The Islamic Research and Training Institute (IRTI) of the Islamic Development Bank Group invites researchers, professionals and entrepreneurs engaged in product development/ projects involving application of emerging technologies (e.g. blockchain and AI) for business and economy (with an Islamic finance component in particular) to be part of its growing network.
Together with this network the IRTI is seeking to build a platform for technology-enabled solutions for the smart economy. In support of their mission, they are launching a Program of Smart Economy Grants. This Program aims at knowledge-driven economic transformation and involves an initial grant that is expected to act as a catalyst, signal new funding opportunities and empower innovation and development. This will support smart, sustainable and inclusive growth fueled by knowledge intensive activities.
- A total of eight SE grants of up to USD $10,000 (US Dollars Ten Thousand) each will be provided.
- You must be an adult, at least 18 years old and legally able to enter into an agreement;
- You shall not apply under this Program if there are legal restrictions in your country of residence or domicile for entering into an agreement with its terms and conditions or receiving a Grant. It is your sole responsibility to ensure that your participation in the Program is not prohibited by any applicable law, regulation or rule in your country of residence or domicile.
- You will, subject to all AML/CFT requirements, be awarded a cash Grant, the quantum and terms of which shall be determined by IRTI. Applicants are required to provide further personal information, including bank account information of an approved bank to be eligible to receive a cash Grant. Applicants shall be responsible for bearing all costs, bank fees and taxes in connection with the receipt of any cash Grant.
- IRTI may require you to furnish such documents and personal information so as to prove your identity, status and/or eligibility for the Program. IRTI reserves the right to reject your application or eligibility for a Grant if you are unable to furnish such documents or information to IRTI’s satisfaction.
- IRTI shall have the unfettered right to disqualify any application, change the nature of any Grant and/or require the termination or refund of any Grant to IRTI if an applicant does not comply with the terms and conditions, in the event of any illegality or if mandatory compliance with any applicable law is required.
- Employees of the IsDB Group are not eligible to apply for the Program.
How To Apply
Applications must be accompanied by detailed information on your project(s). They are specifically looking for patentable ideas with significant entrepreneurial potential. Projects (proof-of-concept/ prototypes/ minimum viable product) are also welcome.
For more information, visit Smart Economy Grant
Application Deadline: October 31, 2020