Introduction
In today’s competitive business landscape, having a reliable and efficient Point-of-Sale (POS) system is essential for SMEs in Singapore. However, many business owners struggle with the costs associated with adopting digital solutions. Fortunately, the Singapore government offers multiple grants to support SMEs in upgrading their POS systems, helping them improve efficiency, reduce costs, and enhance customer experience.
This guide explores key government grants available in 2025, including the Enterprise Development Grant (EDG), Advanced Digital Solutions (ADS) Scheme, Energy Efficiency Grant (EEG), and NEA Climate Voucher Scheme. Whether you’re looking to invest in an omnichannel retail solution or energy-efficient equipment, this guide will walk you through the eligibility criteria, application process, and how to maximize your funding opportunities.
Understanding the Key Government Grants for POS Systems
1. Enterprise Development Grant (EDG)
The Enterprise Development Grant (EDG) supports SMEs in Singapore to grow and innovate by co-funding projects that help businesses build capabilities in core functions, innovation, and internationalization. If your business is looking to adopt an advanced POS system as part of its digital transformation, the EDG can be a valuable funding source.
Key Benefits of EDG for SMEs:
- Covers up to 50% of qualifying costs for SMEs [Enterprise Singapore].
- Helps in adopting advanced POS solutions that improve operational efficiency.
- Encourages business process optimization to enhance customer experience.
Eligibility Criteria:
- Registered and operating in Singapore.
- At least 30% local shareholding.
- Business must be financially viable to start and complete the project.
Application Process:
- Prepare the necessary documents (business profile, project proposal, financial statements, and vendor quotations).
- Submit the application via the Business Grants Portal (BGP).
- Await approval and implement the project after receiving approval.
- Submit claims for reimbursement upon project completion.
2. Advanced Digital Solutions (ADS) Scheme
The Advanced Digital Solutions (ADS) scheme was introduced to help SMEs adopt integrated digital solutions that go beyond basic automation. These solutions include AI-driven POS systems, omnichannel retail platforms, and smart inventory management.
Why SMEs Should Consider ADS for POS Systems:
- Provides up to 70% funding for approved solutions
- Helps SMEs integrate POS with e-commerce and inventory management.
- Supports businesses in adopting AI and data analytics for better decision-making.
Eligibility Criteria:
- Business must be registered and operating in Singapore.
- At least 30% local shareholding.
- Business must demonstrate a need for digital transformation.
Application Process:
- Identify an ADS pre-approved vendor (such as Edgeworks, which offers omnichannel POS solutions).
- Work with the vendor to submit an application under ADS.
- If approved, implement the solution and track the impact on business operations.
- Submit claims for reimbursement after successful implementation.
The IMDA Advanced Digital Solutions (ADS) Grant offers up to 70% funding to help SMEs adopt Omnichannel Retail Management (OCRM)—a solution to streamline operations, boost sales, and enhance customer experience.
3. Energy Efficiency Grant (EEG)
The Energy Efficiency Grant (EEG) is designed to help SMEs adopt energy-efficient (EE) equipment. Businesses can leverage this fund for other energy-efficient upgrades within their business.
Key Benefits of EEG for SMEs:
- Provides up to 70% support for pre-approved energy-efficient equipment.
- Helps businesses reduce electricity costs by adopting energy-saving POS systems.
- Encourages sustainability efforts while enhancing operational efficiency.
Eligibility Criteria:
- Businesses must be registered and operating in Singapore.
- At least 30% local shareholding.
- Equipment purchased must be used in Singapore.
Application Process:
- Choose pre-approved energy-efficient equipment from the eligible list.
- Submit an application through the Business Grants Portal (BGP).
- Upon approval, purchase and install the equipment within one year.
- Submit claims for reimbursement after installation and implementation.
4. NEA Climate Voucher Scheme
The NEA Climate Voucher Scheme is not a grant but helps SMEs boost sales by encouraging the adoption of energy and water-efficient appliances. Businesses can integrate this with POS solutions to attract environmentally conscious customers, optimize energy use, and enhance cost-effectiveness.
Key Benefits of the Climate Voucher Scheme:
- SMEs can tap into a $300 million market opportunity with over 1 million eligible households.
- Households receive $400 in vouchers for purchasing energy-efficient appliances.
- Businesses that accept Climate Vouchers can boost their sales and contribute to Singapore’s green goals.
Eligibility Criteria:
- SMEs must be registered and operating in Singapore.
- Businesses must be on the NEA-approved merchant list.
- Products offered must be on the eligible product whitelist.
Application Process:
- Apply to become an NEA-approved Climate Voucher merchant.
- Integrate the Climate Voucher module with a POS system.
- Set up an eligible product whitelist and get approval from NEA.
- Start accepting Climate Vouchers for energy-efficient POS equipment.
How Edgeworks Supports SMEs in Singapore
Edgeworks is a pre-approved vendor under the several funding support and provides SMEs with comprehensive solutions for digital transformation. Whether businesses require omnichannel POS systems, seamless Climate Voucher integration, or optimized retail management, Edgeworks simplifies the process.
Services Provided by Edgeworks:
- Omnichannel POS solutions that qualify for ADS funding.
- Climate Voucher integration to support energy-efficient initiatives.
- Consultation and grant application assistance to maximize funding opportunities.
Step-by-Step Guide to Applying for Grants
- Identify the right grant based on your business needs.
- Gather necessary documents (financial records, project proposal, and vendor quotations).
- Apply through the Business Grants Portal (BGP) for EDG, ADS, or EEG.
- Engage a pre-approved vendor like Edgeworks to implement the solution.
- Track implementation and submit claims for reimbursement.
If you’re uncertain on the application process, your eligibility, or have questions about grants related to POS system, drop us an email or contact us here.
Conclusion
Singapore SMEs have a variety of government grants to support their digital transformation and sustainability efforts. By leveraging funding opportunities like EDG, ADS, EEG, and the NEA Climate Voucher Scheme, businesses can adopt advanced POS systems and enhance efficiency while reducing costs. SMEs should explore their options early and work with experienced vendors like Edgeworks to ensure a smooth and successful grant application process.
