SPRING Singapore Innovation & Capability Voucher (ICV) scheme
With effect from 1 November 2015, SMEs
will need to engage pre-qualified Integrated Solution Providers (ISPs)
when applying for ICV support for Integrated Solution, We are
pleased to announced that 01 BUSINESS SOLUTIONS PTE LTD is a Pre-Qualified Integrated Solution Provider (ISP) for
Resource Management System
Call us at 6220 3306 to find out how we
can help your organization.
Innovation & Capability Voucher (ICV)
improve business efficiency and productivity through consultancy projects
or simple productivity solutions. The Innovation & Capability Voucher
(ICV) is a simple to apply, easy-to-use voucher valued at $5,000, to
encourage SMEs to take their first step towards capability development.
SMEs can use the voucher to upgrade and strengthen their core business
operations through the adoption and implementation of simple 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.
All small and medium
enterprises (SMEs) that are registered or incorporated in Singapore with:
at least 30% local shareholding;
group annual sales not more than S$100M; or
employment size not exceeding 200 employees*.
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
To encourage SMEs to take the
first step towards capability development.
To strengthen businesses’
core operations through 3rd party consultancy projects in these areas:
human resources (HR)
financial management .
To assist SMEs in
implementing simple productivity solutions in the following areas:
equipment & hardware
technical solutions & training
Ř design & renovation productivity
You can apply for up to 8
vouchers worth S$5,000 each to pay for Consultancy Projects or Productivity
For implementation of simple
productivity solutions, each SME can apply up to a maximum of two vouchers to
implement solutions out of the available eight vouchers for each SME. For
this, 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.
The supportable cost
categories include :
Ř Equipment & hardware
Ř Technical solutions & training
Ř Design & renovation
For more info
& Capability Voucher (ICV) by SPRING Singapore
How to apply?
You may contact us at Tel: 6220 3306 to find out