To encourage CSIs competitiveness and innovation, the department has instituted a scheme called Innovation Voucher Scheme (IVS) which is a form of grant provided to enhance CSIs productivity and competitiveness in collaboration with Research and Development programs with Research Institutes and Knowledge Providers to address specific productivity issues.

The maximum value of the innovation voucher is Nu. 200,000 (two hundred thousand). Should the grant requirement exceed the maximum threshold, the balance cost must be borne by the applicant.

Attached: Guidelines for the IVS