Implement Productivity Solutions and ICV Claims

Implement Productivity Solutions and ICV Claims

implement productivity solutions and icv claimsAs the demand for productivity solutions increase, SMEs are encourage to upgrade its capabilities in the areas of productivity. There are many resources to assist SMEs and start-ups in fostering a globally competitive brand. ICV supports SMEs in the adoption and implementation of simple solutions to improve business efficiency and productivity under the supportable cost categories of

(i) equipment & hardware, (ii) technical solutions & training, (iii) design & renovation.

SPRING Singapore is working with partners to introduce more integrated solutions (IS) in the near future. Each SME can apply up to a maximum of two vouchers to implement productivity solutions out of the available eight vouchers for each SME. You may view the list of non-supportable items.

One of the available Integrated Solutions (IS) is the Mobile Ordering and Payment System

Mobile Ordering and Payment System

The mobile ordering and payment system is a total solution that ranges from order taking to payment. It facilitates the ordering of products, items and inventory through the use of a mobile device, thereby resulting in increased productivity and reduction in manpower. Customer billing and payment system is an integral part of this solution.

The supportable components includes Hardware (smart devices etc.), related software, on-boarding services and customization, and related training. These consists of Point-of-Sales (POS) / mobile menu ordering systems and training as part of an integrated solution such as training for the use of these systems.

The Point-of-Sales (POS) system automates processes in tracking of inventory and sales transactions. It is able to generate sales report and provides insights on the company’s customers. Additionally, it is also able to provide information on the store’s best-selling products.

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Tablets used as part of an integrated solution mentioned above are considered as one of the supportable equipment and hardware.

Do note that the purchase of website and mobile application development will not be supported unless they are part of the Integrated Solutions.

Eligibility

Who Can Apply for ICV?
You are eligible for ICV if your company:

  • Is physically present and registered in Singapore
  • Have at least 30% local shareholding, and
  • Have a group annual sales turnover of not more than S$100 mil OR group employment size of not more than 200 workers

You may apply via ICV online portal

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