• bookmark
  • print
  • 0

  • comment


  • share


Innovation & Capability Voucher (ICV)

Publisher Image

Published by SPRING Singapore
on 08 Mar 2018

Come 1 April 2018, the Innovation & Capability Voucher (ICV) will be streamlined under the Productivity Solutions Grant (PSG). PSG combines the existing grants under various agencies, including the ICV Programme, Landscape Productivity Grant (LPG), and grant support under the SME Go Digital Programme. The streamlining of financial assistance schemes would ensure companies now have a centralised platform to access pre-scoped technology solutions that meet their business needs.

More information can be found here.

ICV applications received before 29 March 2018, 5PM, will be processed accordingly under existing scheme parameters via the existing ICV Online Portal. Thereafter, the PSG will be available to businesses on 1 April 2018 on the Business Grants Portal. SMEs will be able to submit ICV claims on the ICV portal up till 28 September 2018, 5PM.


Innovation & Capability Voucher at a Glance        

The Innovation & Capability Voucher (ICV) is a simple to apply, easy-to-use voucher valued at $5,000, to encourage SMEs to develop their business capabilities.

SMEs can use the voucher to upgrade and strengthen their core business operations through consultancy in the areas of innovation, productivity, human resources and financial management. Apart from consultancy, ICV also supports SMEs in the adoption and implementation of pre-scoped Integrated Solutions to improve business efficiency and productivity.

Each SME is entitled to a maximum of eight vouchers. Each ICV project must be completed before the submission of a new application. The duration for each project should not exceed six months.

Eligibility Criteria                                                   

All local SMEs can apply for ICV if they meet the following criteria:

  • Registered and operating in Singapore
  • Have a minimum of 30% local shareholding, and
  • Have group annual turnover of not more than S$100M OR group employment size of not more than 200 employees

To Apply

  • Apply online via the ICV Online Portal (Best viewed with Microsoft Internet Explorer 7.x, 8.x and 9.x).
  • Please visit www.spring.gov.sg/ICV for more information on the required documentation.
  • All users will have to use the Singapore Corporate Access (CorpPass) to access the ICV Portal. This transition onto CorpPass will give companies greater control, security and efficiency for their corporate online transactions with the government. More information about the CorpPass and how companies can apply for it is available at www.corppass.gov.sg.

For More Info

Innovation & Capability Voucher (ICV)

Last Modified Date: 08 Mar 2018


Sign in to post comment.