The Innovation & Capability Voucher (ICV) is a simple to apply, easy-to-use voucher valued at S$5,000.
SMEs can use the voucher to upgrade and strengthen their core business operations through consultancy in the areas of:
Apart from consultancy, ICV also supports SMEs in the adoption and implementation of simple solutions to improve business efficiency and productivity.
A company registered and operating in Singapore
Have a minimum of 30% local shareholding
Have an annual turnover of NOT more than $100 million or group employment size of NOT more than 200 employees
Upon fulfilment of the above criterias, each SME is entitled to a maximum of 2X S$5,000 vouchers for each following of the 4 categories:
Equipment & Hardware
Technical Solutions & Training
Design & Renovation
SMEs may apply directly with SPRING to support the productivity solutions, on a reimbursement basis. The reimbursement will be made directly to the SME. All purchases must be made only after the indicated solutions/ items have been approved in the application.
How to Apply?
Apply online via the ICV Online Portal.
Please refer to the relevant sections under Consultancy Projects and Productivity Solutions for more information on the application process.
This scheme is administered by Spring Singapore and please click here for more information.