Annex B: Details of the GeoInnovation Fund Framework

Home > Articles > Press Releases > 2013 > GeoInnovation Fund Transforms Ideas into Reality > Annex B: Details of the GeoInnovation Fund Framework

1. The objective of the GeoInnovation Fund (“Fund”) is to catalyze the creation of geospatial applications and services. All individuals and companies/organisations may apply for the Fund. Proposed projects should rely on using geospatial data or delivering geospatial services.

2. Up to $50,000 will be available per project. The actual amount of funding for each project will be determined by the evaluation panel comprising members from public agencies and the private sector.

3. Funding will be disbursed in stages over a maximum of 12 months. The following components are eligible for funding: Equipment – hardware, software; materials and ICT services; applying for intellectual property rights; marketing and publicity expenses; and training. Other funding items will be considered on case-by-case basis.

4. An additional 20% funding will be made available if OneMap is used as the basemap for the project. However, the total amount of funding will cap at $50,000.

5. The projects will be evaluated based on the following criteria:

Evaluation Criteria
1. Impact
i. How much social/economic value does it create?
2. Sustainability
i. How likely will it continue to deliver value beyond the funding period?
3. Innovativeness of the Solution
i. How creative is its use of geospatial information, concepts and technologies?
ii. How different is it from what is currently available?
4. Clarity of Project Deliverables & Feasibility of Implementation
i. Are the project deliverables clear?
ii. Are the milestones & timelines feasible?

6. The Intellectual Property Rights will vest with the individual/organisation that created the data, products, application, services, etc unless otherwise stated in the letter of offer.

7. Applications are welcomed throughout the year. For projects which had already started, the applicant has to state what the other funding sources are and how the GeoInnovation Fund will be used for the project. A copy of the application form is enclosed here.