IRTI launches smart economy grants to promote technology-based development solutions

Applications are invited from researchers, professionals and entrepreneurs engaged in product development or projects involving the application of emerging technologies like artificial intelligence or blockchain for business and economy with Islamic Finance component

  

Jeddah – The Islamic Research and Training Institute (IRTI) of the Islamic Development Bank (IsDB) Group has announced the launching of the Smart Economy Grants Program, offering cash awards of up to USD 10,000 for projects involving the application of emerging technologies to spur knowledge-driven economic transformation.

Applications are invited from researchers, professionals and entrepreneurs engaged in product development or projects involving the application of emerging technologies like artificial intelligence or blockchain for business and economy with Islamic Finance component.

Eight grant recipients will be selected and awarded up to USD 10,000 to implement their projects under IRTI’s Smart Economy Lab initiative, anchored to the Regional Hub of the IsDB in Indonesia. The award is an initial grant that is expected to serve as a catalyst for the winning projects and open new funding opportunities.

Acting Director General of IRTI, Dr. Sami Al-Suwailem, said, “Through the Smart Economy Grants, IRTI aims to empower potential entrepreneurs to realize their dreams and contribute to the digital transformation of our societies. We look forward to receiving patentable ideas with significant entrepreneurial potential.”

Applications for the grants are to be submitted online through the IRTI website by 30 October 2020, along with detailed information and supporting documents on the project. Projects with proof-of-concept/ prototypes/ minimum viable product are also welcome.

Full details on the Smart Economy Grants, including eligibility, submission process and evaluation criteria are available on IRTI website.

For more information on the Smart Economy Grants, please contact us by email at sel-irti@isdb.org

-Ends-

About the Islamic Research and Training Institute (IRTI)

The Islamic Research and Training Institute (IRTI) is a Member of the Islamic Development Bank (IsDB) Group dedicated to knowledge creation and dissemination in Islamic Economics and Finance. With a track record of nearly four decades of delivering cutting-edge research and capacity development programs, IRTI works to develop innovative knowledge-based solutions and enhance human capacity in Islamic Economics and Finance for the sustainable development of IsDB Member Countries and Muslim communities in non-member countries worldwide.

Facebook: https://www.facebook.com/IRTIKSA/ 
Twitter: @IRTI_IDB

Send us your press releases to pressrelease.zawya@refinitiv.com

© Press Release 2020

Disclaimer: The contents of this press release was provided from an external third party provider. This website is not responsible for, and does not control, such external content. This content is provided on an “as is” and “as available” basis and has not been edited in any way. Neither this website nor our affiliates guarantee the accuracy of or endorse the views or opinions expressed in this press release.

The press release is provided for informational purposes only. The content does not provide tax, legal or investment advice or opinion regarding the suitability, value or profitability of any particular security, portfolio or investment strategy. Neither this website nor our affiliates shall be liable for any errors or inaccuracies in the content, or for any actions taken by you in reliance thereon. You expressly agree that your use of the information within this article is at your sole risk.

To the fullest extent permitted by applicable law, this website, its parent company, its subsidiaries, its affiliates and the respective shareholders, directors, officers, employees, agents, advertisers, content providers and licensors will not be liable (jointly or severally) to you for any direct, indirect, consequential, special, incidental, punitive or exemplary damages, including without limitation, lost profits, lost savings and lost revenues, whether in negligence, tort, contract or any other theory of liability, even if the parties have been advised of the possibility or could have foreseen any such damages.

More From Press Releases