The Two Main Paths

Singapore’s grant landscape is generous but specific. For most SMEs, the journey starts at the GoBusiness PSG Portal or the Enterprise Singapore EDG page.

It generally breaks down into two categories: buying tools (PSG) or building strategy (EDG).

1. PSG (Productivity Solutions Grant)

The Purpose: Buying standardised, off-the-shelf software.

  • Examples: Buying Xero for accounting, Shopify for e-commerce, or Microsoft 365.
  • Pros: Fast approval, pre-approved vendors.
  • Cons: Zero customization. You must use the software exactly as it is sold. You cannot request bespoke features.

2. EDG (Enterprise Development Grant)

The Purpose: Strategic transformation and custom projects.

  • Examples: Building a custom AI automation platform, rebranding your company for overseas expansion, or creating a unique digital product.
  • Requirement: You must work with a Certified Management Consultant (RMC) to ensure the project has strategic depth.
  • Pros: Highly flexible. Pays for significant portions of the project (up to 50-70%).
  • Cons: Rigorous application process, requires audits and detailed proposals.

Which One Should You Choose?

Use PSG for the "Boring" Stuff.
Don't build your own accounting software. Just buy Xero using PSG. It's cheap, standard, and works.

Use EDG for Your "Secret Sauce."
If you are building a platform that gives you a competitive advantage - something your competitors don't have - that requires EDG. Strategic consulting (like what Upsolut provides) often falls under this scope.

Eligibility Checklist

Generally, to qualify for either, you must:

  1. Be a business entity registered and operating in Singapore.
  2. Have at least 30% local shareholding.
  3. Be in a financially viable position to start and complete the project.
"Grants are a bonus, not a business model. Never start a project primarily because it is 'free money.' Start it because it drives revenue."
"Own the Strategy, Rent the Execution."

This aligns with modern agile organizational structures, where core functions are kept lean while specialized capabilities are augmented externally.

Start your Strategy Consultation →