Home » Government Assistance » Grants » Product Development & Innovation » Innovation & Capability Voucher (ICV)
Apply for a voucher worth S$5,000 to improve business efficiency and productivity through consultancy projects or simple productivity solutions.
SPRING Singapore would like to caution SMEs against websites that are misusing its logo and name.
Please note that all ICV applications will be processed within 3 weeks upon submission of all required documents.
With effect from 22 July 2014, the scope of supportable productivity solutions under the Innovation & Capability Voucher (ICV) has been revised to help SMEs adopt solutions that bring out significant productivity improvement to their operations. The categories of “Technical Solutions” and “Professional Services” have been combined to form “Technical Solutions & Training.” The purchase of standalone consumer electronics and electrical appliances are not supportable as SMEs are encouraged to take up Integrated Solutions that can enhance productivity holistically. This could be a combination of equipment, systems and training that are scoped into easy-to-adopt packages.
* Computed on a group basis, i.e. checking all levels up for corporate shareholders holding more than 50% of the total shareholding in your company and any subsequent corporate parent, and all levels down in subsidiary companies.
With effect from 22nd July 2014, SMEs may opt for integrated solutions, which are easy-to-adopt packaged solutions that combine hardware and equipment, software and/or training components. The available integrated solutions are:
Supported items: POS system, display (e.g. tablets), barcode scanner, receipt printer and related software & hardware
Supported items: Display cabinets (only cabinets with display purposes), racks, shelves and shelving systems
Please note that:
In the application, please attach the pre-renovated area(s).
For more information on how to apply, please contact Restaurant Association of Singapore (RAS):
*For general 5S implementation (for non-F&B SMEs), you may refer to the list of consultants under Productivity Improvement Projects under Consultancy Projects here.
For more information on how to apply and which are the available vendors, please contact Singapore Chinese Chamber of Commerce & Industry (SCCCI):
Supported items: Hardware (RFID tags, scanners, required smart devices and etc.), related software, customisation, set-up costs, related training and subscription cost (up to 2 years)
Supported items: Hardware (alert tags, smart devices, server and etc.), related software, customisation, set-up costs and related training
Innovation & Capability Voucher (ICV)
FAQs on ICV Scheme (PDF)
1 Fusionopolis Walk
#01-02 South Tower, Solaris
Tel: (65) 6898 1800
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