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28TIMESBUSINESSDIRECTORYOFSINGAPORE2024/2025GOVERNMENTDEVELOPMENTASSISTANCEPROGRAMMESFORSPECIFICSECTORSSectorProgrammesDescriptionEnergyPowerSystemsCompetitiveResearchandTest-bedding(CRT)FundingInitiativesEMArollsoutcompetitivegrantcallstocatalyseappliedresearchanddevelopment(R&D)ofinnovativetechnologiesandsolutionsThisaimstoaddressindustry-relevantchallengesandopportunitiesintheenergysectorthatleadtolong-termsolutionsforSingaporesenergychallengesThePowerSystemsCRTFundingInitiativessupportcompetitiveR&Dgrantcallprojectsandtest-bedsinthethreeareasofnaturalgasenergystorageand futuregrid that will tosupport theSingaporeGreenPlan2030andLongTermLow-EmissionsDevelopmentStrategyEnvironmentalServicesEnterpriseDevelopmentGrant(EDG)TheEDGhelpsSingaporecompaniesgrowandtransformThisgrantsupportsprojectsthathelpyouupgradeyourbusinessinnovateorventureoverseasReceiveupto70%supportforeligiblecostsEnvironmentalServicesInnovativeSmartEstateTrialSolutionsThisgrantisforsolutionproviderstodevelopnewtechnologiesorusecasesinareasofenhancingsmartenvironmentexperiencesandlivingIMDAwillco-fundupto50%ofprojectcostsforSingaporetechnologyprovidersthatleverageondigitalsolutionssuchasAIanddataanalyticstogenerateinsightsformulatestrategiesandmakedecisionsTechnologiescouldincludemachinelearningcrowdortenantanalysisunmannedstorespredictivemaintenanceandoperationsIMDAandtheindustry(challengestatementowners)willevaluatetheproposalssubmittedfromthetechsolutionprovidersandthePOCswillbetestedatlivetrialsitesprovidedbytheindustryFinancialServicesAsianFinancialLeadersScheme(AFLS)TheAFLSinitiativehelpsFIsdefraypartofthecostsincurredinsendingpromisingC-1/C-2Singaporean financeprofessionalsoneligibleleadershipprogrammesFinancialServicesEnterpriseDevelopmentGrant(EDG)TheEDGhelpsSingaporecompaniesgrowandtransformThisgrantsupportsprojectsthathelpyouupgradeyourbusinessinnovateorventureoverseasReceiveupto70%supportforeligiblecostsFinancialServicesFinanceAssociateManagementScheme(FAMS)TheFAMShelpsFIs defray part of the costsincurredin thehiring of Singaporecitizenstaffwhowouldbetrainedundertheirstructuredmanagement/functionalprogrammesFinancialServicesFinancialSectorTechnologyandInnovation(FSTI)Scheme-ArtificialIntelligenceandDataAnalytics(AIDA)GrantTheAIDAgrantsupportsprojectsthatdemonstrateadoptionofAI&DAtechniquesthatachievebusinessobjectivesofstrategy&decisionmakingwithconsiderationofworkforceimpactFinancialServicesFinancialSectorTechnologyandInnovation(FSTI)Scheme-IndustrywideTechnologicalInfrastructureorUtilityTheFSTIIndustry-wideProjectsschemeseekstobuildindustry-widetechnological/utilityinfrastructureand/orimproveefficiencyandboostproductivityinthefinancialservicessectorFinancialServicesFinancialSectorTechnologyandInnovation(FSTI)Scheme-Proof-ofConcept(POC)GrantThePOCgrantsupportsearlystagedevelopmentofnovelsoutionstoproblemsinthefinancialsectorFinancialServicesFinancialTrainingScheme(FTS)TheFTSprovidesfundingforfinancialsector-specifictrainingprogrammeswhicharerecognizedunderFTS–Contd