📋Eligibility criteria

Learn about the eligibility criteria for pre-approval.

ICM Vendors with ready solutions that are market proven for SMEs must meet the following criteria to apply for SMEs Go Digital Pre-Approval.

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Assessment area

Pre-Approval criteria

ICM Vendor has proven track record with SMEs for the solution

• At least 5 SMEs* who have used the solution for a minimum period of 6 months, and are currently still using the solution.

• There must be no negative feedback from Customer Satisfaction Survey.

• ICM Vendor must be registered in Singapore.

• ICM Vendor's company must have been incorporated for a minimum of 18 months.

*Note: SMEs must not be from subsidiaries nor affiliated companies. SMEs must be from your solution's target sector. Click here to understand how to fulfill the SME track record requirement.

ICM Vendor provides adequate resources to support local SMEs

• At least 5 SME customers have indicated that they are satisfied with the ICM Vendor’s service.

• ICM Vendor must be able to offer at least 8 hours x 5 weekdays of post-sales support via on-site/teleconference and be reachable 24/7 via email/contact form.

ICM Vendor is financially stable

• ICM Vendor must have a positive net equity in the latest financial year.

• The current ratio derived from the latest financial year (current assets divided by current liabilities) must be greater than or equal to 1.

ICM Vendor has good track record with government agencies.

• ICM Vendor must have satisfactory track record with government agencies.

• ICM Vendor is not suspended from being considered for pre-approval due to breaches or non-compliances.

ICM Vendor has a fully operational professional website that provide details of the solution.

• Functional Website URL

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