
SPRING Singapore - Innovation Voucher Scheme (IVS)
To encourage many more SMEs to adopt technology and innovation to create new growth opportunities, Spring Singapore is launching its pilot Innovation Voucher Scheme to encourage SMEs to tap on the extensive engineering and resource base of the Centres of Innovation (COI) for assistance with their technology innovation projects.
PE COI (Precision Engineering Centre of Innovation) has been awarded by SPRING Singapore as Approval In Principle service provider under the Innovation Voucher Scheme (IVS) to provide knowledge services to SMEs.
SMEs can apply for the innovation vouchers worth $5,000 each and redeem them at PE COI for technology related or consultancy services. These services include technology feasibility studies, innovation support services and consultancy services.
For details on the Scheme or to apply for the voucher, please visit SPRING Singapore web site:
http://www.spring.gov.sg/ivs
SMEs may also contact PE COI for details:
Ms. Verlin Cheong
Tel No : 6793 8360
Email : ahcheong@SIMTech.a-star.edu.sg

Technical Feasibility Studies
- Assessment of new technology
- Early stage R&D & prototyping
- Adoption and development of new products/ processing technology/ applications/ practices/ operations
- Upgrading of existing products/ processing technology/ applications/ practices/ operations
Technical Support Services
- Product design and development including rapid prototyping & interoperability test
- Process design, development and optimization including computer simulation & software development
- Testing, evaluation and validation with analysis/ conclusion of findings including pilot testing and reliability evaluation
- Consultancy on machinery and equipment commissioning
Technical Skills and Knowledge development
- Specific training courses customised to the technology needs of the company, e.g. workshops and courses for upgrading technology capabilities
| Some examples of project areas for use of IVS | |
| Types of Expertise | Specific services offered |
| Technical Feasibility Studies |
|
| Technical Support Services |
|
| Skills and
Knowledge Development |
|



