Normally a matured oocyte called Metaphase 2 ( M2 ) oocyte is released from ovary at the time of ovulation. Similarly, during routine IVF procedure matured oocyte is collected from the ovaries.
In IVM process immature eggs ( Germinal vesicle & metaphase1 ) are collected from the ovaries & then matured inside incubator in embryology laboratory. This is why it is called In Vitro Maturation ( IVM ).
In Vitro Matured egg is then used for ICSI.
In IVF & ICSI both processes semen sample is processed to separate healthier fraction of sperms .
During IVF process sperms are incubated overnight in culture dishes with aspirated mature oocytes . Here fertilization takes place naturally.
ICSI is advanced modification of IVF .
During ICSI each oocyte is held & injected individually with selected sperm by trained embryologist . That is why the term ICSI- Intra Cytoplasmic ( oocyte cytoplasm ) Sperm Injection is used