LAST CALL! ICV will end in June 2018
SGD5K at a Glance
The SGD5K Grants 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 consultancy in the areas of innovation, productivity, human resources and financial management.
Apart from consultancy, SGD5K also supports SMEs in the adoption and implementation of simple solutions to improve business efficiency and productivity. SMEs can use the SGD5K to implement productivity solutions under the supportable cost categories of
(i) equipment & hardware,
(ii) technical solutions & training,
(iii) design & renovation.
Each SME is entitled to a maximum of eight SGD5K grants. Each SGD5K project must be completed before the submission of a new application. The duration for each project should not exceed six months.
All local SMEs can apply for SGD5K 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
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