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Financial Grant Opportunity For Local ICT Industry

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Financial Grant Opportunity For Local ICT Industry
16/05/2011
 
PRESS RELEASE
 
The Authority for Info-communications Technology Industry of Brunei Darussalam (AITI) today announced another opening for applications to the AITI Grant Scheme for the local ICT industry players.
 
AITI’s functions and duties to encourage, promote, facilitate and provide assistance for the development of the ICT industry in Brunei Darussalam. The AITI Grant Scheme aims to encourage R&D activities in producing local innovative products with commercial potential by local ICT businesses with emphasis on “Brunei-Made” components as well as to strengthen R&D capabilities of Bruneians by encouraging the development of local talents on local ICT contents and applications.
 
To date, five ICT businesses have been successfully awarded grants since it was first introduced in 2010. The Chief Executive of AITI, Haji Yahkup bin Haji Menudin is pleased that the AITI Grant Scheme is yielding results. The first two AITI grantees, MARS Enterprise and Crescent Sdn Bhd will be launching their products in the upcoming CommunicAsia 2011 in Singapore at the end of this month. He reiterated that the AITI Grant Scheme not only encourages local ICT companies to develop more unique and innovative project proposals but will also facilitate enhancement and improvement to their existing products or solutions. Hence, local ICT companies should take this opportunity to apply for the grant.
 
The AITI Grant Scheme provides four (4) types of grants that depict the stages of ICT product or solution development life-cycle:
• Product Development – for developing prototypes or concept testing;
• Product Enhancement – for improving and upgrading design or processes;
• Product Ownership – for obtaining certification and quality management systems; and
• Product Packaging and Marketing – for marketing and improving existing packaging, design or labeling.
 
The grant amount varies depending on the type of grants applied and the classification of the company based on the AITI Grant Scheme Guidelines. Each applicant is allowed to apply for more than one grant type for the same ICT product or solution.
 
AITI once again is pleased to invite all eligible local ICT businesses to apply for the AITI Grant Scheme. The period for submission is from Wednesday, 1 June 2011 until Friday, 1 July 2011 by 4.00pm. Application forms and guidelines for this scheme are available for download at AITI’s website (Form Centre) www.aiti.gov.bn/form/form_centre.html
 
All applicants are advised to submit complete required documents to expedite the evaluation process. For any further inquiries, interested applicants can contact the IT Industry Development Group at 2323232 (during office hours only) or visit www.aiti.gov.bn or email at itidg@aiti.gov.bn.