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Step-by-Step Guide 18 December 2025 2 min read

PSG Quick-Start Checklist: Am I Eligible in 2 Minutes?

Check your PSG eligibility in under 2 minutes with this quick-start checklist. PSG is the fastest EnterpriseSG grant to process—just 6 weeks from application to approval. Verify the 6 key requirements: Singapore registration, 30% local ownership, SME size limits, solution used in Singapore, no pre-payment rule, and not an excluded entity type.

Verified 12 March 2026

Check your PSG eligibility in under 2 minutes. PSG is the fastest grant to process—just 6 weeks.

Eligibility Checklist

Answer these 6 questions:

Eligibility Requirements

  • Not completed
    Business registered and operating in Singapore
  • Not completed
    At least 30% local equity (Singaporean/PR) - direct or indirect
  • Not completed
    Group annual sales ≤ S$100 million, OR Group employment ≤ 200 employees
  • Not completed
    IT solution or equipment will be deployed in Singapore
  • Not completed
    You have NOT made any payment or deposit to the vendor yet
  • Not completed
    You are NOT a charity, IPC, religious entity, VWO, government agency, or society

All boxes checked? You’re likely eligible.

What Makes PSG Unique

FeaturePSGMRAEDG
Processing Time6 weeks8-12 weeks8-12 weeks
Audit RequiredNoYesYes
Funding CapS$30,000S$100,000/marketNone
Pre-ApprovalRequiredOptionalNo

5-Step Quick Start

Step 1: Find Pre-Approved Solutions

Visit GoBusiness Gov Assist to browse:

  • Sector-specific IT solutions
  • Generic IT solutions
  • Pre-approved equipment
  • Pre-approved consultancy services

Step 2: Get Quotation from Approved Vendor

For IT solutions:

  • Quotation must match Annex 3 of the solution package
  • Must be from the pre-approved vendor

For equipment:

  • Include product brochure
  • Include technical specifications

Step 3: Prepare Documents

  • Financial statements (past 3 years)
  • Vendor quotation (addressed to ACRA company name)
  • Business impact description
  • Tenancy agreement (if non-ACRA address)

Step 4: Apply on BGP

  1. Log in with Corppass
  2. Complete application form
  3. Upload documents
  4. Submit

Step 5: Wait 6 Weeks

PSG has the fastest processing time of any EnterpriseSG grant.

Funding Details

  • Support level: 50% of eligible costs
  • Cap: S$30,000 per application
  • Covers: Purchase cost only (not delivery or installation fees)

Excluded Entities

These organization types cannot apply:

  • Charities
  • Institutions of Public Character (IPCs)
  • Religious entities
  • Voluntary Welfare Organisations (VWOs)
  • Government agencies and subsidiaries
  • Societies

Find Your PSG Solution

Compare pricing and vendors across 500+ IMDA pre-approved solutions

Need help with your application?

Check if you're eligible and get your document checklist in 30 minutes.

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Helpful Tools

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