Centralized tool storage, dispensing & inventory management (IM) system with 2 key components:
1) Smart IM software:
Monitors tool inventory, stock level & consumption rate; and
With customizable option to link to ERP or supplier online automated ordering process; and;
Controls the issuing of tools per user’s security access level
2) Tool dispensing hardware
Hardware can be in the form of a drawer or coil vending system.
Grant support: 80% of cost of equipment, up to $22,400 grant
Details of Solution
Applicants must meet the following eligibility criteria at the point of application:
a) must be registered in Singapore
b) purchase/lease of the IT solution or equipment must be used in Singapore
c) must not have:
- Made any payment to a supplier, vendor or third party in relation to the purchase/lease of the IT solution or equipment
- Signed any contract with a supplier, vendor or third party in relation to the purchase/lease of the IT solution or equipment
Please refer to ‘Things to Note’ for additional requirements.
Mode of Payment
80% for SMEs
N.A. for non-SMEs
Things to Note
Unit is expandable, customizable to hold different types of tools, and fully secured.
Support only hardware and software.
- Minimum 30% ordinary shares (ultimate individual ownership) held directly/indirectly by Singaporean/PR
- The purchase of pre-owned/used equipment is not supportable.
Interested companies can get a quotation from your selected vendor, before applying for the PSG through the Business Grant Portal (BGP).