Innovation Voucher Scheme (IVS)

What is IVS?

The Innovation Voucher Scheme (IVS) of Spring Singapore aims to encourage Small Medium Enterprises (SMEs) to work with participating public Knowledge Institutions (KI) such as the Centre of Innovation for Electronics (COIE) in adopting technology to try out their innovation ideas. This helps SMEs connect with the KIs and build better links for furture partnerships.

How does IVS work?

All SMEs with an innovative idea can apply for an innovation voucher worth S$5,000 from SPRING Singapore. These can be redeemed at participating KIs for technology-related advice and services.

To increase the chances of a successful application, the technology services required should preferably be related to your current business activities. The services should also fall within the areas of expertise available in the KIs. The following are some of the areas of focus of the COIE.

Area of Focus

Design Consultancy
Pre-compliance & Verification
Interoperability Test
Test Engineering
Test-bedding of new products and services
Product / System characterisation & performance measurements


How to apply?
If you would like to know more about the Innovation Voucher Scheme (IVS) and the services that you can get at COIE, please feel free to contact us.