Innovation & Capability Vouchers Overview
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The Innovation and Capability Voucher (ICV) is an initiative launched to encourage Small and Medium Enterprises (SMEs) to develop capabilities for their business. The ICV voucher is valued at $5,000 and is both easy to apply and simple to use.
The ICV also support SMEs in the implementation and adoption of pre-scoped integrated Solutions to improve business productivity and efficiency.
Local Small and Medium Enterprises (SMEs) may apply for ICV if they meet the following criteria:
- Business is registered and operates in Singapore
- Minimum of 30% local shareholding
- Group annual turnover of maximum of $100 million OR group employment size is not more than 200 employees