Artificial Intelligence and Data Analytics Grant
The Artificial Intelligence and Data Analytics Grant (AIDA) is launched as part of the Financial Sector Technology and Innovation (FSTI) scheme under the Financial Sector Development Fund (FSDF) to provide support for the strengthening of the AIDA ecosystem in the Singapore financial sector.
Financial Institution Track
This initiative seeks to promote the adoption and integration of AIDA in financial institutions (FIs). In cases where there is a resultant impact on the workforce, this initiative seeks to also encourage FIs to address such impact through proactive up-skilling, re-skilling and redeployment.
|Applicant Eligibility||Applicants should be Singapore-based FIs or industry consortiums.|
|Project Eligibility|| The project should demonstrate adoption of AIDA techniques that achieve business objectives of strategy & decision making or insights generation, including:
|Funding support||Up to 50% co-funding of qualifying expenses, which may include direct manpower and project costs (e.g. professional services, hardware/software, licenses).|
How to Apply
Applicants should submit their applications 3 months before the commencement of the project in Singapore to facilitate project discussions and processing of application.