i-Connect Research and Development Grant for Fintech in Islamic Finance is intended to be used to develop disruptive solutions using one or more of the sciences and technology drivers. The Grant is intended to be used to bridge the gap that often exists among Research, Development and Deployment phases.

The initial technology readiness level of the project shall be between TRL 3 to TRL 9 inclusively. Priority will be given to project that will be working at TRL 6 and above to expedite Development and Deployment phases.

To be eligible for the funding, grant applicant must fund at least 50% of the total project cost. Contributions from the grant applicant in the form of financial funds, expertise, equipment, services etc. need to be translated in value of financial contribution.

Criteria :
1. The application involves at least one local company/organization (Malaysian) pairing with at least one local university or research center.
2. The project must be completed in 12 months with the Malaysian company/organization (industry) as the project lead
3. Roles and responsibilities, contributions and the ownership of the project outcomes shall be addressed and agreed upon by the project partners prior to execution of the collaboration.

Closing date : 31 August 2021