SPRING ICV GRANT
Application Process Flow
To encourage more SMEs to embark on their first steps towards capability development, ICV supports SMEs in the adoption and implementation of simple solutions to improve business efficiency and productivity. Each SME can apply up to a maximum of two vouchers to implement productivity solutions out of the available eight vouchers for each SME.
ICV supports the implementation of recommendations from previous consultancy projects as well as simple productivity solutions under the supportable cost categories of (i) equipment & hardware, (ii) technical solutions & training, (iii) design & renovation. All purchases must be made only after the indicated solutions/ items have been approved in the application.
With effect from 22nd July 2014, the list of non-supportable items has been updated and SMEs are encouraged to take up Integrated Solutions (IS), which are easy-to-adopt packaged solutions that combine hardware and equipment, software and/or training components. Please click here for the list of non-supportable items.
The available integrated solutions (IS) are listed as follow :
Automates processes in tracking of inventory and sales transactions, thereby providing insights on its customers and into the store’s best selling products
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
- Have group annual turnover of not more than $100 million OR group employment size of not more than 200 employees
- Have valid business address
- Have incorporated more than 6 months.