IRTI launches smart economy grants to promote technology-based development solutions
Jeddah, Kingdom of Saudi Arabia, 8 October 2020 – 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.
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