprise Credit (SFEC) that covers up to 90% of out-of-pocket expenses for eCommerce.
The SkillsFuture Enterprise Credit (SFEC) supports employers to implement enterprise and workforce transformation actions with one time USD10,000 discount credit to cover up to 90% of out-of-pocket expenses for workforce transformation programmes and eligible enterprise development.
SFEC can also provide Job Redesign projects for companies. Eligible employers who match the EDG criteria can also acquire more subsidies under the SkillsFuture Enterprise Credits (SFEC) scheme:
- Have bestowed minimum of USD750 Skills Development Levy over the period required
- Have at least three Singapore Citizen employees or Permanent Residents (PRs) every month over the same period
- Have not applied for SFEC previously
Enterprise Development Grant (EDG)
The Enterprise Development Grant (EDG) helps Singaporean companies to flourish and be successful. This grant supports projects that help businesses improve, upgrade, or even expand overseas.
Business owners must submit their EDG project proposal to see if they are qualified for the grant. The grant funds qualifying project will be able to cover third party consultancy fees, software and equipment, and internal manpower cost. During the Supplementary Budget 2020, it is announced that the maximum support level will be raised to 80% from 1 April 2020 to 30 September 2021.
For enterprises that are severely affected by COVID-19, the support may be raised to 90% on a case-by-case basis until 31 December 2020.
Eligibility
- A business entity registered and operating in Singapore
- Acquired a minimum of 30% local shareholding
- Financially capable to start and complete the project
About D38 Ecommerce Agency
D38 is a South East Asia-focused ecommerce agency that provides end-to-end Ecommerce solutions to grow your business on the digital space and generate ongoing monthly revenue. Our e-commerce solutions range from website development, store management, logistics, CRM, customer loyalty programs, automated email marketing, SEO, marketing tools, product press-release (PR) to reputation management – helping international companies simplify e-commerce management across ASEAN Economic Community (AEC).
Our team consists of certified Shopify eCommerce experts, designers, developers, content creators and strategists working together to support and provide a seamless online shopping experience for our clients’ eCommerce websites.
We also have a market-specific digital channels team focusing on providing support for LINE Thailand and Japan, Naver for Korea, and ZhaoVN for global Chinese readers for social news and updates.
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D38 is a member of Digital 38 Group.
