7 SME Grants in Singapore That Help Fund POS System Adoption

Modernising your business with a POS system doesn’t have to be expensive. With multiple SME grants available in Singapore, small and medium enterprises can access funding support to adopt digital tools that improve operations and customer service. This guide explores 7 key SME grants that can subsidise your POS system investment.

1. Productivity Solutions Grant (PSG)

The Productivity Solutions Grant (PSG) is Singapore’s most well-known funding scheme for SMEs looking to adopt tech solutions like POS systems. It offers up to 50% funding support for pre-approved digital tools under the IMDA’s SMEs Go Digital programme.

Ideal for:

• Retail and F&B businesses

• SMEs looking for plug-and-play POS systems

POS System Benefits Under PSG:

• Real-time sales tracking and inventory management

• Cloud-based access from any device

• Customer loyalty features and CRM tools

• Seamless payment gateway integrations

How to Apply:

• Visit the GoBusiness Portal

• Choose a pre-approved POS vendor

• Submit your application through the Business Grants Portal

2. Hawkers’ Productivity Grant (HPG)

For individual stallholders, the Hawkers’ Productivity Grant (HPG), managed by the National Environment Agency (NEA), offers funding of up to 80% for productivity-enhancing equipment, including POS systems, with a cap of $7,000 per stall.

Ideal for:

• Individual hawkers and food stall owners

Why It Matters:

• Streamlines order processing in high-volume settings

• Enables QR code scanning and cashless payments

• Reduces customer wait time and improves service

3. Enterprise Development Grant (EDG)

The Enterprise Development Grant (EDG) supports business transformation projects—including equipment upgrades, process improvements, and digital adoption strategies.

Funding Support:

• Up to 50% – 70% of qualifying costs

• Covers software, equipment (POS systems), training, and consultancy

Ideal for:

• SMEs undergoing large-scale digital transformation

• Businesses with custom POS integration needs

POS System Use Cases in EDG Projects:

• Integrating POS with ERP or accounting systems

• Designing multi-outlet POS workflows

• Automating order fulfilment across locations

Eligibility:

• Registered in Singapore

• Minimum 30% local shareholding, either by Singaporeans or Singapore PRs

• Financially viable to undertake the project, to be determined by various financial markers

4. Start Digital Pack (from IMDA & Enterprise Singapore)

The Start Digital Pack is designed for new SMEs or startups that want to adopt digital solutions from day one. While not a grant in the traditional sense, it offers free use of basic digital solutions for at least 6 months, including POS systems provided by participating vendors.

Ideal for:

• Startups and newly registered SMEs

What’s Covered:

• Basic POS systems

• Cybersecurity, accounting, and HR tools

Where to Get It:

• Offered through banks like DBS, OCBC, UOB, and telcos like Singtel and M1. After the free period, businesses can continue at a discounted rate or explore further grants like PSG. 

While the Start Digital Pack provides free digital solutions, businesses should recognise that the solutions offered are only the basics, and often lack the comprehensive features found in those offered by specialised POS companies like EPOS. For SMEs looking to scale in the long term, it is more ideal to invest in a more robust POS system. 

5. Startup SG Tech Grant

The Startup SG Tech Grant is a competitive grant that supports the development and commercialisation of innovative tech products. If you are developing your own POS system or a value-added POS-related feature, this grant can help fund the Proof-of-Concept (POC) or Proof-of-Value (POV) stages.

Ideal for:

• Tech startups

What It Funds:

• Prototype development

• Product validation and testing

• Initial market deployment

6. Market Readiness Assistance (MRA) Grant

The MRA Grant can fund market expansion efforts, which is especially useful if you’re setting up your business in new international outlets.

What’s Covered:

• Overseas market set-up

• Business development

• Marketing and e-commerce activities

Potential POS System Tie-Ins:

• Setting up POS infrastructure in new regional outlets

• Integrating POS with global payment or tax systems

Funding Support:

• Up to 50% of eligible costs, capped at S$100,000 per new market

7. SkillsFuture Enterprise Credit (SFEC)

Adopting a new POS system often requires staff training. The SkillsFuture Enterprise Credit (SFEC) offers extra financial support to encourage SMEs to upskill employees when implementing new technology.

Funding Amount:

• $10,000 credit per enterprise

• Covers up to 90% of qualifying costs for training and transformation initiatives

Use with POS Adoption:

• Staff training on POS software

• CRM and inventory system education

• Digital marketing tied to POS data

Combine SFEC with PSG or EDG to cover both system adoption and employee readiness.

Why Government Grants Are Critical for POS System Adoption

POS systems are no longer just cash registers. They’re business command centres, and can manage payments, inventory, customer data, loyalty programmes, and real-time analytics.

With SME grants covering 50% to 80% of costs, Singaporean businesses can:

• Reduce tech adoption risk

• Improve accuracy and speed of operations, thereby providing more operational excellence

• Deliver better customer service, improving customer retention

• Scale with confidence

Grants also help SMEs stay competitive with larger enterprises by closing the digital gap and enabling smarter decision-making with data.

Importance of Choosing the Right Vendor for Grants

Working with the right vendor can help you navigate the grant process more smoothly, identify suitable funding options, and implement solutions that deliver real business value. A knowledgeable partner ensures you meet eligibility requirements and maximise the benefits of available support schemes.

With pre-approved solutions for both the Productivity Solutions Grant and the Hawkers’ Productivity Grant, over $30 million in grants applied for and approved, and more than 8 years as a pre-approved PSG vendor, EPOS has the experience and expertise to guide businesses through their digitalisation journey.

EPOS will help you assess your eligibility for applicable SME grants and government support schemes that can fuel your growth, from digitalisation to operational upgrades. Whether you run an F&B outlet, retail store, or service-based business, EPOS offers customised solutions to fit your needs. Book your free demo today and see how our grant-supported POS system can transform your business.